On June 8, the central parity rate of RMB against the US dollar was adjusted down by 41 basis points
Samsung Electronics' foundry division is projected to become profitable as early as the third quarter of this year. This turnaround is attributed to improved yield rates and significant new orders, potentially ending a period of multi-trillion won operating losses that began in 2022. The company had previously aimed for profitability by the end of this year or early next year. AI
IMPACT Improved foundry profitability could lead to increased capacity for AI chip manufacturing.