samsung and sk hynix as well.he share price is rating -- trading today is good news, you are seeing production cuts come through as well, and that should help to basically normalize the supply situation in the market today. we look forward to a better second half as well. paul: we also have encouraging numbers today out of meta, microsoft, alphabet not too bad either. our valuations looking across the broader textbased to you? >> i look more at the asian equities level, generally when we look at the whole semi conductor space or tech space, what we are seeing is people are pricing and a lot of bad news and have not looked for it enough to get a longer-term perspective for the structural growth opportunities vstoxx will still be able to deliver -- these stocks will still be able to deliver. google, microsoft, meta are still continuing to spend in service, because that has implications to the asian supply chain. what we see so far is relatively better-than-expected as well, so that should give some support to the as

that's what samsung is expecting. first quarter earnings to show as memory chips sales were hammered by a global downturn. we'll have expert analysis on where global ship demand and production is headed also on the ship. india looking to massively expand as green energy generation, even as its economy is still heavily reliant on coal. with here from our correspondence, what to make of the claim. i'm chris cova. welcome to the program. samsung electronics is looking at its worst quarterly earnings in almost 15 years. the south korean tech giant saying it expects profits in the past 3 months to have plunged by more than 95 percent to $455000000.00. samsung says memory demand has dropped sharply due to the global economic downturn. chip prices have fallen by about 70 percent of the last 9 months of shoppers have been cutting back and purchases amid rising inflation. the samsung groups most important subsidiary received some support through solid smartphone sales. i'm right now by june park, she's a political economist at

all the samsung employees can submit their own idea. are selected, they are excused from their assigned work and focus only on developing their ideas. many big tech firms have seen the benefit of setting up in—house accelerators, and since c—lab started in 2012, it's supported over 500 start—ups. every year, 30 to a0 projects are chosen, and lee dayoung's was one of them... ..although she did have the help of a friend. hey, say hi. "hi." piloto is a child's smartphone companion and maybe a guardian, a friendly face with a cheeky sense of humour who meets kids on their own level. normally, kids like to talk about toileting. i yeah, i know. i've got two. they love it. that's the reason whyl we put that scenario... today, parents are using parental control apps, which means- controlling the screen time or sensing what your kid'sl watching on the screen. i wanted to give the opportunity. to control themselves on their own and develop their self—regulation skills because it's necessary- to teach how to use - the smart devices wisely. if you

brand faces stiff competition _ smart samsung, the brand faces stiff competition in _ smart samsung,ompetition in the - stiff competition in the premium segment is especially from apple. it has a good 86% in the upper $500 segment. the gap between apple and samsung in terms of global shipment has narrowed the last few years, and we see that trend continue. we expect this year from samsung is to focus more on the premium segment. in order to maintain maikel scheffers to the house of mouse is wading into legal waters. ron desantis is being sued. it is claimed that it violated its constitutional rights. the the governor criticised a law created by the florida state government. shelf lairy reports now from new york.— now from new york. yes, the escalating _ now from new york. yes, the escalating feud _ now from new york. yes, the escalating feud between - now from new york. yes, the escalating feud between one | now from new york. yes, the i escalating feud between one of america's biggest companies and a potential white house contender is now headed to court. disney filed a suit on the

we begin today with samsung electronics.t's forecasting a likely 96% plunge in first—quarter operating profits. in a preliminary earnings report, the world's largest memory chip and tv manufacturer estimated its operating profit fell to $455 million for the first three months of the year. samsung electronics is going to release its full earnings later this month. katie silver sent this report from the bbc�*s asia business hub in singapore. in its preliminary estimates, samsung says its operating profits fell by about $450 million in the january—march period this year, when compared to the same time the previous year. now demand for memory chips ramped up during covid lockdowns as consumers bought new electronics to use at home — think new phones, computers, those expensive smart washing machines — all of those use a lot of chips. but with fears of an economic recession looming, consumers are buying fewer tech devices, reducing demand for chips and, as a result, the companies that make these goods are just using the inventory

we expect this year from samsung is to focus more on the premium segment.f mouse is wading into legal waters. dysney is suing the governor of florida ron desantis. the company claims that mr desantis and his officials violated its constitutional rights. the media giant says the governor has waged a campaign of retaliation against disney after it criticised a law promoted by the florida state government. the bbc�*s north america busines correspondent michelle fleury reports now from new york. yes, the escalating feud between one of america's biggest companies and a potential white house contender is now headed to court. disney filed its suit on the same day that officials appointed by governor ron desantis voted to block development plans for the florida theme park. the entertainment giant claims it is a victim of a relentless campaign to weaponise government power against disney. a spokesman for mr desantis dismissed disney's lawsuit as an attempt to undermine the will of the voters in his state. this battle started last year, after the firm spoke out again

samsung's largest memory chip maker when prices -- samsung keeps powering on and causes the others touffer more pain than it can usually stomach much better. this time it is saying no, we are going to slow production and help out the pricing environment. that is a seismic shift and goes counter to what has happened in the past. we are seeing micron stock react positively. the ceo is saying please, everybody needs to cut back. we need to be rational and that is happening. kriti: put that into perspective in terms of the readthrough for the american chipmakers, from a stock market perspective, even though there are nuances to the types of chips, it feels some perp your best simple. samsung is cutting production and certain members are rising in the stock market, some falling. what is the readthrough to the u.s.? ian: there are very few memory chipmakers left. this used to be dominated by the u.s. and now you have only got micron and a little of western digital. the stocks are performing well today. for the rest, it does not mean much because they got forced out of the memory chip market

you will have some adoption with consumer, i imagine samsung will take this carefully. they want to sell more phones. they don't want a world where they shift -- shift a device with being --bing and they sell fewer phones. samsung is the biggest hardware partner in the android world and they have a working with google for a long time and google provides android for free which is not just search but the play store and all the sweet of apps that make the android phone work. google has her own pickle phone -- their own pixel phone and that has struggled to become a sink -- a serious contender. we understand why google has been plowing billions of dollars into that for a scenario like this. caroline: the irony is that we all associated the world of artificial intelligence with google, the focus of the mind -- the weight in which they approach language models. what do you make of that pitch taking to the airways over the weekend and how he spoke to people feeling they are behind on the race? mark: it is interesting. going to 60 minutes, to middle america, telling the world t

that's a good point for samsung. also, samsung has done well in india.became the number one smartphone vendor in india as a shift to premium in india and samsung has been able to take hold of that some positives there that has shored up the performance. >> you mentioned something earlier by caught my attention the hot topic. the a.i. impact on so many industries chip makers stand to benefit nvidia has performed well this year what are some other chip maker names which stand to benefit from the interest in a.i. technology right now >> i think it is across the board. you mentioned nvidia and samsung. all of the chip makers will become involved in this and qualcomm will be active in that space. i don't think it is a case of one more particularly than the other. the interest is growing and exponentially growing. that is something everyone will want to be part of >> we will leave it there. jan, thank you >>> now switching over to some european news for you. former italian prime minister silvio berlusconi is in the hospital in intensive care he has been a loom

all the samsung employees can submit their own idea.e excused from their assigned work and focus only on developing their ideas. many big tech firms have seen the benefit of setting up in—house accelerators and since c—lab started in 2012, it's supported over 500 start—ups. every year, 30—a0 projects are chosen, and lee dayoung's was one of them — although she did have the help of a friend. hey, say hi. "hi." piloto is a child's smartphone companion and maybe a guardian. a friendly face with a cheeky sense of humour who meets kids on their own level. normally, kids like to talk about toileting. yeah, i know — i've got two, they love it. that's the reason why we put that scenario. today, parents are using parental control apps, which means controlling the screen time or sensing what your kid's watching on the screen. i wanted to give the opportunity to control themselves on their own and develop their self—regulation skills, because it's necessary to teach how to use the smart devices wisely. if you smile, it also smiles. chuckles. among

that's what samsung is expecting. first quarter earnings to show as memory, chip sales were hammered by a global downturn. we'll have expert analysis on where global ship demand and production is headed. also on the ship. india is looking to massively expand as green energy generation, even as its economy is still heavily reliant on coal. we'll hear from our correspondence what to make of the claim. i'm chris kolber. welcome to the program . samsung electronics is looking at its worst quarterly earnings in almost 15 years . the south korean tech jain saying it expects profits in the past 3 months to have plunged by more than 95 percent to $455000000.00. samsung says, memory demand has dropped sharply due to the global economic downturn. chip prices have fallen by about 70 percent of the last 9 months as shoppers have been cutting back and purchases a med rising inflation. the samsung groups most important subsidiary, received some support through solid smartphone sales. i'm right now by june park. she's a political ec

all the samsung employees can submit their own idea.are excused from their assigned work and focus only on developing their ideas. many big tech firms have seen the benefit of setting up in—house accelerators and since c—lab started in 2012, it's supported over 500 start—ups. every year, 30—a0 projects are chosen, and lee dayoung's was one of them — although she did have the help of a friend. hey, say hi. "hi." piloto is a child's smartphone companion and maybe a guardian. a friendly face with a cheeky sense of humour who meets kids on their own level. normally, kids like to talk about toileting. yeah, i know — i've got two, they love it. that's the reason why we put that scenario. today, parents are using parental control apps, which means controlling the screen time or sensing what your kid's watching on the screen. i wanted to give the opportunity to control themselves on their own and develop their self—regulation skills, because it's necessary to teach how to use the smart devices wisely. if you smile, it also smiles. chuckles. amo

year after the departure of some foreign companies, for example, long-term industry leader apple samsungost its market share , chinese brands came out on top, while domestic smartphone manufacturers also became more active as the industry responds to an incoming call. watch once after the advertisement in a special report by alena logvinova. the market has everything you love up to 20% discount on chilled chicken from the sbermarket meter. book profitably more luxurious views and bold styles more energy and metropolitan pace more opportunities for business and for yourself more knowledge and smart technologies more square meters and parks kilometers , buckwheat 89.99. investing in sberbank online maybe buy shares or invest in real estate, or maybe salute where to start investing thinking about what to invest in? products and participate in the draw. sesame bun hmm two cutlets with onions special sauce cheese, lettuce and cucumbers the legendary look this big hit you had such that paying online made you remember where your card is now with a button, st. petersburg it doesn’t matter where

and the total share of apple samsung has recently decreased by forty-five to thirty percent, the mainf the year was the departure of a number of western brands, for example, in march 2022 , apple stopped shipments, gradually removed its employees from russia and, as a result , the office was physically closed for sales of brands fell almost 4 times by blocking the pp and absence. putting bank apps under the sanctions of exclusion of paid apps from the appstore creates inconvenience for consumers. however, retailers continue to purchase new models. using parallel imports, with regard to warranty service, the store itself takes on one of the key advantages of buying smartphones from suppliers of official off-axis markets, just lies in the fact that we take on this function, including for apple and according to samsung and in the event of a warranty cases. in our case, you can contact beeline and you will not have to solve this problem on your own and repair the phone yourself, so everyone. a well-known giant began to have problems with sales around the world in the fall. a few weeks aft

you mentioned apple them in our samsung doing any better or worse than their competitors overall? well, i think that we are, and us mom, the industry level. and i think that, you know, samsung is a chip maker and with the chip shortage, we're apple isn't, you know, they're, they're feeling it more than most i, i think that's fair to say. how does this relate then to the supply microchips? i'm at one point there seem to be a shortage. has this turned around? well, so the shortage is still an issue. i think that what we're seeing is that the prices are gradually coming down. but there are sectors like automotive or it's still a problem. but we were enjoying a bubble for the last several quarters, and the bubble has burst. you mentioned, you can see him as being a bit more careful about what they spend, perhaps hanging on to the handsets a bit longer, for example. so where is this all heading? well, i think it's fair to say that samsung and apple are to a degree, a victim of their own success. i mean, smartphones are more expensive than they've ever been, but they're also lasting lon

samsung has a stable area in terms of global shipments., especially from apple, apple has got a 66% share in the market. and what is noteworthy is that the gap between apple and samsung is also global and narrow the last few years. we see that, what we expect this year from samsung is to focus more on this segment. they will have more in the premium segment in order to maintain their market share. staying with big tech, microsoft's 68.7—billion—dollar deal to buy us video game company activision blizzard has been blocked in the uk by the competition and markets authority. the proposed takeover would see microsoft acquire such hit titles as call of duty and candy crush. but the regulator said it was concerned the deal would offer reduced innovation and less choice for gamers in the fast—growing cloud gaming business. microsoft and activision hit out at the decision and said they would appeal. let's turn to washing now because republicans in the us the house of mouse wading into legal waters — disney is suing the governor of florida ron de s

and samsung is switching from google to the microsoft—owned bing as the default search engine on itsave a huge impact on google's margins. it is notjust about google's contract with samsung, which according to the report is worth about $3 billion, but it is about eyeballs. google for decades has been the dominant search engine with about 80% market share. that brings in huge advertising revenues. this market movement really shows that wall street is afraid that those revenue streams are under threat. they fear that google is falling behind to microsoft when it comes to integrating and developing artificial intelligence. microsoft has, of course, successfully integrated some features of its chat ai bot, chatgpt, and google investors are afraid that google's market dominance is coming under threat from that. now to india, where rajasthan has became the first state to make healthcare a right last month. however, the plan ran into stiff opposition from private doctors, highlighting some of the issues healthcare reform faces in the country. nikhil inamdar reports. salim is suffering from

and micron, a huge gain on a big move over at samsung we'll explain it all in tech check. and shares of pioneer natural resources are soaring on reports exxon is interesting in a buyout they're up 6% while exxon's only fractionally lower we'll get our traders' take on that coming. you tomorrow women in wealth a cnbc your money event featuring personal finance expert suze orman,nba ar wst brianna stewart. we'll be right back. hi ladies! alex from u.s. bank! can she help? how about a comprehensive point of sale system... that can track inventory, manage schedules- and customize orders? that's what u.s. bank business essentials is for. (oven explosion) what about a new oven, can u.s. bank help us there? we can serve loans in as fast as 12 minutes. that would be a big help! huge! jumbo! ginormous! woo! -woo! finding ways to make your business boom. that's what u.s. bank is for. we'll get there together. asking the right question can greatly impact your future. - are, are you qualified to do this? - what? - especially when it comes to your finances. - are you a certified financ

and here's a look at our top story. samsung electronics is looking at its worst quarterly earnings in almost 15 years, saying it expects operating profit stuff launched by more than 95 percent. future sluggish global demand for memory chips. and that wraps up our show on per se cobra and berlin. thanks for watching. enjoy your weekend was making the headlines and what's behind them. dw news africa, the show that faculty issues have been the continent. life is slowly getting back to normally where the streams to give you enough report. i'm the inside of our cars. funding is on the ground and reporting from across the continent and all the trends doesn't matter to you. next on d, w, go india. the waste from this crop is a major source of pollution, but it can become a solution. because this entrepreneur is turning it into eco 20 brick with lots of benefit to they are cheaper than they provide better insulation. they capture carbon dioxide, eco, 60 minutes on d, w. a thought they were great, it will be with this is did of the news africa coming up on a program? not everyone can conceive

the deal between google and samsung is up soon. bing has seen a surge of interest since it launched chatbox with. google is working to get one by fall. they paid billions for years to phone manufacturers to be the default search engines. >>> fighting back against factory farms without giving up meat. it's happening in silicon valley right now. business and tech reporter scott budman. we're not talking about meatless style burgers. soy and vegan, this is meat based and you tasted it. >> it is cell based. i tasted it in the kitchen and we checked it out in the lab. eat just from the bay area is working on environmentally friendly way to create meat in the lab. you can eat chicken, beef and pork without any animals being harmed. if you love chicken, chef tindel can prepare it any number of ways. if you don't eat meat, here inside the alameda headquarters of eat just, they've got a solution. it's real, humane and better for the planet. >> real animal meat, not soy, wheat protein, but animal meat made without the need to slaughter an an

all the samsung employees can submit their own idea.s was one of them — although she did have the help of a friend. hey, say hi. "hlh piloto is a child's smartphone companion and maybe a guardian. a friendly face with a cheeky sense of humour who meets kids on their own level. normally, kids like to talk about toileting. yeah, i know — i've got two, they love it. that's the reason why we put that scenario. today, parents are using parental control apps, which means controlling the screen time or sensing what your kid's watching on the screen. i wanted to give the opportunity to control themselves on their own and develop their self—regulation skills, because it's necessary to teach how to use the smart devices wisely. if you smile, it also smiles. chuckles. amongst other things, piloto uses the phone's camera to teach good screen technique... piloto: distance, please, spencer. l ..and its gyroscopes to teach good posture. sit up straight! blimey! and by learning to care about piloto's teeth, kids might also learn to do the same for thei

samsung like everybody else will be cutting chip production.is not just affecting samsung but micron in boise, idaho, another memory chipmaker, 15% of their workforce and thousands of jobs when it comes to memory chips, luckily for samsung, their premium galaxy smart phones, pretty strong solid sales to end last year in the holiday shopping period so they have hardware to offset their chip glut. ashley: what is this about pepsico using anti-technology? susan: everyone is using it. think of a high-tech industry using artificial intelligence to track consumer demand and speed up product development. we call this predictive modeling when it comes to ai, artificial intelligence has been fantastic for that, hundreds of millions of dollars every year to beef up their ai tech so pepsi was using ai to sweep social media posts to track what pepsi drinkers and chinos eaters wanted and that included a new immunity water brand which is on the shelves at 6 months later. new tech, pepsico was the first buyer of has lapsed electric semis which they took contr

as long as samsung is pumping them out, it's hard. i felt samsung didn't play fair. a lot of times when you get a company like samsung, they're not looking at gross marchgmarg. they're looking to hire people if they don't care about m markets and pcs are down 37%, you're never going to get a bot >> apple down 40, dell down 30 hp looked good >> yeah, but down. samsung was not considering the sales. they were making the same amount whether sales wiere up if micron doesn't have the gross margin problem, then you're at the beginning of another big move of micron and you should buy it a lot of people are saying this thing is dead in the water this stock has a history of finishing last in the s&p or at the top. we just had last if you get glut's over, boom buy micron on this level we wish we did >> good call we'll talk more about chips in the framework of the broader tech rally going on. opening bell coming up >>> you can catch us any time, anywhere, listen to and follow the s"squawk on the street" opening bell podcast ♪♪ alex! mateo, hey how's business? great. you know th

y para adrián... su samsung galaxy 2015. lily, thoughts?. bienvenido a autozone. ¿en qué estás trabajando hoy? vengo a recoger los frenos duralast que ordené esta mañana. ♪ listo. ya tienes todo. guau. qué fácil. ♪get in the zone, autozone♪ maity: un video muestra el derrumbe de un edificio sobre una carretera en tijuana, mÉxico. trabajadores de emergencia se ven al borde de la carretera momentos antes del desplome de la estructura, provocando gigantescas columnas de humo. es el segundo edificio que se derrumbe en la zona tras un movimiento de tierras. "el leÓn" en perÚ cinco personas murieron cuando el autobÚs en el que viajaba cayÓ a un precipicio. varios equipos de emergencia rescataron los cuerpos de las vÍctimas y llevaron hospitales cercanos a 12 de los 25 sobrevivientes. maity: tras su separaciÓn de shakira, el futbolista gerard piquÉ se convirtiÓ en el leÓn: el consejo de nashville aprobÓ la admitir en la legislatura de tennessee a este legislador demÓcrata que habÍa sido expulsado por legisladores republicanos tras haber protestado

shares in alphabet fall sharply, after reports samsung is set to switch to microsoft's search enginen its phones. and the right to health. how rajahstan plans to give free healthcare for all despite fierce opposition. let's start in china, where the latest figures just released show the world's second largest economy grew faster than expected in the first three months of the year at 4.5%. this is the first set of quarterly gdp figures following the end of strict covid—19 restrictions in december. they also follow the easing of a three—year crackdown on tech firms and property. lets get reaction from julian evans—pritchard, head of china economics at capital economics. this is better than expected. most people are saying we're looking at 4% growth, give us your take on this number? really the strength is all about the consumer centre, we saw the vigors beads on the retail sales numbers are more generally in qrs or the household savings rates, so households are feeling more comfortable,— households are feeling more comfortable, spinning again, they have — comfortable, spinning again, t

at the back of this new york times report that says samsung electronics is considering switching theh engine on its devices from google to bing and we must say as well that google makes a huge amount of money by being the default search engine. it pays apple and samsung about $23 billion for the privilege and it makes many more billion dollars on top of that. google has been the dominant player when it comes to search for decades, it accounts for about 80% of the search engine market, makes about $160 billion and one of its smaller rivals has been bing which for a long time really hasn't made any waves but earlier this year we heard that microsoft was going to be ploughing billions of dollars into chat gpt and that that was going to vastly improve the quality of bing. the question now is does google have the time in the money to catch up or has it perhaps missed the boat with white thanks for your thought. in the us political and economic tensions are growing again, this time with the us house of representatives kevin mccarthy criticising president biden for what he called reckless s

billion paying samsung to be the default search engine does microsoft want to pay apple $20 billion to be the default search engine. >> these are those so-called tax. traffic acquisition costs. that means -- google pays mozilla, firefox web browser, tons of money to be the search engine pays apple again reportedly $20 billion a year microsoft is not a search company. do they have $20 billion to spare every year google needs it. they need iphone users to be searching google and not somewhere else even if someone wants to switch over whether or not they have the money to do it is the question. >> i mean from a competitive point of view, if i were microsoft i would spend more than $20 billion to get my competitor right there commenting on, that as you mentioned, you know, google had the a.i. technology, but they don't have the consumer product chatgpt is the consumer product. they offer plug-in with things, you can do neat -- clearly what started as not a consumer oriented company is becoming one and that benefits microsoft because they have a share in them how else as they continue to

it was flagged earlier this month when samsung released its preliminary earnings, and indeed, it came had its worst quarter in terms of profit in ia years. now, in part it's because demand for chips plummeted. after the semiconductor shortage which rocked many industries, companies around the world race to buy up all the stock. that has led to a chip flood with many having too much inventory which has hit demand. what's more, as fears of economic recession looms, demand for cheap heavy tech devices like mobile phones and computers and even smart cars is also down. and what this has meant is that chip prices have plummeted, and production has been cut across the sector, including at samsung which is very rare. still, the world's biggest chip—maker says it's not all doom and gloom. while it's not expecting a recovery this quarter, it says by the second half of this year, customers will have run out of their stock and will be buying chips again. disney is suing the governor of florida, ron de santis. disney claims the governor and his officials have violated its constitutional rights by

the world's biggest ship make a samsung as joint its competitors. in cutting production, the company has flagged a 96 percent reduction in costly operating profit, the lowest in 14 years. the chip biggest decision is a rare move after resisting pressure to reduce production. just last month, samsung announced that it plans to invest billions of dollars over 20 years to develop a mega said he conduct a hub in south korea. joining us from seattle city in washington state is alex care, pre research fellow at behind. rick, foundation and lecturer at the n u. s. business. cool. good to have you with us, alex. what do you make of samsung's announcement? how significant is it? well, it's very important because it reflects much broader trends and you mentioned them in your introduction and, and that is that a cove id a really produced to search and demand because of the demand for extra laptops and, and cell phones and wireless technology and so forth. and as we come out of the, the, the coven stretch in the global economy, we are seeing that, that demand h

he says samsung's losses are a result of a post cove with hang over times are tough, inflation is high, but i also think that this was fairly expected. um, we're in a post cupboard hang over where a lot of people had bought an equipment for a home office and remote work, and now they're not buying it. so i, you know, apple's having the same problem selling macbooks. so wow, it is a shocking number. i would say this was actually somewhat expected samsung and apple r to a degree, a victim of their own success. i mean, smartphones are more expensive than they've ever been, but they're also lasting longer than they've ever been davis how. and so i think that you know, the replacement cycle and all that his, his completely changed compared to 10 years ago. so i think that we are looking at a brave new world in terms of how consumers a purchase consumer devices and, and how often they can purchase consumer devices. if we look at the long term demand for semiconductors, for smart devices, it continues to go up and up and up in it and it will for the next 10 to 20 years easily. so i think that

the world's biggest ship make a samsung as joint its competitors. in cutting production, the company has flagged a 96 percent reduction in costly operating profit, the lowest in 14 years. the chip biggest decision is a rare move after resisting pressure to reduce production. just last month. samsung announced that it plans to invest billions of dollars over 20 years to develop a mega semi conductor hub in south korea. joining us from seattle city in washington state is alex care, pre research fellow at the heinrich foundation and lecturer at the n u. s. business . cool. good to have you with us, alex. what do you make of samsung's announcement? how significant is it? well, e, it's very important because it reflects much broader trends and you mentioned them in your introduction and, and that is that a cove id a really produced a surgeon demand because of the demand for extra laptops and, and cell phones and wireless technology and so forth. and as we come out of the, that the coven stretch in the global economy, we are seeing that, that demand has g

jessica washington, samsung electronics says, reported it's worth quarterly profits in 14 years. down 95 percent from a year earlier, the south korean company says consumers spending last due to economic come certainty. it's also blaming the global downturn in semiconductor purchases. samsung is the world's largest manufacturer of memory chips. they used and everything from computers to smartphones. mach einstein is a telecom and digital enlist with ya, cooperation as a research and advisory firm, he says, samsung's losses are a post cobit hang over. times are tough, inflation is high, but i also think that this was fairly expected. um, we're in a post cupboard hang over where a lot of people had bought a equipment for a home office and remote work, and now they're not buying it. so i, you know, apple's having the same problem selling macbook so wow, it is a shocking number. i would say this was actually somewhat expected samsung, an apple r to a degree, a victim of their own success. i mean, smartphones are more expensive than they've ever been, but they're also lasting longer t

so glut samsung is cutting production of semiconductors. of the profits plunged by 96 percent plus by cheerios. cash crunch is slowly easing the government's attempt to promote a cashless society as her businesses and the economy. ah, the many ac as the world bank says that its main goals have been to fight poverty and promote global prosperity. but now a growing number of world leaders are pushing for what they call a 21st century. oh, the whole of the institution to address global warming that's being led by the leader of one of the world's smallest nations, the prime minister of barbados, b. a. mostly. the job of leading that reform is now almost sucking to full to ha banga. he's the 1st indian bull nominee to the role of world bank president. banga is currently serving as vice chairman of the private equity firm. general atlantic way sits on the advisory board of its 3 and a half $1000000000.00 climate fund. he has more than 30 years of business experience having served in various roles at mastercard and the boards of the american red c

samsu samsung gets to be a few billion a year the notion there's a better alternative out there gives more leverage to companies like s samsung and apple to negotiate better terms or google risks losing position to microsoft that means more upside for the platforms and more costs for google it's still early google has said it plans to integrate bard into google search and if it can pull that off, it may be able to stave off its dominance in search. >> steve, you used the word scramble is that your word or is that a word from "the new york times" it reminds me of when they were scrambling to get bard and launch that. >> it's the same scramble. it reminded me of whatwe heard several months ago when everyone was talking about chatgpt and sergei and larry, the founders of the company had to come in and say, we need to get on this. that's part of the scramble. >> steve, thank you. >> you got it. >> steve kovach. karen, you watched the interview on "60 minutes." how much of that is part of this move lower >> it wasn't great i mean, i also was wondering, you know, just the way the bard intro

samsung had a flash tip well below the cost of production.d last week and they cut back their production dramatically. samsung is not overshooting its market and putting the zone. both micron and western digital, which also makes memory storage have soaring starks. 8% today. i don't think it is anywhere near what can happen. there is much more gave ahead for m you. they have been selling chips below the cost of production. now they have got to try to run a business like every other problem. it is not profitable. when it comes to flash, there's only three large fire, samsung, micron and -- the latter is a price follower, not a leader this industry can be profitable again. we know from personal computer execs that the decline in demand at this point is unsustainable. there are cycles in the pc cycle for phones. we looked at the cycle of cheap computers for our home office during covid. if samsung cuts back production like it says is doing, i think there will be a third quarter upside surprise in insured, not a fourth but a third. you have to bu

"the times" this morning reports that samsung had considered replacing google with microsoft-owned bings the default search engine on its devices. meantime, pichay on "60 minutes" last night talking about the risks of a.i >> it will be possible with a.i. to create, you know, a video easily where it could be scott saying something or me saying something and we never said that, and it could look accurate, but you know, at a societal scale, it can cause a lot of harm. >> "times" says that samsung news, though, really jolted the executives within alphabet >> and that's why the stock is down >> yeah. >> bing. >> at least appears to be down the idea that bing could replace as the default search engine on samsung devices. >> that was shattering >> if it were to be the case -- now, obviously, "the times" reporting they're working on an entirely new search platform driven by this a.i we had pointed out many times that alphabet, despite all the years they spent, how could they be behind? or at least appear to be behind? it's not clear their technology is behind, but their commercialization and ge

samsung adding a bit to the kospi.e annual guidance for memory trips and blends economic uncertainties -- blames economic uncertainties for that. it posted record losses for the division nearly $3.5 billion in net income lower than anticipated that a little over $1 billion. samsung sees demand for storage components improving only gradually with the recovery in smartphones and displays in the second half and they are expecting china to drive that. having a look at meta-, facebook owner, shares surging after the company reported first-quarter revenue that exceeded estimates and signaled recovery and digital advertising, as sales are rising to almost $29 billion, return to growth after three straight quarters of declines as the social media company sees its revenue in the current quarter as much as $32 billion in the previous average estimate was $29.5 billion. united overseas bank out with better profits in the first quarter. it was rising lending coverage that drove that. it is the third biggest lender and southeast as

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