| Mobile Web

Search results for July

Industry

Global chip industry urges U.S. not to intervene in memory market

Global memory chipmakers including Samsung Electronics, SK hynix and Micron have formally asked the U.S. government to refrain from intervening in supplies for specific industries as demand surges on the spread of AI data centres. SEMI sent a letter to U.S. Treasury Secretary Scott Bessent opposing policies that could distort the memory market. The group supports tax incentives to expand production but warned government direction of prices, capacity or suppliers could prolong shortages.

Finance

KOSPI slumps more than 4% on Samsung Electronics earnings day, closes at 7,656

South Korea\'s KOSPI fell nearly 5% on the day Samsung Electronics released preliminary second-quarter results, even as the company posted earnings above market expectations. Heavy selling hit large semiconductor shares and triggered an intraday circuit breaker that briefly halted trading. Individuals were net buyers while foreigners and institutions sold. The KOSDAQ also fell, and the won edged higher against the dollar. Analysts cited profit-taking and leverage ETF-related supply-demand pressures.

Industry

Tesla sweeps U.S.-made rankings with Model 3 and Y as Cybertruck earns top safety grade

Tesla\'s Model 3 and Model Y were named the vehicles with the highest share of U.S. production this year, ranking first and second on Cars.com\'s latest American-Made Index. The Cybertruck was not included in the index, but received the Insurance Institute for Highway Safety\'s Top Safety Pick+ rating. Under recent criteria, it was the only full-size pickup to earn that grade and avoided collisions in pedestrian tests.