Samsung top pick for retail investors after US election
Retail investors scooped up 2.33 trillion won ($1.67 billion) worth of Samsung Electronics stocks since the U.S. presidential election, the country's main bourse said on Sunday.
Samsung, the world’s biggest memory chip maker, has created a new research lab in the United States to focus on developing next-generation three-dimensional (3D) DRAM, industry sources said on Sunday.
The new lab is operating under Device Solutions America (DSA) headquartered in Silicon Valley, which oversees Samsung’s semiconductor production in the US, and will work to develop an upgraded DRAM model to allow Samsung to lead the global 3D memory chip market, according to the sources.
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In October, the South Korean tech giant said it is preparing new 3D structures for sub-10-nanometer DRAM, allowing larger single-chip capacities that can exceed 100 gigabits, reports Yonhap news agency.
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Samsung succeeded in commercialising 3D vertical NAND flash memory chips for the first time in the industry in 2013.
Meanwhile, the global semiconductor industry’s revenue declined 8.8 per cent in 2023 due to a slowdown in enterprise and consumer spending.
AI provided positive news to the semiconductor industry, emerging as a key content and revenue driver, especially in the second half of the year, according to Counterpoint Research.
Samsung was affected by the memory market slowdown in both DRAM and NAND segments, reporting a 38 per cent YoY decline in its revenue. The memory market was mainly hit by soft demand in the PC, server and smartphone segments as well as oversupply and excess inventory across the market.
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