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Business

Korea's SK Hynix posts record Q3 profit as chip outlook dims

SEOUL: South Korea's SK Hynix Inc posted record third-quarter operating profit on Thursday despite softer chip prices, beating expectations thanks to a seasonal sales boost for mobile devices and strong server demand.

Business

Samsung Q3 profit likely hit record high but chip price falls cast shadow

SEOUL: Samsung Electronics Co Ltd said quarterly operating profit likely surged by a fifth to a record high, with its chip unit bolstered by robust demand from data centres and gains in production yields.

Business

Nomura fund manager dumps entire Samsung stake before earnings

SEOUL: To protect returns, a top-performing fund manager slashed its Samsung Electronics Co holding.

Business

Samsung Electronics seen posting big Q3 profit

Analysts expect record operating income of US$15.5bil

TECH

As new iPhones go on sale, studies reveal chips from Intel and Toshiba

Apple Inc's latest iPhones hit stores around the world on Sept 21, featuring components made by Intel Corp and Toshiba among others, according to two firms that cracked open the iPhone Xs and Xs Max models.

Business

Asian companies shuffle production around the region as China tariffs hit

SEOUL: A growing number of Asian manufacturers of products ranging from memory chips to machines tools are moving to shift production from China to other factories in the region in the wake of US President Donald Trump’s tariffs on Chinese imports.

Business

Dow, S&P 500 end up after trade talk news; Apple slips

NEW YORK: The Dow and S&P 500 ended slightly higher on Wednesday after news of a fresh round of U.S.-China trade talks, while the Nasdaq fell following a decline in Apple as it unveiled larger iPhones but made just minor changes to its offerings.

Business

Samsung Elec profit growth slows despite stellar chip sales

SEOUL: Samsung Electronics Co Ltd posted its slowest quarterly profit growth in more than a year on Tuesday as the sluggish global smartphone market weighed on earnings, although the chip business continued to perform well.

Business

Asian chipmakers’ production plans in focus as super-cycle winds down

SEOUL: Asian memory chipmakers’ production plans and outlook will be closely watched as they start reporting earnings this week, following sharp falls in their stock prices due to concerns that a 2-year industry super-cycle may be skidding to a halt.

Football

Three executive committee members leave FA of Selangor

PETALING JAYA: The Football Association of Selangor (FAS) have confirmed the resignations of three office bearers under new president Tengku Amir Shah Sultan Shara­fuddin Idris Shah’s new administration.