On September 14, CSOP Samsung Electronics Daily (2x) Leveraged Product fell 8.78% in regular trading, trading at 66.7 HKD/share, with turnover of approximately 16.93 million HKD.
On the news front, negotiations between Samsung Electronics and Qualcomm over 2nm process foundry cooperation remain deadlocked due to persistent pricing disagreements. The limited order volume currently under discussion has left Samsung with little incentive to offer significant price concessions, with mass production now delayed until next year. Meanwhile, Counterpoint data showed global smartphone shipments fell 21% year-over-year in the second quarter, while Qualcomm and MediaTek chip shipments each declined over 30% year-over-year, underscoring weakening fundamentals in the mobile business.
The 2nm foundry impasse follows earlier reports that Samsung had raised advanced-node foundry prices by up to 15% amid strong AI chip demand, and that its Texas Taylor fab was set for trial production by month-end with full capacity pre-booked. However, the Qualcomm contract stall and deteriorating handset market have overshadowed these positives. As a 2x daily leveraged product, the decline in Samsung Electronics shares on the Korean market was amplified accordingly.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments