Hermetic Packaging Market Expected to Show Significant Profit by 2028. Asia Pacific Region Will Dominate the Market Scenario

Surging demand for packaging materials in military and defense owing to highly advanced chip feature is the prime driving factor.

DUBAI, UAE / ACCESSWIRE / October 13, 2020 / Future Market Insights, Dubai: The hermetic packaging market is expected to rise at a considerable CAGR due to rising needs of consumer electronics. Due to the increment in need for convenient packaging solutions in electronics or military and defense sector, demand is gaining popularity in the market. Asia-Pacific market is likely to witness a surge in production and consumption with presentation of incremental opportunities through 2028.

“Availability of wide range of advanced chip and technologies and higher preference for sustainable packaging solutions across the world, has surged the demand for hermetic packaging. Different end-use industry relies on it to gather proper information about the products and use of it has also helped the manufacturers get an insight about the kind of

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Samsung Elec profit likely at 2-year high after Huawei chip orders, phone recovery

By Joyce Lee and Hyunjoo Jin

SEOUL (Reuters) – Samsung Electronics Co Ltd’s third-quarter profit likely jumped 58% to its highest in two years, beating estimates from analysts who pinned the rise on smartphone sales recovery and a rush order of chips from Huawei Technologies Co Ltd.

The South Korean tech giant said on Thursday operating profit was likely 12.3 trillion won ($10.6 billion) for the three months ended September. That compared with a Refinitiv SmartEstimate of 10.5 trillion won and would be the highest since the 17.57 trillion won of the third quarter of 2018.

Revenue likely rose 6% from the same period a year earlier to 66 trillion won, the company said.

Samsung released only limited data in Thursday’s regulatory filing ahead of the release of detailed earnings figures later this month.

“It seems Huawei’s impact on Samsung’s chip business was bigger than the market expected, and there

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Samsung Flags Near-60% Operating Profit Jump After Huawei Boost

Samsung Electronics flagged a leap of nearly 60 percent in third-quarter operating profits Thursday, as its mobile and chip business were boosted by US sanctions against its Chinese rival Huawei.

The South Korean tech giant said in an earnings estimate that it expected operating profit to reach 12.3 trillion won ($10.6 billion) for July to September, up from 7.8 trillion won in the same period last year.

The prediction would represent the firm’s biggest operating profit of any quarter for two years and was also ahead of analyst forecasts.

Samsung Electronics is crucial to South Korea’s economic health. It is the flagship subsidiary of the giant Samsung group, by far the largest of the family-controlled conglomerates known as chaebols that dominate business in the world’s 12th-largest economy.

Its overall turnover is equivalent to a fifth of the country’s gross domestic product.

James Kang, senior analyst at Euromonitor International Korea, said

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PREVIEW-Samsung likely to post 35% surge in Q3 profit as smartphone sales recover

By Joyce Lee

SEOUL, Oct 7 (Reuters)Samsung Electronics Co Ltd’s 005930.KS September-quarter profit likely surged more than a third, fuelled by strong smartphone sales and a rush order of memory chips from Huawei Technologies Co Ltd HWT.UL, analysts said.

Samsung, the world’s biggest memory chip supplier, is scheduled to announce preliminary July-September operating profit and revenue on Thursday.

Profit likely rose 35% to 10.5 trillion won ($9.07 billion) from the same period a year earlier, according to Refinitiv SmartEstimate, derived from analyst estimates weighted toward those more consistently accurate. Revenue likely rose 3%.

While Samsung’s overall chip business was muted, analysts said orders from Chinese smartphone maker Huawei likely propped up sales. Huawei is likely to have built stockpiles before U.S. sanctions from mid-September prevented it from buying chips made using U.S. technology without a license, analysts said.

Last year Samsung’s chip business accounted for roughly

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Samsung likely to post 35% surge in third-quarter profit as smartphone sales recover

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By Joyce Lee



a person holding a sign: FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul


© Reuters/KIM HONG-JI
FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul

SEOUL (Reuters) – Samsung Electronics Co Ltd’s September-quarter profit likely surged more than a third, fuelled by strong smartphone sales and a rush order of memory chips from Huawei Technologies Co Ltd [HWT.UL], analysts said.

Samsung, the world’s biggest memory chip supplier, is scheduled to announce preliminary July-September operating profit and revenue on Thursday.

Profit likely rose 35% to 10.5 trillion won (£7.04 billion) from the same period a year earlier, according to Refinitiv SmartEstimate, derived from analyst estimates weighted toward those more consistently accurate. Revenue likely rose 3%.

While Samsung’s overall chip business was muted, analysts said orders from Chinese smartphone maker Huawei likely propped up sales.

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Samsung likely to post 35per cent surge in third-quarter profit as smartphone sales recover

Samsung Electronics Co Ltd’s September-quarter profit likely surged more than a third, fuelled by strong smartphone sales and a rush order of memory chips from Huawei Technologies Co Ltd, analysts said.

FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul

FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul. Picture taken January 7, 2019. REUTERS/Kim Hong-Ji/File Photo

SEOUL: Samsung Electronics Co Ltd’s September-quarter profit likely surged more than a third, fuelled by strong smartphone sales and a rush order of memory chips from Huawei Technologies Co Ltd, analysts said.

Samsung, the world’s biggest memory chip supplier, is scheduled to announce preliminary July-September operating profit and revenue on Thursday.

Profit likely rose 35per cent to 10.5 trillion won (US$9.07 billion) from the same period a year earlier, according to Refinitiv SmartEstimate, derived from analyst estimates weighted toward those more consistently

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Vedanta’s Profit Tumbles as India Lockdown Hurts Output, Demand

(Bloomberg) — Billionaire Anil Agarwal’s Indian commodities conglomerate Vedanta Ltd. posted a 23.5% drop in quarterly profit as one of the world’s strictest lockdowns hit production and demand.



a man walking down a street next to a river: Police officers walk along an empty road during a lockdown imposed due to the coronavirus in Mumbai, India, on Monday, June 1, 2020. Despite a strict two-month-long lockdown, the outbreak in India’s financial capital has snowballed, with the city now accounting for nearly a quarter of India’s more than 4,700 deaths and more a fifth of India’s over 165,000 infections.


© Bloomberg
Police officers walk along an empty road during a lockdown imposed due to the coronavirus in Mumbai, India, on Monday, June 1, 2020. Despite a strict two-month-long lockdown, the outbreak in India’s financial capital has snowballed, with the city now accounting for nearly a quarter of India’s more than 4,700 deaths and more a fifth of India’s over 165,000 infections.

Group net income slumped to 10.33 billion rupees ($141 million) in the three months to June from 13.51 billion rupees a year earlier, the company said in a statement late Saturday. Sales fell 25.9% to 156.87 billion rupees.

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Key Insights

Vedanta’s main businesses include zinc, aluminum and oil and gas, all of which have been hit by a

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Alibaba Expects First Profit From its Cloud Arm This Year

(Bloomberg) — Alibaba Group Holding Ltd. foresees its cloud services arm turning profitable for the first time this year, a milestone for the decade-old business that underscores how Asia’s largest corporation expects a return to pre-pandemic levels as China’s economy rebounds.

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Alibaba’s shares rose as much as 4% in Hong Kong, their biggest intraday gain in over a month. Its internet computing business is growing roughly 60% at an annual revenue run rate of about $7 billion, Chief Financial Officer Maggie Wu told investors at an annual company conference. The unit should turn profitable in the year ending March, she said.

Cainiao, the logistics service Alibaba folded fully into its broader empire in 2017, should generate positive cash-flow on an operating basis over the same period, she added.

China’s most valuable corporation has invested billions in hosting computing for corporations over the cloud, while building a nationwide logistics

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