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HONG KONG (AFP): Asian markets were mixed Tuesday (July 7) after their latest rally, with investors awaiting the corporate earnings season with some optimism after a run of upbeat economic data that has offset fears of a virus second wave.
SEOUL: Samsung Electronics Co Ltd said on Tuesday second-quarter operating profit likely rose 23%, beating analysts' estimates as solid chip sales to data centres bulking up in a work-from-home economy during the coronavirus pandemic offset weak demand for smartphones and TVs
SEOUL: At Samsung Electronics Co Ltd, demand for its chips from data centres bulking up to meet a surge in work-from-home traffic was not likely enough to offset muted sales of its smartphones in the second quarter, analysts said.
KUALA LUMPUR: US-based Semiconductor Equipment Manufacturers Industry (Semi) sees strong growth ahead for global fabrication equipment spending in 2021 as it recovers from the trough this year following the Covid-19 pandemic fallout.
KUALA LUMPUR: US-based Semiconductor Equipment Manufacturers Industry (SEMI) sees strong growth ahead for global fabrication equipment spending in 2021 as it recovers from the trough this year following the Covid-19 pandemic fallout.
ANXIETIES are growing in South Korea that it will be caught in the middle of tensions between the world’s two most powerful countries, as Seoul comes under pressure from Washington to join US-led attempts to sideline China.
Nintendo Co is struggling to procure some essential components for its popular Switch console due to government-imposed lockdowns in Malaysia and the Philippines, likely limiting its production this year, according to people familiar with its operations.
Nintendo Co has asked its partners to increase Switch production to sate a surge in global demand during the Covid-19 pandemic, but a lack of key components like memory may curtail efforts to boost output.
Smartphone sales in China are rising again as Covid-19 cases there decline and global demand for chips used in work-from-home networks is surging, positioning Asian tech firms for a slow but steady recovery, their early quarterly report cards showed.
SEOUL: Samsung Electronics Co Ltd said on Tuesday its first-quarter operating profit likely managed to rise slightly from a slump a year earlier, as solid chip sales helped cushion the blow from the coronavirus pandemic on smartphones and TVs.