European semiconductor stocks rose on Friday after Samsung Electronics and STMicro issued positive fourth quarter updates.
Meanwhile, STMicro saw its own share price rise by over 4% after it published higher-than-expected fourth quarter sales on Friday.
The French-Italian chipmaker announced preliminary fourth-quarter revenue of more than $3.5 billion, which was above a company forecast of $3.4 billion.Elsewhere, Samsung estimated Friday that its fourth-quarter operating profit jumped 52% as a result of strong demand for its memory chips and rising orders for its contract chip manufacturing services.
If the predictions are accurate, the last quarter would be the South Korean tech giant's best final quarter since 2017. The world's largest smartphone and memory chip maker said it expects to log nearly $11.5 billion in profit for the final quarter, which ended in December. It will release its full set of numbers later this month.. This resulted in increased delivery times on a range of products including cars and the new PlayStation 5.For example,
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Samsung estimating a 52% profit increase during the global chip shortageSamsung seems to have gained a lot of profit during the last three quarters of 2021, mainly thanks to chip production.
Read more »
Samsung likely to report best Q4 profit on solid chip demandSamsung Electronics Co Ltd is likely to post a record fourth-quarter profit thanks to solid demand for server memory chips and higher margins in contract manufacturing, analysts' estimates showed.
Read more »
Lenovo updates its ThinkPad X1 and Yoga models with Intel's 12th-gen chips | EngadgetLenovo's updated a whole raft of its ThinkPad X1 and Yoga machines with new 12th-generation Intel chips..
Read more »
Samsung and Verizon continue to shine with their fast and wide Android 12 updatesSamsung's Galaxy Note 20, Note 20 Ultra, Z Fold 3, and Z Flip 3 5G are being updated to Android 12 as we speak in more and more places across the US.
Read more »