Nvidia CEO Jensen Huang expressed confidence that global collaboration in science and technology will persist, even amid potential tighter export controls from the incoming Trump administration. Huang on Global Cooperation Despite the Trump administration’s previous restrictions on exporting US technology to China, Huang believes international collaboration remains essential. “Open science and global cooperation across math and science have been the foundation of societal and scientific advancements for a very long time,” Huang stated during a media session in Hong Kong. He emphasized Nvidia's commitment to balancing compliance with laws and policies while continuing to advance technology and serve customers globally. The Age of AI During a speech at the Hong Kong University of Science and Technology (HKUST) , Huang declared, “The age of AI has started — a new computing era that will impact every industry and every field of science.” Highlighting Nvidia’s innovations, he describe
Samsung Electronics forecasts robust artificial intelligence (AI)-driven demand for chips in the latter half of 2024, attributing a significant surge in second-quarter operating profit to rising semiconductor prices.
"In the second half of 2024, AI servers are expected to take up a larger portion of the (memory) market as major cloud service providers and enterprises expand their AI investments," Samsung stated.
Rebounding semiconductor prices, fueled by the AI boom, significantly boosted June quarter earnings for the world's largest producer of memory chips, smartphones, and TVs from a low base last year.
Key Highlights:
- Share Price: Samsung's share price increased by 0.9% in morning trade, compared to a 0.5% rise in the benchmark index.
- Operating Profit: Rose to 10.4 trillion won (RM33.42 billion) in April-June, a dramatic rise from 670 billion won a year earlier, marking Samsung's highest operating profit since Q3 2022.
- Chip Division: Reported a profit of 6.45 trillion won, its highest since Q2 2022, and its second consecutive quarterly profit.
Chips Boom:
The surge in demand for high-end DRAM chips, including high bandwidth memory (HBM) chips used in AI chipsets, as well as chips for data center servers and AI-powered devices, has driven up chip prices.
- Rival Trends: South Korean competitor SK Hynix also reported increased demand for AI chips, achieving its highest quarterly profit since 2018.
- Nvidia Standards: While Samsung’s fourth-generation HBM (HBM3) has been approved by Nvidia for use in its H20 graphics processor for the Chinese market, Samsung is yet to meet Nvidia's standards for fifth-generation HBM chips (HBM3E).
Supply Adjustments:
Samsung plans to focus its production capacity on HBM, server DRAMs, and server solid-state drives (SSDs) for AI applications. Consequently, the supply of conventional PC and mobile memory chips will be constrained in the second half of the year.
This strategic shift aligns with the growing demand for AI applications, positioning Samsung to capitalize on the expanding AI market. The company’s forward-looking stance indicates a strong potential for sustained profitability driven by advancements and investments in AI technology.
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