Samsung Electronics leads South Korean chip stocks decline, falls 4.7% to KRW272,500

The semiconductor sector's retreat highlights vulnerabilities in AI-driven market exuberance, impacting both traditional equities and crypto assets. The post Qualcomm drops 13% as chip stocks retreat from AI rally appeared first on Crypto Briefing.

The post Iraq Enhancing Weak Air Defense With South Korean And Turkish Systems appeared on BitcoinEthereumNews.com. ‘KORKUT 25mm Close Air Defense System’, “BUKALEMUN GNSS Deception System”, “KANGAL FPV Anti-Drone System”, “SEDA 100-Cuav Acoustic Drone Detection System” and the IHTAR, which is developed to neutralize mini and micro UAV threats, are displayed at Aselsan booth during SAHA EXPO 2024 International Defense and Aerospace Exhibition at Istanbul Fair Center, Turkiye on October 23, 2024. (Photo by Serhat Cagdas/Anadolu via Getty Images) Anadolu via Getty Images As it awaits delivery of medium-range Cheongung-II air defense, anti-ballistic missile systems, also known as the KM-SAM, from South Korea, Iraq has also finalized a deal for 20 air defense systems from Turkey. The move indicates that the Middle Eastern country, which has had its airspace violated with impunity during the last two Iran wars, is eyeing strengthening its limited air defense with a layered system capable of

The world's largest maker of memory chips, South Korea's Samsung Electronics, has seen its valuation reach $1 trillion this Wednesday. The company's profits have soared thanks to strong demand for the chips used to power artificial intelligence systems. Also in this edition: French oil major TotalEnergies says it will have to scrap caps on fuel prices if it faces a windfall tax on its profits in France.

The AI boom is worsening a global memory chip shortage, which Samsung predicts will continue into 2027 Samsung Electronics on Thursday reported record quarterly profit driven by a 49-fold jump in chip income, saying it expects a severe supply shortage to deepen next year as clients spend on AI, driving up prices of its memory chips. A boom in the construction of AI datacentres has spurred Samsung and chipmaking peers to allocate production capacity to advanced chips that Nvidia uses in its so-called AI accelerators. Even so, chipmakers are struggling to meet demand while the move also squeezes the supply of conventional chips. Continue reading...

The evolving AI market presents opportunities for new players, such as Rebellions, to offer silicon diversity.