Category: Second-Quarter

Samsung’s second-quarter profit grew 23% year-over-year, thanks to strong chip demand
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Samsung’s second-quarter profit grew 23% year-over-year, thanks to strong chip demand

Samsung Electronics sounded a cautiously optimistic note in its earnings report today. The company is continuing to deal with the fallout of the COVID-19 pandemic, but its memory business was fortified by demand for DRAM chips as data centers adapted to an increase in remote work and education. Samsung Electronics will launch new models of…

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Japan Second-Quarter GDP Revision Sparks Recession Fears – CCN.com
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Japan Second-Quarter GDP Revision Sparks Recession Fears – CCN.com

Japan’s economy faces both external and internal risks as latest GDP numbers released. | Source: ShutterstockJapan’s economic expansion cooled more than initially forecast in the second quarter, revised data showed, complicating the government’s planned consumption tax hike later this year.Ironically, the long-delayed sales tax increase is expected to shrink Japan’s GDP output later this year,…

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