Intel warned that weak PC demand could persist into 2027. Its shares fell 25% in pre-market trading.
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The global memory chip crunch has handed Samsung a record $80-billion quarterly profit, the highest ever for a tech company.
The last big launch of Tim Cook’s tenure comes as memory costs push prices up and always-on agents drive demand.
Shares of memory chip-maker CXMT surged more than 500% on their Shanghai trading debut on Monday.
SK Hynix CEO Kwak Noh-jung said the global memory industry is heading for its worst-ever supply shortage in 2027.
Memory-chip maker SK Hynix on Monday overtook Samsung to become South Korea’s most valuable listed company.
SK Hynix has topped $1-trillion in market value, a day after rival Micron Technology achieved the same milestone.
The Biden administration is in talks to award more than $10-billion in subsidies to Intel, a report said.
Samsung and Micron, two of the world’s largest memory chip makers, warned that strict Covid-19 curbs in the Chinese city of Xian could disrupt chip manufacturing.
Micron Technology has not yet obtained new licences needed to sell its memory chips to China’s Huawei, which will cut its sales over the next two quarters, company executives said.