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Samsung Electronics' Shr Price Logs 4-yr Low; Rumor: Supply of Sub-7nm AI Chips to CN Halted
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Following TSMC (TSM.US)’s lead, South Korea's Samsung Electronics is rumored to have suspended supplying 7nm and sub-7nm AI chips to Chinese clients. Although Samsung declined to respond, the company has reportedly noticed its Chinese clients that it will stop OEM for the relevant AI chips. In addition, BNK Investment & Securities analyst Lee Min-hee believed that the tariffs on Chinese imports that Donald Trump is likely to impose when he takes office as U.S. president could hit Samsung even harder, as it is more reliant on Chinese clients than its rival SK Hynix. In the meantime, SK Hynix has heightened its sales of high-end AI server chips to Nvidia (NVDA.US), a U.S. customer. Samsung Electronics today (13th) closed at KRW50,600, down 4.5%, on the downswing for four consecutive trading days, and hit a four-year low; year-to-date cumulative decline was more than 35%. AAStocks Financial News |
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