Samsung predicts profit hit from weak chip sales as US curbs bite

• Samsung flags chip slowdown as profit drops sharply from previous quarter

  While fourth-quarter revenue and operating profit fell quarter on quarter, annual revenue reached the second-highest on record, Samsung said.
  
  CNBC - 3h

• Profits at Indian banks dented as RBI curbs retail loans

  Bad loan provisions also grow after millions of households loaded up on debt during ‘exuberant’ period
  
  Financial Times - Jan. 24

• SK Hynix profits beat Samsung’s for first time on AI boom

  South Korean chipmaker expects sales of high-bandwidth memory products to more than double this year
  
  Financial Times - Jan. 23

• TSMC cuts profitability target as cost of diversifying supply chains bites

  World’s biggest chipmaker faces less efficient operations in US and Japan but gets boost from AI demand
  
  Financial Times - Jan. 16

• TSMC net profit hits record high as fourth-quarter results top expectations on robust AI chip demand

  TSMC, the world's largest contract chip manufacturer, produces advanced processors for clients such as Nvidia and Apple and has benefited from the megatrend in favor of AI.
  
  CNBC - Jan. 16
• 

  Biden Administration Makes Last-Ditch Effort to Curb AI Chip Exports

  The new rules meant to govern exports of sophisticated AI processors are meant to address national security concerns, but have already provoked an industry pushback.
  
  Inc. - Jan. 13

• World’s largest chip maker, Taiwan Semiconductor Manufacturing, reports record sales

  The key supplier of advanced chips for the world’s leading tech companies saw record revenue in the final quarter of 2023.
  
  MarketWatch - Jan. 10

• Samsung’s profit estimates disappoint as it fights for Nvidia’s AI business

  Fourth-quarter earnings hit by greater investments in advanced chip manufacturing
  
  Financial Times - Jan. 8

• Samsung Expects Further Profit Growth Slowdown, Missing Estimates

  The world’s largest maker of memory chips and smartphones said sluggish demand for conventional chips used in personal computers and mobile phones weighed on its memory business for the quarter.
  
  The Wall Street Journal - Jan. 7

More from Financial Times

• 

  China builds huge wartime military command centre in Beijing

  Complex will be bigger than Pentagon and include bombproof bunkers for leaders, say US officials
  
  Financial Times - 12h
• 

  Is Wall Street ready to stay up all night?

  The New York Stock Exchange is looking to trade for 22 hours a day — raising thorny questions about how equity markets function
  
  Financial Times - 4h
• 

  How undercounting immigration skews narratives

  The US and UK have been underestimating population growth but with diverging implications
  
  Financial Times - 4h
• 

  Trump has made a good start

  A series of early moves has breathed fresh life into the business community
  
  Financial Times - 4h
• 

  World’s biggest offshore wind developer replaces chief

  Ørsted says Mads Nipper will be replaced by deputy chief Rasmus Errboe
  
  Financial Times - 1h

More in Business

• Vertex Pharmaceuticals stock is soaring. The FDA just approved its potentially game-changing pain treatment.

  Shares of Vertex Pharmaceuticals Inc. surged ahead of Friday’s market open after the Food and Drug Administration approved the company’s non-opioid pain treatment.
  
  MarketWatch - 23m

• Trump says 25% tariffs on Mexico and Canada may not include oil: 'Oil is going to have nothing to do with it as far as I’m concerned'

  The president confirmed his long-threatened tariffs will come into effect on Saturday, and said they “may or may not rise with time.”
  
  CNBC - 50m
• 

  World’s biggest offshore wind developer replaces chief

  Ørsted says Mads Nipper will be replaced by deputy chief Rasmus Errboe
  
  Financial Times - 1h
• 

  Smiths Group announces break-up after activist pressure

  Shares in London-listed conglomerate jump after it announced plans to sell or demerge two of its four core divisions
  
  Financial Times - 1h

• From jewelry to food waste, firms are 'shaking' things up with circular-economy shift

  A growing number of sectors are focusing on operating as part of a "circular economy," aiming to waste less — and reap the financial benefits in the process.
  
  CNBC - 1h