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Will Biden kill Samsung?

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Samsung is already struggling with micro chip supply issues. Will Biden make the problem worse?

 
A chip glut continues to drive large losses in Samsung business despite supply cuts, as its June-quarter profits are expected to slump 96% year-on-year to the lowest in more than 14 years.

The world’s largest manufacturer of memory chips, smartphones and TVs likely lost 555 billion won ($427 million) in the April-June period.

In that case, Samsung Electronics would report its lowest profit since the fourth quarter of 2008, when it reported an operating loss of approximately 740 billion won. In the April-June quarter of last year, the operating profit was 14.1 trillion won.

Despite lower memory chip prices and lower inventory values, its chip division, traditionally its biggest earner, likely reported quarterly losses of around 3 trillion to 4 trillion won.

President Biden is looking to bring greater chip manufacturing to the U.S. which could further disrupt supply chains for the South Korean company. #samsung #micro chips #biden #featured

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The integral step to entering the property market

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In the debate surrounding housing affordability, a divergence emerges between media portrayals and stark realities. While the crisis is often depicted as insurmountable, critics argue that individuals tend to blame external factors rather than taking personal responsibility.

Despite challenges, advocates urge a shift from despair to possibility, emphasizing personal agency and proactive pursuit of homeownership goals. Thus, while acknowledging the hurdles, reframing the discourse empowers individuals to navigate the housing market with resilience and determination, making the dream of owning a home a tangible reality for those willing to seize it. #Trending #Featured

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LA real estate agent reveals the secret to success

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What does it take to be a top performing real estate agent?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark delves into the fast paced world of LA luxury real estate with renowned agent, Glen Coutinho from Rodeo Realty Beverly Hills. #wyld money #trending

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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