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Market Daily Report: Bursa Malaysia Gives Up Earlier Gains To End Mixed

KUALA LUMPUR, Nov 19 (Bernama) -- Bursa Malaysia gave up earlier gains to end mixed today, amid a higher regional market showing, as property, construction, and healthcare counters attracted buying interests, while plantation, banking, and telecommunication stocks saw some profit-taking, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.70 points to close at 1,602.34 from yesterday’s close of 1,604.04. The benchmark index, which opened 0.86 of-a-point lower at 1,603.18, moved between 1,601.02 and 1,608.88 during the trading session. However, the broader market was mixed to higher, with gainers leading decliners by 565 to 438 while 502 counters remained unchanged, 961 untraded, and 14 suspended. Turnover narrowed to 2.83 billion units valued at RM2.08 billion versus 2.96 billion units valued at RM2.23 billion yesterday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index remained range-bound and it required a dec
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Samsung Closes Gap in AI Memory Chip Market with Nvidia Approval

 

Samsung Electronics is making strides in the AI memory chip market, narrowing the gap with rival SK Hynix. The company recently secured Nvidia's approval for its high-bandwidth memory (HBM3) chips and expects approval for the next-generation HBM3E in the coming months.

After months of setbacks and development missteps, Samsung's efforts to address technical issues and reorganize its semiconductor division have paid off. This progress positions Samsung to benefit from the booming AI market, projected to reach $71 billion by 2027.

Key Takeaways:

  • Samsung received Nvidia's approval for its HBM3 chips.
  • Approval for HBM3E chips is anticipated within months.
  • The AI memory chip market is projected to grow to $71 billion by 2027.
  • Samsung's advancements come after significant internal restructuring and technical improvements.
  • Despite previous struggles, Samsung is catching up to SK Hynix in the AI memory chip sector.
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