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Tag: TSMC

  • Samsung’s Profits Jump By More Than 900%

    Samsung’s Profits Jump By More Than 900%

    In a stunning revelation, Samsung Electronics has announced a remarkable surge in profits for the first quarter of 2024, surpassing analysts’ expectations by a significant margin.

    The South Korean tech giant reported an astounding 10-fold increase in operating profit compared to the same period last year, reaching a staggering 6.6 trillion won ($4.9 billion). This extraordinary performance comes amidst a backdrop of recovering chip prices and unprecedented demand for AI-related products.

    At the heart of Samsung’s financial triumph lies its semiconductor division, which serves as the cornerstone of its revenue stream. As the world’s largest maker of memory chips, Samsung has benefited immensely from the revival of semiconductor prices in the global market. Over the past year, memory chip prices have surged by approximately 20%, bolstering Samsung’s earnings and reaffirming its dominance in the semiconductor industry.

    Furthermore, the growing demand for AI technologies has emerged as a key driver of Samsung’s profitability. With industries increasingly integrating artificial intelligence into their products and services, the need for advanced semiconductor components has skyrocketed. Samsung, with its advanced technology and diverse product portfolio, is uniquely positioned to capitalize on this trend, further enhancing its bottom line.

    In addition to market dynamics, the events such as the earthquake in Taiwan have underscored the fragility of the semiconductor supply chain. While Taiwan is home to major chipmakers like TSMC, disruptions caused by natural disasters can have significant repercussions for the industry.

    Although TSMC has managed to mitigate the impact on its production, the incident highlights the vulnerability of the supply chain and the potential for supply shortages, which could benefit Samsung in terms of pricing and market share.

    Moreover, the launch of Samsung’s flagship Galaxy S24 smartphones in January has further bolstered the company’s revenue growth prospects. With cutting-edge features and innovative design, the Galaxy S24 series has garnered widespread acclaim and is poised to capture a significant share of the smartphone market.

    Samsung Projects Record-Breaking Earnings for Q1 2024

    In its earnings guidance for the first quarter of 2024, the tech giant anticipates consolidated sales of approximately 71 trillion Korean won.

    These estimates, based on K-IFRS (Korean International Financial Reporting Standards), reflect the median of the estimate ranges provided by Samsung Electronics. While Korean disclosure regulations prohibit the offering of earnings estimates as a range, the figures provided represent a comprehensive overview of the anticipated financial performance for the quarter.

    Sales are expected to fall within the range of 70 trillion to 72 trillion Korean won, highlighting the robust demand for Samsung’s diverse product portfolio across global markets. With a focus on driving profitability while maintaining excellence in product quality and customer satisfaction, Samsung Electronics remains a frontrunner in the highly competitive technology sector.

    The impressive earnings guidance for the first quarter of 2024 underlines Samsung’s resilience and ability to navigate evolving market dynamics. Despite challenges posed by the global economy, Samsung continues to demonstrate its leadership and adaptability, setting new benchmarks for success in the industry.

    As the company prepares to release its detailed financial report on April 30, investors and stakeholders eagerly await further insights into Samsung’s performance and strategic outlook. With a track record of innovation and profitability, Samsung Electronics is poised to maintain its position as a global leader in technology and drive sustainable growth in the quarters to come.

    Samsung remains optimistic about its future prospects, sustained by robust demand for semiconductors and ongoing innovation across its product lineup. As the company prepares to release its detailed financial report on April 30, investors and stakeholders await further insights into Samsung’s strategic direction and plans for sustained growth.

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  • Apple Calls On Global Supply Chain To Decarbonize By 2030

    Apple Calls On Global Supply Chain To Decarbonize By 2030

    Apple, today, Tuesday, October 25, 2022 called on its global supply chain to take new steps to address their greenhouse gas emissions and take a comprehensive approach to decarbonization.

    According to the company, it will evaluate the work of its major manufacturing partners to decarbonize their Apple-related operations — including running on 100 percent renewable electricity — and will track yearly progress.

    “Fighting climate change remains one of Apple’s most urgent priorities, and moments like this put action to those words. We’re looking forward to continued partnership with our suppliers to make Apple’s supply chain carbon neutral by 2030. Climate action at Apple doesn’t stop at our doors, and in this work, we’re determined to be a ripple in the pond that creates a bigger change.”

    Tim Cook, Apple’s CEO

     Apple has been carbon neutral for its global corporate operations since 2020, and is laser-focused on its ambitious goal to become carbon neutral across its entire global supply chain and the life cycle of every product.

    As the impacts of climate change are increasingly felt around the world, Apple also announced new initiatives and investments aimed at helping decarbonize the global economy and promote innovative climate solutions for communities.

    These include significant investments in renewable energy in Europe, partnerships to support businesses transitioning to clean energy, and new support for projects that advance natural carbon removal and community-driven climate solutions around the world.

    Mobilizing Supply Chain Climate Action

    As part of Apple’s supplier engagement, the company requires reporting on progress toward these goals — specifically Scope 1 and Scope 2 emissions reductions related to Apple production — and will track and audit annual progress. Apple will partner with suppliers that are working with urgency and making measurable progress toward decarbonization.

    Additionally, Apple is encouraging suppliers to address the greenhouse gas emissions beyond their Apple production, prioritizing clean energy. As part of the company’s work to achieve its 2030 goal, Apple has reduced its emissions by 40 percent since 2015, largely through improvements in energy efficiency, low-carbon design, becoming carbon neutral for corporate operations, and transitioning its supply chain to renewable electricity.

    More than 200 suppliers representing more than 70 percent of Apple’s direct manufacturing spend have already committed to using clean power like wind or solar for all Apple production. Major manufacturing partners — including Corning Incorporated, Nitto Denko Corporation, SK hynix, STMicroelectronics, TSMC, and Yuto — have committed to power all Apple production with 100 percent renewable energy.

    To help suppliers meet their commitments and go even further, Apple offers a suite of free e-learning resources and live trainings through its Clean Energy Program, and works closely with its suppliers and local partners to identify effective solutions for renewable energy and carbon removal.

    More than 150 supplier representatives have participated in live trainings this year alone. Apple plans to donate these resources to create a first-of-its-kind public training platform that is free for businesses across many different industries, ensuring that companies of all sizes — in Apple’s supply chain and beyond — will have access to the resources and advocacy networks needed to speed their transition to 100 percent clean energy and carbon neutrality.

    Expanding Clean Energy to Address Customer Product Use

    As part of Apple’s commitment to clean energy, the company has sourced renewable energy to power all of its corporate offices, retail stores, and data centers in 44 countries since 2018, and its suppliers have brought more than 10 gigawatts of clean power online around the world.

     Building on this progress, Apple plans to facilitate the construction of large-scale solar and wind projects in Europe, with projects ranging between 30 and 300 megawatts — following an initial request for proposals issued earlier this year.

    Over the next several years, the company aims to procure enough renewable energy to power all Apple devices on the continent with low-carbon electricity, while continuing to power corporate offices, retail stores, and data centers with 100 percent clean energy. In total, the planned investments will add 3,000 gigawatt hours per year of new renewable energy on the grid.

    The European investments are part of the company’s larger strategy to address the approximately 22 percent of its carbon footprint that comes from the electricity customers use to charge their devices.

    Wherever possible, Apple plans to bring clean energy projects online in grids with high carbon intensity, enhancing the impact on Europe’s electricity sector at a time when renewable generation is critically needed. Earlier this year, the company announced new renewable energy projects in the United States and Australia designed to address customer product use.

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