Samsung Electronics Co Bolsa (OTC: SSNLF)

Últimas noticias sobre Samsung Electronics Co (OTC:SSNLF) Bolsa

Samsung Electronics is a diversified electronics conglomerate that manufactures and sells a wide range of products, including smartphones, semiconductor chips, printers, home appliances, medical equipment, and telecom network equipment. More than half of its profit is generated from semiconductor business, and a further 20-25% is generated from its mobile handset business, although these percentages vary with the fortunes of each of these businesses. It is the largest smartphone and television manufacturer in the world, which helps provide a base demand for its component businesses, such as memory chips and displays, and is also the largest manufacturer of these globally.

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Semiconductor giants, including Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) and Samsung Electronics (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>), have been at the forefront of a multi-billion-dollar investment wave in the United States.
The surge began after the Chips and Science Act was passed, which aimed to revive the U.S. semiconductor industry by offering historic subsidies. However, with the possible return of former President Donald Trump, this ambitious push to boost <a target="_blank" href="https://www.benzinga.com/government/regulations/24/12/42389113/nvidia-hit-with-antitrust-probe-in-china-stock-slides" rel="noreferrer noopener">U.S. chip manufacturing</a> may need to be revised.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42413866/taiwan-semiconductor-surges-34-in-november-strengthened-by-ai-and-smartphone-demand" rel="noreferrer noopener">Taiwan Semi November Revenue Ups 34% Strengthened by AI and Smartphone Demand</a>
A <a target="_blank" href="https://www.ft.com/content/e478dd6c-6dad-4795-9610-1098c2d33d88" rel="noreferrer noopener">report</a> from the Financial Times highlights growing concerns that the future of the Chips Act is now in jeopardy.
In a recent interview, President-elect Trump criticized the Chips and Science Act. Since his campaign days, Trump has threatened to slap up to 60% tariffs on exports to China.
His stance threatens to undermine the bipartisan support the legislation received in 2022. The $39 billion subsidy package, designed to encourage companies to build factories in the U.S., now faces scrutiny.
With a leadership shift coming in January 2025, executives worry about the fate of ongoing investments and the possibility of projects being delayed or canceled. Industry leaders hope to finalize deals before Trump assumes office, as this would make it harder for him to dismantle the program once it is locked in.
The Chips Act&#8217;s subsidies are crucial for attracting foreign companies such as Taiwan Semiconductor and Samsung, who are investing billions in U.S. semiconductor plants. The legislation offers direct grants and tax incentives, a rarity in U.S. industrial policy.
Chris Miller, a professor at Tufts University, told the FT that it&#8217;s rare to find industrial policies offering billions of dollars in incentives to foreign firms.
This growth has paralleled a broader stock market boom, particularly in companies developing chips for artificial intelligence, such as Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Arm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>).
Rebuilding U.S. manufacturing, however, requires the involvement of key players like Taiwan Semiconductor and Samsung. Martin Chorzempa, the study&#8217;s author, warned of the risks of discontinuing the program, stating that without these incentives, attracting future investments to the U.S. would be a significant challenge.
According to FT, Taiwan Semiconductor and GlobalWafers Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>), along with Samsung and SK Hynix, are slated to receive nearly $14 billion in grants, which will make up a significant portion of the subsidy package under the Chips Act.
These grants are vital in competing against China&#8217;s rising technological power. However, the U.S. Department of Commerce needs to approve these deals faster, causing frustration among company executives. Taiwan Semiconductor has already secured $6.6 billion in grants and up to $5 billion in U.S. government loans for its Arizona plant. However, the final green lights on other grants are still pending.
The chip stocks are also trading lower Tuesday in sympathy with Oracle Corp&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) <a target="_blank" href="https://www.benzinga.com/news/earnings/24/12/42400723/oracle-q2-earnings-revenue-miss-eps-miss-ai-growth-ellison-says-opportunity-is-unimaginable" rel="noreferrer noopener">worse-than-expected</a> second-quarter print. The company reported second-quarter revenue of $14.06 billion, up 9%, missing the Street consensus estimate of $14.11 billion. The adjusted EPS of $1.47 missed the Street consensus estimate of $1.48.
Price Actions: TSM stock is down 2.94% at $193.31 at last check on Tuesday. NVDA is down 1.51%, GFS is down 1.35%, INTC is down 2.82%, AMD is down 1.73%, AVGO is down 4.50%, MU is down 3.62%, QCOM is down 2.07%.
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ORCL

Trump's Return Threatens Billions in US Chip Investment from Taiwan, Samsung

Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) reported a topline growth of 34% year-on-year to $8.55 billion <a target="_blank" href="https://pr.tsmc.com/english/news/3195" rel="noreferrer noopener">in November 2024</a>.
Revenue for January through November 2024 grew by 31.8% year over year to $81.05 billion, testimony to the continued artificial intelligence frenzy.
The contract chipmaker&#8217;s <a target="_blank" href="https://www.benzinga.com/media/24/12/42397029/taiwan-semiconductor-extends-lead-as-top-chipmaker" rel="noreferrer noopener">market share grew</a> to 64.9%, up from 62.3% Q/Q, helping it retain the top position in the global wafer foundry business. This is due to the smartphone and AI-related&nbsp;demand for its 3nm and 5nm technologies thanks to clients like Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).&nbsp;
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42397333/google-quantum-ais-willow-chip-outsmarts-supercomputers-completing-tasks-in-minutes-that-would-take-10-septillion-years" rel="noreferrer noopener">Google Quantum AI&#8217;s New Willow Chip Can Do in Minutes That Supercomputers Would Take 10 Septillion Years</a>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10032041/newplot-1-2.png" alt="" class="wp-image-684648" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10032041/newplot-1-2.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10032041/newplot-1-2-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Taiwan Semiconductor&#8217;s performance reflects the chipmaker&#8217;s production capacity utilization and wafer shipment boost.
Meanwhile, Samsung Electronics (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) bore the brunt of competition from Chinese rivals for advanced technology, with its market share falling to 9.3% in the quarter, down from 11.5% Q/Q.
Taiwan Semiconductor stock is up over 96% year-to-date. The chipmaker is extending its footprint beyond Taiwan to help countries develop their semiconductor moat instead of depending solely on China.
Recent reports indicated Nvidia is <a target="_blank" href="https://www.benzinga.com/24/12/42336825/nvidia-could-become-taiwan-semis-3rd-us-plant-customer" rel="noreferrer noopener">exploring the production</a> of the Blackwell AI chips at Taiwan Semiconductor&#8217;s Arizona plant. Apple and Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) are already customers of Arizona&#8217;s Taiwan Semiconductor chip plant.
The chipmaker has manufactured Nvidia&#8217;s Blackwell chips in its Taiwan facilities, where its chip-on-wafer-on-substrate (CoWoS) capacity exists.
Taiwan Semiconductor has maintained its key advanced technology production facilities in Taiwan, which renders it vulnerable to geopolitical risks.
Investors can gain exposure to Taiwan Semiconductor through iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) and First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TDIV#NASDAQ">TDIV</a>).
Price Action: TSM stock closed lower by 0.36% at $198.45 premarket at the last check on Tuesday.
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Earnings

Taiwan Semi November Revenue Ups 34% Strengthened by AI and Smartphone Demand

Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) maintained its global wafer foundry business turf in the third quarter of 2024.
The contract chipmaker&#8217;s market share grew to 64.9% (up from 62.3% in the second quarter) ahead of Samsung Electronics Co (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) as flagship smartphone products and high-performance computing (HPC) devices gain traction, the Taipei Times <a target="_blank" href="https://www.taipeitimes.com/News/biz/archives/2024/12/09/2003828160" rel="noreferrer noopener">cites</a> from TrendForce report.
Taiwan Semiconductor reported a 39% topline growth in the third quarter, reaching a revenue of $23.5 billion.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42336825/nvidia-could-become-taiwan-semis-3rd-us-plant-customer" rel="noreferrer noopener">Nvidia Could Become Taiwan Semi&#8217;s Third US Plant Customer, But With A Catch</a>
The chipmaker&#8217;s production capacity utilization and wafer shipment boost helped it beat its rivals.
Taiwan Semiconductor credited <a target="_blank" href="https://www.benzinga.com/government/24/11/41811866/taiwan-semi-and-globalfoundries-finalize-major-us-funding-deals-eye-growth-in-chip-manufacturing" rel="noreferrer noopener">smartphone and AI-related</a> demand for its 3nm (which Needham&#8217;s Charles Shi&nbsp;primarily attributed to&nbsp;Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) and 5nm technologies.&nbsp;
Samsung bore the brunt of competition from Chinese rivals for advanced technology, with its market share falling to 9.3% in the quarter, down from 11.5% in the second quarter.
In the third quarter, the aggregate sales of the top wafer foundry operators stood at $34.9 billion, up 9.1%, sequentially as the advanced 3nm process gained traction.
China&#8217;s Semiconductor Manufacturing International Corp ranked third with a market share of 6.0%, ahead of United Microelectronics Corp&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>) 5.2% and GlobalFoundries Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>) 4.8%.
TrendForce expects robust global demand for emerging technologies to boost sales of the top ten wafer foundry operators in the fourth quarter.
Taiwan Semiconductor and GlobalFoundries are key contenders for U.S. chip subsidies. Taiwan Semiconductor won a <a target="_blank" href="https://www.benzinga.com/government/24/11/41811866/taiwan-semi-and-globalfoundries-finalize-major-us-funding-deals-eye-growth-in-chip-manufacturing" rel="noreferrer noopener">$6.6 billion grant</a> for its Phoenix, Arizona semiconductor project, and GlobalFoundries won $1.5 billion for its facilities in Malta, New York, and Burlington, Vermont.
SinoPac Financial&#8217;s Jack Huang expects Taiwan Semiconductor
<a target="_blank" href="https://www.benzinga.com/24/12/42366347/taiwan-semi-set-to-power-taiwan-semiconductor-index-surge-in-2025-fueled-by-ai-demand" rel="noreferrer noopener">to grow its</a> business by 20% in 2025, contributing to a Taiex rally in the first half of 2025, the benchmark weighted index on the Taiwan Stock Exchange.
Taiwan Semiconductor stock surged 99% year-to-date. Investors can gain exposure to the stock through VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and Global X Emerging Markets Great Consumer ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMC#NYSE">EMC</a>).
Price Action: TSM stock is down 0.90% at $201.20 at the last check Monday.
Also Read:
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Photo by wakamatsu.h via Shutterstock

Taiwan Semiconductor Extends Lead As Top Chipmaker

<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42307586/bitcoin-dumped-and-recovered-in-south-korea-amid-political-turmoil-an-arbitrage-opportunity-that-wasnt">Political uncertainty surrounding</a> South Korean President Yoon Suk Yeol has spurred heated activity on prediction market Polymarket on Wednesday.
What Happened: <a href="https://polymarket.com/event/south-korean-president-impeached-in-2024?tid=1733326929469">Data</a> from the prediction market shows a 37% probability of Yoon being impeached before the end of 2024.
Another Polymarket question <a href="https://polymarket.com/event/yoon-out-as-president-of-south-korea-in-2024?tid=1733326929195">gives</a> a 29% chance of Yoon being removed from office, underscoring heightened political instability in the country.
This uncertainty has already rippled through <a href="https://www.benzinga.com/news/global/24/12/42306717/south-korean-markets-plunge-amid-political-turmoil-as-president-yoons-martial-law-u-turn-sparks-uncertainty-samsung-sk-hynix-and-hyundai-stocks-tumble">South Korea's financial markets</a>.
Key technology and industrial stocks have taken a hit, with Samsung Electronics (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) down 1.12%, NVIDIA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) supplier SK Hynix (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HXSCF#OTC">HXSCF</a>) slipping 0.061%, and Hyundai Motor (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HYMTF#OTC">HYMTF</a>) falling 0.70%. 
The turmoil has also affected U.S.-listed South Korean equities, with Posco Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKX#NYSE">PKX</a>) dropping 4.36% in regular trading before seeing a slight recovery after hours. 
South Korean ETFs in the U.S., including the iShares MSCI South Korea ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWY#NYSE">EWY</a>) and Franklin FTSE South Korea ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLKR#NYSE">FLKR</a>), also saw mixed performances, signaling broader market apprehension.
The situation has also impacted the South Korean won, which weakened by 0.21% against the U.S. dollar, trading at 1,416.65. 
Analysts noted that South Korea&#8217;s crucial role in global supply chains, particularly in semiconductors and automotive production, amplifies the stakes of this political drama.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42317460/vladimir-putin-says-nobody-can-ban-bitcoin-stresses-crypto-will-develop-one-way-or-the-other">Vladimir Putin Says &#8216;Nobody Can Ban Bitcoin,&#8217; Stresses Crypto Will Develop &#8216;One Way Or The Other&#8217;</a>
Why It Matters: The cryptocurrency market, too, felt the shockwaves.
Major coins like Bitcoin and Ethereum plunged on Upbit, South Korea&#8217;s largest crypto exchange, trading at a steep discount compared to international markets. 
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) dropped as low as $71,800 on Upbit compared to $95,500 on Coinbase, while Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) fell to $2,700 on Upbit before recovering. 
The Korea Premium Index, which tracks price differences between South Korean and global exchanges, dipped to -14.67 during the chaos, signaling significant retail selling pressure.
However, the situation stabilized after President Yoon reversed his martial law decision following parliamentary pushback, with Bitcoin and Ethereum rebounding to align more closely with global prices. 
Analysts noted this episode's divergence from the traditional "Kimchi Premium," where South Korean crypto prices often trade at a significant premium.
Historical patterns add further context to the political stakes. 
South Korea has a tumultuous history of leadership changes, with several former presidents either overthrown, impeached, or imprisoned. 
Yoon's presidency, marked by controversy and challenges, now faces increasing scrutiny and the potential for <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42307586/bitcoin-dumped-and-recovered-in-south-korea-amid-political-turmoil-an-arbitrage-opportunity-that-wasnt">a similar fate</a>.
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South Korea's President To Be Impeached In 2024? Polymarket Traders Are Unsure

South Korean President Yoon Suk Yeol is under fire from the main opposition party, who are demanding his resignation or impeachment in the wake of a short-lived martial law imposition.
What Happened: The Democratic Party, which holds a majority in the 300-seat parliament, has called for President Yoon&#8217;s immediate resignation or threatened impeachment, according to a <a href="https://apnews.com/article/south-korea-yoon-martial-law-25a2a7c957e77a19f771b6b7c56a2173">report</a> by AP News on Wednesday. This comes after Yoon&#8217;s brief martial law, which saw military personnel encircling the parliament before lawmakers voted to lift it.
Yoon&#8217;s office revealed that&nbsp;senior presidential advisers and secretaries&nbsp;have offered to resign en masse, and Yoon postponed&nbsp;his official Wednesday morning schedule.&nbsp;The martial law, imposed on Tuesday night, was in effect for only about six hours before the National Assembly overruled the president.
The Democratic Party stated that its lawmakers have&nbsp;decided to call on Yoon&nbsp;to quit immediately or they&nbsp;would initiate impeachment proceedings. &#8220;President&nbsp;Yoon Suk Yeol's martial law&nbsp;declaration was a clear violation&nbsp;of the constitution&#8230;&nbsp;It was a grave act&nbsp;of rebellion and provides perfect&nbsp;grounds for his impeachment,&#8221; the party said in a statement.
If Yoon is impeached, he&#8217;ll be stripped of his constitutional powers until the Constitutional Court can rule on his fate. Prime Minister Han Duck-soo would assume his presidential responsibilities.
See Also: <a href="https://www.benzinga.com/news/24/12/42257531/heres-how-ray-dalio-thinks-trumps-second-term-could-reshape-the-us-and-the-world?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Here&#8217;s How Ray Dalio Thinks Trump&#8217;s Second Term Could Reshape the US and the World</a>
Why It Matters: The political turmoil has had a significant impact on South Korea&#8217;s markets. As reported by Benzinga earlier, the benchmark Kospi index fell 1.15% and the tech-heavy Kosdaq 100 <a href="https://www.benzinga.com/news/global/24/12/42306717/south-korean-markets-plunge-amid-political-turmoil-as-president-yoons-martial-law-u-turn-sparks-uncertainty-samsung-sk-hynix-and-hyundai-stocks-tumble">dropped 2.64%</a> following the brief imposition of martial law. Major technology and industrial stocks, including Samsung Electronics Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>), were affected.
At the time of writing, the KOSPI was seen trading lower by 1.8% at 2,455.28. Stocks that took a hit during Wednesday&#8217;s trading included LG Energy Solution, Naver Corporation (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NHNCF#OTC">NHNCF</a>), and chip maker SK Hynix (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HXSCL#OTC">HXSCL</a>). 
Photo via Shutterstock.
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Politics

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NHNCF

South Korean President Yoon Suk Yeol Faces Impeachment Demands After Brief Martial Law, Opposition Calls It a 'Grave Act of Rebellion'

South Korean markets traded sharply lower on Wednesday following a dramatic political upheaval that saw President Yoon Suk Yeol briefly impose and then quickly withdraw martial law <a href="https://www.benzinga.com/news/global/24/12/42301885/south-korea-etfs-won-pare-losses-as-yoon-makes-u-turn-on-martial-law-declaration">after facing parliamentary opposition</a>.
What Happened: The benchmark Kospi index fell 1.15% to 2,471.27, while the tech-heavy Kosdaq 100 dropped 2.64% as of 9:49 am local time, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>. 
The political uncertainty particularly affected major technology and industrial stocks, with Samsung Electronics Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) declining 1.12%.
NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) supplier SK Hynix (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HXSCF#OTC">HXSCF</a>) saw its shares drop 0.061%. Other industrial heavyweights also suffered, with Hyundai Motor (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HYMTF#OTC">HYMTF</a>) falling 0.70% and U.S.-listed Posco Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKX#NYSE">PKX</a>) declining 4.36% to $47.77 on Tuesday&#8217;s regular session. Still, the stock recovered marginally in after-hours trading.
U.S.-based funds tracking South Korean equities showed signs of recovery in after-hours trading, with the iShares MSCI South Korea ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWY#NYSE">EWY</a>) rebounding 0.25% after earlier losses exceeding 6%. The Franklin FTSE South Korea ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLKR#NYSE">FLKR</a>) gained 0.53% after hours.
The political turbulence also impacted currency markets, with the South Korean won weakening 0.21% against the U.S. dollar to 1,416.65. 
The market reaction highlights South Korea&#8217;s crucial role in global supply chains, particularly in semiconductor manufacturing and automotive production, where many companies serve as essential suppliers to major U.S. firms.
Read Next: 
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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South Korean Markets Plunge Amid Political Turmoil As President Yoon's Martial Law U-Turn Sparks Uncertainty: Samsung, SK Hynix, And Hyundai Stocks Tumble

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STLA

U.S. DOE Announces Conditional Commitment For $7.54B Loan To StarPlus Energy For Two Lithium-Ion Battery Plants In Indiana, Supporting Stellantis EV Production And Creating 6,000+ Jobs

On Monday, the outgoing Biden administration will implement its third crackdown on China&#8217;s <a target="_blank" href="https://www.benzinga.com/topic/semiconductors" rel="noreferrer noopener">semiconductor industry</a> within three years, citing the same national security threats as reasons it mentioned for its prior sanctions, intensifying geopolitical tensions between the countries.
The initiative, launching Monday, will impose export restrictions on 140 Chinese entities, including chip equipment manufacturers such as Naura Technology Group and other firms, targeting advanced memory chips and chipmaking tools.
Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) stock is trading lower on Monday. Prior reports indicated Nvidia&#8217;s potential to earn <a target="_blank" href="https://www.benzinga.com/government/24/10/41204521/nvidias-gpu-sales-at-risk-as-china-pushes-local-ai-chips-in-retaliation" rel="noreferrer noopener">$12 billion in sales</a> from 1 million H20 GPUs in China in 2024.&nbsp;
Also Read: <a target="_blank" href="https://www.benzinga.com/24/11/42244371/stellantis-to-suspend-production-of-fiat-500-ev-at-turin-plant-again-whats-going-on" rel="noreferrer noopener">Stellantis To Suspend Production Of Fiat 500 EV At Turin Plant Again: What&#8217;s Going On?</a>
Reuters reports that the restrictions will also affect Chinese chip toolmakers Piotech and SiCarrier Technology and shipments from nations like Singapore and Malaysia.
The package includes new controls on 24 additional chipmaking tools, software, and high-bandwidth memory chips essential for AI training and high-end applications.
Lam Research Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), KLA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>), and Applied Materials Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) could face significant impacts alongside non-U.S. firms such as Dutch company ASM International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>). These controls are part of a broader strategy to limit Beijing&#8217;s access to advanced technologies critical for its semiconductor sector.
<a target="_blank" href="https://www.benzinga.com/24/11/42244387/nvidia-lam-reasearch-applied-materials-stocks-gain-as-biden-government-eyes-softer-semiconductor-sanctions-against-china" rel="noreferrer noopener">Prior reports indicated</a> that the U.S. proposed to go softer on China for the third semiconductor embargo following intense negotiations with allies like Japan and the Netherlands and American chip equipment makers.
Chinese entities added to the list include over 100 semiconductor and chipmaking toolmakers, two investment companies, and others linked to Huawei Technologies, a telecom giant pivotal to China&#8217;s chip advancements.
Companies on the list will require special licenses to receive shipments from U.S. suppliers, with most license requests likely to be denied.
The new rules also expand the foreign direct product rule, restricting exports from U.S., Japanese, and Dutch manufacturers to essential Chinese chip plants.
Due to agreements with the U.S., Japan and the Netherlands are exempt, which relieves ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>)&nbsp;and&nbsp;Tokyo Electron Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TOELY#OTC">TOELY</a>).
However, manufacturers in other nations, such as Israel, South Korea, and Taiwan, are affected, to the dismay of Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) and Samsung Electronics Co (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>).
Investors can gain exposure to semiconductor stocks through the Invesco Semiconductors ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSI#NYSE">PSI</a>) and the SPDR S&amp;P Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XSD#NYSE">XSD</a>).
Price Actions: At the last check on Monday, NVDA stock was down 0.53% at $137.52 in premarket trading. LRCX is down 0.31%, and AMAT is down 0.32%. ASML is up 0.32%, TSM is up 2.32%.
Also Read:
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<li><a href="https://www.benzinga.com/24/11/42241689/taiwan-semiconductors-advanced-2nm-chips-to-hit-us-market-by-2028" target="_blank" rel="noreferrer noopener">Taiwan Semiconductor&#8217;s Advanced 2nm Chips To Hit US Market By 2028: Report</a></li>
</ul>
Photo courtesy: Shutterstock

Government

Regulations

AMAT

ASML

KLAC

LRCX

PowerShares Exchange-Traded Fund Trust Dynamic Semiconductor Portfolio

TOELY

Biden Targets China With New Chip Restrictions, Nvidia Slides

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) stock is up Friday amid reports indicating the U.S. government is set to announce further sanctions on exporting <a href="https://www.benzinga.com/topic/semiconductors">semiconductor equipment and AI memory chips</a> to China, which will be less stringent than the previous ones.
Additionally, the U.S. embargo will focus on Chinese companies that make semiconductor manufacturing equipment instead of the fabrication facilities following protests from&nbsp;Lam Research Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>),&nbsp;Applied Materials Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>), and&nbsp;KLA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) as the move will enable the U.S. companies to maintain their edge versus international rivals like ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) and Tokyo Electron Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TOELY#OTC">TOELY</a>) which have not wholly subscribed to the U.S. sanctions against China.
Also Read: <a href="https://www.benzinga.com/24/11/42216863/nvidia-intel-suppliers-rethink-mexico-operations-amid-trumps-tariff-threat" target="_blank" rel="noreferrer noopener">Nvidia, Intel Suppliers Rethink Mexico Operations Amid Trump&#8217;s Tariff Threat</a>
The U.S. could announce the fresh semiconductor sanctions by next week, according to Bloomberg, <a href="https://www.bloomberg.com/news/articles/2024-11-28/us-readies-china-chip-curbs-that-stop-short-of-earlier-proposals?sref=TBDibEcD" target="_blank" rel="noreferrer noopener">citing</a> sources familiar with the issue.
The fresh restrictions will follow months of negotiations between the U.S. government, allies like Japan and the Netherlands, and American chip equipment makers. The U.S. chip companies, including Nvidia and rivals, had previously urged the government to relax its embargo against China, a key semiconductor market.
Therefore, the U.S. expects to impose restrictions on fewer Huawei Technologies Co suppliers and restrict only&nbsp;two chip factories of Huawei partner&nbsp;Semiconductor Manufacturing International Corp.
However, the new restrictions will affect <a target="_blank" href="https://www.benzinga.com/government/24/08/40198085/huawei-and-baidu-increase-samsung-hbm-purchases-as-us-curbs-loom" rel="noreferrer noopener">high-bandwidth memory chip</a> companies like &nbsp;Samsung Electronics Co (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>),&nbsp;SK Hynix Inc, and&nbsp;Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>).
The disruption of the semiconductor supply chain caused by the 2020 pandemic in China prompted global countries to consolidate their semiconductor bases and reduce their dependence on China. The U.S. and other countries started luring contract chipmakers like Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) and Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) with subsidies to manufacture advanced artificial intelligence chips in their U.S. facilities while insisting ally countries like the Netherlands and Japan to impose similar sanctions on China.
The VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>), which represent stocks like Nvidia, Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), Taiwan Semiconductor, Intel and Micron were up about 1% on Friday.
Price Action: NVDA stock is up 1.04% at $136.80 in premarket trading at last check Friday.
Also Read:
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<li><a href="https://www.benzinga.com/news/global/24/11/42198109/nvidia-blackwell-supplier-vishay-intertechnology-likey-to-see-upside-courtesy-of-ai-frenzy-analyst" target="_blank" rel="noreferrer noopener">Nvidia Blackwell Supplier Vishay Intertechnology Likely To See Upside Courtesy Of AI Frenzy: Analyst</a></li>
</ul>
Photo: Shutterstock

AVGO

INTC

QCOM

Nvidia, Chip Stocks Gain On Reports Of Softer China Sanctions

China's Huawei Technologies will replace Google's Android with its in-house developed operating system in smartphones and tablets starting next year.
What Happened: On Tuesday, at a live-streamed event, Huawei announced that its Mate 70 series will debut HarmonyOS Next, the latest iteration of the company's operating system, <a href="https://www.bloomberg.com/news/articles/2024-11-26/huawei-plans-to-drop-android-entirely-in-gadgets-from-2025?leadSource=uverifywall">reported</a> Bloomberg.
The Mate 70 and Mate 70 Pro will be available on Dec. 4, marking the company's first flagship phones without any reliance on Android, the open-source OS by Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google.
Richard Yu, chairman of Huawei's consumer business group said that the Mate 70 series is expected to deliver a 40% performance boost over its predecessor. The device has a starting price of $760 (5,499 yuan) for the 6.7-inch model.
See Also: <a href="https://www.benzinga.com/24/11/42155932/apple-black-friday-2024-get-up-to-200-in-gift-cards-on-iphones-macs-airpods-and-more-heres-everything-you-need-to-know?itm_source=parsely-api">Apple&#8217;s 2024 Black Friday Deals: Gift Cards Over Discounts — Here&#8217;s What You&#8217;ll Get</a>
Meanwhile, the HarmonyOS Next will take another two to three months to improve user experience, but the plans remain to integrate it into future devices.
The Mate 70 series is expected to include Huawei's in-house Kirin chips, although their performance might lag behind those of competitors like Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) and MediaTek.
Huawei has forecasted production of more than 10 million units over the product&#8217;s life cycle, indicating strong expectations for demand.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: The new devices aim to compete directly with Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) in China&#8217;s premium smartphone market.
In the third quarter of this year, Huawei&#8217;s market share in China increased to 15.3%, up from 8.6% last year. This development marked it as a strong rival to Cupertino in the high-end smartphone arena.
Earlier this year, Huawei also surpassed Samsung Electronics Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) in global <a href="https://www.benzinga.com/news/24/05/39107001/after-apple-huawei-takes-on-samsung-in-race-to-become-worlds-top-foldable-phone-maker-report">foldable smartphone</a> shipments.
Meanwhile, Google generates billions from Android, mainly via the Play Store. In the <a href="https://www.benzinga.com/news/earnings/24/10/41611263/alphabet-q3-earnings-highlights-revenue-beat-eps-beat-google-cloud-up-35-momentum-across-the-compan">third quarter of 2024</a>, Google Services reported $76.5 billion in revenue, a 13% increase year-over-year.
Moreover, the decision to move away from Android is significant considering the ongoing <a href="https://www.benzinga.com/news/global/24/11/42132104/huawei-to-launch-mate-70-smartphone-with-advanced-homegrown-chip-challenging-apple-in-china-amid-us-sanctions-report">U.S. sanctions</a> that have limited Huawei's access to critical technologies. Other Chinese tech companies are seeking ways to reduce their reliance on foreign technology.
Price Action: As of this writing, Alphabet's Class A shares rose 0.047% in after-hours trading to $169.20, while Class C shares increased by 0.11% to $170.80. During Tuesday's regular session, Class A shares closed up 0.88% at $169.12, and Class C shares ended 0.70% higher at $170.62, according to <a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Apple&#8217;s stock gained 0.94% on Tuesday, closing at $235.06, and saw an additional 0.20% rise in after-hours trading. Since the year began, Apple stock has risen 26.62%, more than the Nasdaq 100 index's 26.47% gain in the same period.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/earnings/24/11/42201885/dell-technologies-shares-drop-after-q3-revenue-misses-estimates-details?itm_source=parsely-api">Dell Technologies Shares Drop After Q3 Revenue Misses Estimates: Details</a></li>
</ul>

Apple's Premium Phone Reign In China Meets Challenger In Huawei's Mate 70 As New Smartphone Breaks Free From Google's Grip

Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) reportedly plans to enter the mobile device market with new accelerated processing unit (APU) chips <a href="https://www.benzinga.com/topic/amd">designed for smartphones. </a>
The chips will leverage Taiwan Semiconductor Manufacturing Co&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) 3nm process, extending Taiwan Semiconductor&#8217;s order visibility for 3nm production into late 2026, UDN.com <a href="https://udn.com/news/story/7240/8382001#goog_rewarded" target="_blank" rel="noreferrer noopener">reports</a>.
The new APU chips are rumored to target flagship smartphones, potentially being used in models from Samsung Electronics (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>).
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/25075427/newplot-13.png" alt="" class="wp-image-663223" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/25075427/newplot-13.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/25075427/newplot-13-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Also Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41339315/nvidia-and-intel-competition-threaten-amds-growth-analyst-says" target="_blank" rel="noreferrer noopener">Nvidia and Intel Competition Threaten AMD&#8217;s Growth, Analyst Says</a>
AMD previously collaborated with Samsung on the Exynos 2200 processor, which featured a GPU based on AMD&#8217;s RDNA 2 architecture. However, this earlier partnership focused on graphic enhancements rather than central processor development.
AMD&#8217;s current MI300 series processors, known for their application in AI servers, could lay the groundwork for these upcoming mobile APUs. Industry insiders suggest that Samsung integrate these APUs into its premium devices, which rely heavily on Taiwan Semiconductor-manufactured components, such as Qualcomm Inc processors in the Galaxy S series.
According to Taiwan Semiconductor, its 3nm technology, including N3, N3E, and N3P nodes, has drawn significant interest from major clients like AMD, Apple Inc, and MediaTek. The demand for these advanced chips is so high that Taiwan Semiconductor has tripled its production capacity compared to last year. However, it still needs to work on meeting the overwhelming number of orders.
Taiwan Semiconductor&#8217;s ongoing development of its 3nm family will further address emerging needs in AI, mobile devices, and automotive computing.
AMD posted third-quarter revenue of $6.8 billion, surpassing <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41612007/amd-q3-earnings-revenue-beat-eps-in-line-data-center-up-122-significant-growth-opportunities-ahead-" rel="noreferrer noopener">analyst expectations of $6.71 billion</a>. Revenue grew 18%, driven by a 122% increase in Data Center revenue, which reached $3.5 billion. Client segment revenue rose 29% to $1.9 billion. However, Gaming revenue dropped 69% to $462 million, while Embedded revenue decreased 25% to $927 million.
For the fourth quarter, AMD projects revenue of $7.5 billion, plus or minus $300 million, reflecting 22% growth at the midpoint.
Goldman Sachs analyst&nbsp;Toshiya Hari <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41431993/amd-to-benefit-from-ai-competitive-arms-race-goldman-sachs" rel="noreferrer noopener">credited AMD&#8217;s growth</a> to increasing capital investment in AI infrastructure, driven by enterprises in an &#8220;AI arms race.&#8221; AMD&#8217;s robust product pipeline, including competitive GPUs and the integration of ZT Systems, positions the company for accelerated growth.
Rebounding demand for server CPUs and market share gains in enterprise-targeted SKUs will likely boost revenue and margins.
Price Actions: AMD stock is up 2.4% at $141.75 at the last check on Monday. TSM is down 2.6%.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/24/11/42158933/amazons-ai-chip-strategy-targets-nvidias-dominance-in-data-centers" target="_blank" rel="noreferrer noopener">Amazon&#8217;s AI Chip Strategy Targets Nvidia&#8217;s Dominance In Data Centers</a></li>
</ul>
Photo: Shutterstock

AMD Teams Up With Taiwan Semi To Take On Samsung In Smartphone Market

Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is expediting the certification process of Samsung Electronic Co.&#8217;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) AI memory chips.
What Happened: This information was confirmed by Nvidia&#8217;s CEO, Jensen Huang, at an event at the Hong Kong University of Science and Technology on Saturday, <a href="https://www.bloomberg.com/news/articles/2024-11-23/nvidia-working-as-fast-as-it-can-to-certify-samsung-s-ai-memory?srnd=homepage-asia">reported</a> Bloomberg.
Huang said that Nvidia is evaluating both 8-high and 12-high HBM3E offerings from Samsung.
Notably, the Nvidia CEO did not include Samsung in the list of major partners he mentioned during a post-earnings call with analysts earlier this week.
See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42103355/nvidias-blackwell-set-to-outpace-hopper-heres-what-ceo-jensen-huang-predicted-for-2025">Nvidia&#8217;s Blackwell Set To Outpace Hopper? Here&#8217;s What CEO Jensen Huang Predicts For 2025</a>
At that time, Huang highlighted the impressive list of partners including Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), Amphenol (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>), SK Hynix (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HXSCF#OTC">HXSCF</a>), Foxconn, Micron Technology Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MU#NYSE">MU</a>), and Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>).
Nvidia reported <a href="https://www.benzinga.com/24/11/42099904/nvidia-q3-earnings-highlights">third-quarter revenue</a> of $35.1 billion, a 94% increase year-over-year, surpassing the Street consensus estimate of $33.12 billion, according to data<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112024&amp;t=be2bearmibe3na1"> from Benzinga Pro.</a>
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: This development follows <a href="https://www.benzinga.com/markets/equities/24/07/39924480/nvidia-greenlights-samsungs-high-bandwidth-memory-chips-for-ai-chips-in-china-report">Nvidia&#8217;s initial approval</a> of Samsung&#8217;s fourth-generation high bandwidth memory in July.
This marked the first time Nvidia approved the use of Samsung's HBM3 chips, albeit for a less advanced Nvidia graphics processing unit (GPU), the H20, specifically designed for the Chinese market.
However, Samsung&#8217;s delay in obtaining Nvidia&#8217;s certification for AI memory chips has given competitors SK Hynix and Micron an <a href="https://www.benzinga.com/markets/asia/24/10/41645191/samsung-profits-soar-but-companys-nvidia-ai-chip-race-lag-allows-sk-hynix-micron-to-take-the-lead-in">edge in the high-bandwidth memory</a> market.
Nvidia&#8217;s new Blackwell AI chips are reportedly <a href="https://www.benzinga.com/24/11/42028342/blackwell-backfires-nvidias-ai-chips-struggle-with-server-overheating-impacting-meta-microsoft-and-musks-xai-data-centers">facing overheating problems</a>. When asked about it during the earnings call, Huang sidestepped the question and instead highlighted that the supply levels surpassed initial expectations.
Nvidia&#8217;s CFO, Colette Kress, also said the company <a href="https://www.benzinga.com/24/11/42103355/nvidias-blackwell-set-to-outpace-hopper-heres-what-ceo-jensen-huang-predicted-for-2025">shipped 13,000 GPU samples</a> in the third quarter, including one of the first Blackwell DGX samples to OpenAI.
&#8220;Blackwell demand is staggering, and we are racing to scale supply to meet the incredible demand customers are placing on us,&#8221; Kress stated during the call.
Price Action: Nvidia shares dropped 3.22% on Friday, closing at $141.95, and saw a further decline of 0.13% in after-hours trading, reaching $141.77 as of the latest update, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/11/42086596/jensen-huang-says-building-nvidia-was-a-million-times-harder-than-he-expected" target="_blank" rel="noreferrer noopener">Jensen Huang Says Building Nvidia Was A ‘Million Times Harder&#8217; Than He Expected</a></li>
</ul>
Photo courtesy: Shutterstock

DELL

Jensen Huang's Nvidia Fast-Tracks Samsung's AI Memory Certification As AI Giant Looks To Catch Up To Demand

Huawei Technologies Co. is reportedly set to release its most advanced domestically made chip in the Mate 70 series, amid ongoing U.S. sanctions.
What Happened: The new chip will power select models in Huawei's Mate 70 lineup, which is expected to launch next week, <a href="https://www.wsj.com/tech/huaweis-chip-advances-threaten-apple-in-china-165a1e9e?mod=tech_lead_story">reported</a> the Wall Street Journal, citing people familiar with the matter.
The launch comes as Huawei continues to increase its market share in China, where it has seen a rise in consumer demand.
In the third quarter of this year, Huawei's market share in China grew to 15.3% from 8.6% last year, positioning it as a significant competitor to Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) in the high-end smartphone market.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/41017367/huawei-riding-high-on-trifold-success-launches-revolutionary-laptop-powered-by-homegrown-chips-softw">Huawei, Riding High On Trifold Success, Launches Revolutionary Laptop Powered By Homegrown Chips, Software — China Ready To Break Free From US Tech Dependence?</a>
The new chips, produced by Semiconductor Manufacturing International Corporation or SMIC, leverage advanced technologies to improve performance and power efficiency, allowing Huawei to compete more effectively with Apple's offerings.
&#8220;The Mate 70 will continue to put more pressure on Apple in China,&#8221; said IDC vice president Bryan Ma, according to the report.
Although Huawei's chips still lag behind Apple's in terms of power efficiency, he noted that the difference may not be significant as long as users can get through the day without worrying about charging, the report noted.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: This development coincides with an earlier report that suggested Huawei plans to begin <a href="https://www.benzinga.com/news/24/11/42105518/huawei-to-reportedly-take-on-nvidia-with-mass-production-of-new-ai-chips-by-2025-amid-us-restrictions">mass production of its new AI chip</a>, the Ascend 910C, in early 2025, despite facing major challenges from U.S. trade restrictions.
In May earlier this year, the Joe Biden administration <a href="https://www.benzinga.com/markets/asia/24/05/38682654/biden-administration-tightens-grip-on-chinas-huawei-revokes-key-export-licenses-from-us-chipmakers">canceled export licenses</a> for leading U.S. semiconductor companies such as Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) and Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), blocking them from providing essential chips to Huawei.
During the same month, a report from Counterpoint Research suggested that <a href="https://www.benzinga.com/news/24/05/39107001/after-apple-huawei-takes-on-samsung-in-race-to-become-worlds-top-foldable-phone-maker-report">Huawei surpassed</a> Samsung Electronics Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) in global foldable smartphone shipments for the first quarter of 2024.
Last month, U.S. lawmakers called on the Department of Commerce to take stronger measures against Huawei&#8217;s reported efforts to evade sanctions by using a <a href="https://www.benzinga.com/markets/asia/24/10/41368844/us-lawmakers-demand-tougher-action-on-huaweis-secretive-chip-network">covert network of semiconductor facilities</a>.
Price Action: At the time of writing, Apple shares increased by 0.02% to $228.56 in after-hours trading, following a 0.21% decline to $228.52 during Thursday's regular session, according to <a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Apple Faces New Challenge As Huawei Advances Domestic Chip Tech In Mate 70 Series Amid US Sanctions: Report

ChatGPT-parent OpenAI is reportedly considering developing a web browser to challenge Alphabet Inc. subsidiary (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google&#8217;s dominance. This follows the U.S. Department of Justice's <a href="https://www.benzinga.com/government/regulations/24/11/42119020/alphabet-bleeds-over-120-billion-in-market-value-eyes-worst-day-in-10-months-after-doj-demands-google-chrome-sale">push for Google to divest Chrome browser</a>.
What Happened: OpenAI has discussed its plans with app and website developers, including notable names like Conde Nast, Redfin, Eventbrite, and Priceline, <a href="https://www.theinformation.com/articles/openai-considers-taking-on-google-with-browser">reported</a> The Information, citing people familiar with the development.
The idea is to develop a web browser that would integrate with its chatbot. The AI startup has also discussed or secured deals to power search features including travel, food, retail websites, and real estate.
See Also:&nbsp;<a href="https://www.benzinga.com/tech/24/11/42123646/google-anthropic-deal-in-jeopardy-as-us-justice-department-looks-to-snap-online-search-monopoly">Google, Anthropic Deal In Jeopardy As US Justice Department Looks To Snap Online Search Monopoly</a>
OpenAI has also been in talks to provide AI features for Samsung Electronics Co.'s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) devices, a <a href="https://www.benzinga.com/markets/equities/24/07/39711663/samsung-unveils-phones-with-gemini-ai-integration-but-hikes-prices-will-customers-budge">major partner of Google</a>, the report noted.
The ChatGPT-maker already has a partnership with Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), according to which it powers the &#8220;Apple Intelligence&#8221; features on the company's new devices.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Sam Altman-led OpenAI has already <a href="https://www.benzinga.com/news/24/10/41663190/openai-rolls-out-chatgpt-search-google-shares-slide">ventured into the search</a> space with its SearchGPT product.
Meanwhile, Google's hold on the search market has come under scrutiny. On Thursday, DOJ argued that Google's control of Chrome is a form of antitrust monopoly.
Alphabet's shares fell more than 6% in Thursday morning trading in New York, witnessing its largest drop since January 2024.
This decline erased over $120 billion in market value, pushing Alphabet&#8217;s valuation below the $2 trillion mark.
At the time of writing, Alphabet's market capitalization was at $2.063 trillion, making it the fifth most valuable company in the world now following Nvidia Corp., Apple, Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Amazon.com Inc.
Earlier this year an internal email from Microsoft surfaced, indicating that the company&#8217;s investment in OpenAI was <a href="https://www.benzinga.com/news/24/05/38582364/microsofts-fear-of-googles-ai-dominance-led-to-openai-investment-internal-email-reveals-were-multipl">motivated by fears</a> of lagging behind Alphabet&#8217;s AI advancements.
Since 2019, Microsoft has invested roughly $14 billion in ChatGPT-parent.
Price Action: On Thursday, Alphabet's Class A shares dropped 4.74%, ending at $167.63, while Class C shares decreased 4.56%, closing at $169.24. After hours, Class A shares fell another 0.42% to $166.93, and Class C shares slipped 0.38% to $168.59, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">data from Benzinga Pro</a>.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/tech/24/11/42105079/googles-unlawful-behavior-stifles-market-entry-for-rivals-doj-says-alphabet-must-sell-chrome-to-end-search-monopoly">Google&#8217;s &#8216;Unlawful Behavior&#8217; Stifles Market Entry For Rivals: DOJ Says Alphabet Must Sell Chrome To End Search Monopoly</a></li>
</ul>
Photo courtesy: Shutterstock

MSFT

ChatGPT-Parent OpenAI Considers Building Its Own Web Browser To Challenge Google's Search Monopoly, Following DOJ Push To Break Up Chrome Dominance

<a href="https://www.theinformation.com/articles/openai-considers-taking-on-google-with-browser" title="https://www.theinformation.com/articles/openai-considers-taking-on-google-with-browser">https://www.theinformation.com/articles/openai-considers-taking-on-google-with-browser</a>

'OpenAI Considers Taking on Google With Browser' - The Information

According to Circana, a market research company, sales of ultra-large TVs – 97 inches and bigger – have gone up by 877% in the last year, while prices have dropped by 53%.&nbsp;
More than 70% of Best Buy&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) stores in the United States now feature these ultra-large TVs, making it simpler to see and buy them. XXL TVs are also available at retailers like Target, Walmart and Costco.
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The popularity of these big TVs is due to better technology, cheaper production and more consumer interest. As CNN reports, during the pandemic, many people bought 65-inch TVs to make staying at home more fun and now, a few years later, many are ready to upgrade to even bigger screens.
Price is one of the biggest drivers of this behavior. A year ago, 98-inch TVs were seen as <a href="https://www.benzinga.com/news/24/01/36575301/this-massive-137-inch-foldable-tv-is-futuristic-luxurious-and-out-of-most-peoples-reach">luxury items</a>, but now they are available for prices between $1,699 and $2,999 and many stores offer free delivery and installation. Prices for TVs between 75 and 96 inches have also come down, though not as much – they are down by about 6%, with sales increasing by 19%. Meanwhile, XXL TVs are becoming more common.
With more price options, it&#8217;s easier for people to invest in a home theater-like experience.&nbsp;
Trending: The global games market is projected to generate $272B by the end of the year –<a href="https://www.benzinga.com/money/gameflip"> for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.</a>
The appeal of XXL TVs is not just because of their size; it's also about their features. Brands like Samsung (OTCPK: SSNLF) and LG have added new technology, like multi-view modes, which let you split the screen into four parts to watch different things at the same time. This is fantastic for sports enthusiasts who like to follow several games. Some TVs also use AI to enhance picture quality, which results in a more enjoyable viewing experience.
However, the appeal of XXL TVs isn't just for movies and sports but also <a href="https://www.benzinga.com/news/24/01/36594962/netflix-games-download-surge-by-180-signaling-success-in-gaming-expansion">for gamers</a> because these big screens have features like low input lag, high refresh rates and support for the latest gaming consoles. Better sound quality, with features like Dolby Atmos, makes the experience more enjoyable and immersive.
If you're unsure if these big TVs will fit in your living room, tools like Best Buy's AR Viewer can help you see how a 97-inch TV will look in your space before buying it.
See Also: Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target –<a href="https://www.benzinga.com/money/mode-mobile-2"> You can still get 4,000 of its pre-IPO shares for just $1,000</a>
The rise in XXL TV sales has boosted the industry, which has had some struggles recently. With higher costs due to inflation, people have been more careful about spending money on big purchases. Nevertheless, Corie Barry, the CEO of Best Buy, stated that when customers realize the advantages, they are still prepared to spend money on expensive goods. With their more affordable costs and superior features, XXL TVs appear to be a good fit.
Paul Gagnon, from consumer research firm Circana, noted that this trend is similar to what happened a few years ago with 65-inch TVs: People upgraded for a better viewing experience and now they're upgrading again for even larger screens. This trend toward bigger TVs is expected to continue through 2025, as more people replace their pandemic-era TVs with newer, larger models.
If you are considering an upgrade, now seems like a good time. Prices are dropping, features are improving and XXL TVs are easier to find. The trend toward bigger screens will continue, creating better home entertainment options.
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Startups

Shopping Spree – Sales Of Ultra-Large XXL TVs Have Skyrocketed 877% As Prices Drop By 53% In The Past Year

Samsung Electronics (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) announces plans to <a target="_blank" href="https://news.samsung.com/global/samsung-electronics-to-buy-back-krw-10-trillion-in-stock" rel="noreferrer noopener">repurchase </a>shares worth 10 trillion won (~$7.17B) as part of its strategy to boost shareholder value.
The Board of Directors approved the buyback program, which will be executed in phases over the next 12 months.
Samsung Electronics will repurchase 3 trillion won in shares from November 18, 2024, to February 17, 2025, as the first phase of its new buyback plan.
The buyback includes 50.14 million common shares and 6.91 million preferred shares, all of which will be canceled to enhance shareholder value.
The remaining portion of the share buyback program will be executed in phases, with timing and methods determined by the Board of Directors.
Samsung Electronics posted a net income of $7.1 billion for the third quarter, with $2.8 billion in profit from its chip division, boosted by strong AI and data center demand. However, delays in NVIDIA&#8217;s AI chip certification allowed competitors SK Hynix and Micron to gain an edge in high-bandwidth memory sales. Mobile chip sales dipped due to inventory adjustments.
Image credits: Arcansel on Shutterstock
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41509305/nvidia-supplier-sk-hynix-reports-record-breaking-quarterly-profit-as-ai-demand-drives-7-revenue-" rel="noreferrer noopener">Nvidia Supplier SK Hynix Reports Record-Breaking Quarterly Profit As AI Demand Drives 7% Revenue Surge</a>

Buybacks

Samsung Plans Massive $7.2B Stock Buyback: Details

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang has requested SK Hynix Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HXSCF#OTC">HXSCF</a>) to expedite the supply of its next-generation high-bandwidth memory chips by six months.
What Happened: The request was made during a meeting between Huang and SK Group Chairman Chey Tae-won, reported Reuters on Monday. SK Hynix had previously announced its plan to provide the chips to clients in the second half of 2025, a timeline that was already ahead of the initial target.
The demand for high-capacity, energy-efficient chips for Nvidia&#8217;s graphic processing units, used in AI technology development, has been on the rise. Nvidia currently holds over 80% of the global AI chip market.
SK Hynix, a leading player in the global race to meet the surging demand for HBM chips, is facing intensified competition from companies like Samsung Electronics (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) and Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>). 
The company is also planning to supply the latest 12-layer HBM3E to an undisclosed customer this year and intends to ship samples of the more advanced 18-layer HBM3E early next year.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41678522/jim-cramer-warns-apple-stock-should-have-never-been-up-that-much-after-q3-earnings-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jim Cramer Warns Apple Stock Should Have &#8216;Never Been Up That Much&#8217; After Q3 Earnings Even As This Analyst Defends iPhone 16 Launch</a>
Why It Matters: The demand for AI technology has been a significant driver of growth for SK Hynix. The company reported a <a href="https://www.benzinga.com/markets/equities/24/10/41509305/nvidia-supplier-sk-hynix-reports-record-breaking-quarterly-profit-as-ai-demand-drives-7-revenue-">record-breaking quarterly profit</a> in October, with a 7% revenue surge, largely attributed to the rising demand for AI technology.
Despite <a href="https://www.benzinga.com/markets/asia/24/10/41645191/samsung-profits-soar-but-companys-nvidia-ai-chip-race-lag-allows-sk-hynix-micron-to-take-the-lead-in">Samsung&#8217;s soaring profits</a>, its delays in Nvidia&#8217;s certification for AI memory chips have allowed competitors like SK Hynix and Micron Technology to take the lead in high-bandwidth memory. 
SK Hynix&#8217;s <a href="https://www.benzinga.com/markets/asia/24/09/41038506/nvidia-supplier-sk-hynix-soars-9-as-mass-production-of-advanced-hbm3e-chips-begins-amid-burgeoning-a">commencement of mass production</a> of their latest high-bandwidth memory chips in September positioned the company ahead in the competitive race to meet the growing demand driven by artificial intelligence advancements.
SK Hynix <a href="https://www.benzinga.com/news/24/07/39984461/nvidia-supplier-sk-hynix-pledges-6-8b-for-new-chip-plant-in-south-korea">plans to invest $6.8 billion</a> in a new production facility in South Korea, as part of a larger commitment to invest 120 trillion won in the construction of four fabs in the Yongin cluster.
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Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Nvidia's Need For Speed: Jensen Huang Pushes SK Hynix For Earlier Memory Chip Delivery

Samsung Electronics (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>), South Korea's largest company, reported a net income of 9.78 trillion won ($7.1 billion) for the September quarter, with its chip division earning 3.86 trillion won ($2.8 billion) in operating profit.
Artificial intelligence and data center server demand remained strong, though mobile chip sales dipped due to inventory adjustments. 
Samsung&#8217;s delays in NVIDIA Corp&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) certification for AI memory chips have allowed competitors SK Hynix (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HXSCF#OTC">HXSCF</a>) and Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) to lead in <a href="https://www.benzinga.com/markets/equities/24/10/41220202/samsung-warns-of-q3-profit-drop-amid-shipment-delays-of-ai-chip-approved-by-nvidia">high-bandwidth memory</a>. 
SK Hynix recently posted a record 7.03 trillion won in profit, <a href="https://www.benzinga.com/markets/equities/24/10/41509305/nvidia-supplier-sk-hynix-reports-record-breaking-quarterly-profit-as-ai-demand-drives-7-revenue-">intensifying pressure on Samsung</a> in a rapidly evolving memory chip market.
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Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Samsung Profits Soar, But Company's Nvidia AI Chip Race Lag Allows SK Hynix, Micron To Take The Lead In High-Bandwidth Memory

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is working on developing a new smart home display inspired by the iMac G4&#8217;s design.
What Happened: In his latest &#8220;Power On&#8221; newsletter, Bloomberg columnist Mark Gurman said that Apple's upcoming smart home display could be smaller than expected.
As per Gurman, the device will feature a square display roughly the size of two iPhones side by side, mounted on a small base reminiscent of the iMac G4&#8217;s circular bottom.
The base could also have speakers, turning the device into a HomePod with a screen.&nbsp;
See Also: <a href="https://www.benzinga.com/news/24/10/41562593/apple-secures-victory-in-masimo-patent-dispute-with-token-damages-of-250">Apple Secures Victory In Masimo Patent Dispute With Token Damages Of $250</a>
Moreover, the device will reportedly run on a new system, incorporating iPad-like apps such as FaceTime, Notes, and Calendar.
Gurman said that Cupertino intends to launch this product next year.&nbsp;
A higher-end device with a larger screen and a robotic arm for control is also in the works. This premium product, likely priced around $1,000, is not expected to be available until 2026.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: Earlier in April, it was reported that the Tim Cook-led tech giant has <a href="https://www.benzinga.com/markets/equities/24/04/38134670/apple-robot-could-someday-make-it-to-consumers-living-rooms-says-gurman-as-cupertinos-wait-for-n">been exploring robotics</a>, with a table-top product that uses a robotic arm to move around a display.
At the time, the analyst said that Apple might be trying to figure out the next big thing after its powerhouse, the iPhone, started lacking in the <a href="https://www.benzinga.com/news/earnings/24/02/36900033/apple-q1-earnings-beat-estimates-as-cupertino-snaps-4-quarter-revenue-decline-streak-stock-slides-o">revenue department</a>.
Apple competes with companies like Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), and Samsung Electronics (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) in the smart home sector.
Meanwhile, in the same newsletter, the analyst also reported about Apple's plans to <a href="https://www.benzinga.com/news/24/10/41565581/mac-mini-may-shrink-to-apple-tv-size-as-cupertino-prepares-to-unveil-new-macs-this-week-expect-ai-an">integrate the M4 processor</a> into its Mac lineup to boost AI and gaming performance.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
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Photo courtesy: Shutterstock

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Press Releases

Cisco Collaborates with Microsoft and Samsung to Deliver Superior Meeting Room Experiences

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