It came as a “surprise” that China has decided to ban $Micron Technology(MU)$ chips from being imported into China, citing the “US often used alibi” of “national security” as the reason. This came about after a security review conducted by the Cyberspace Administration of China. The ban is on operators of “critical information infrastructure” in China from buying products from the US chip giant. China’s Top Semiconductor Chip Supplier: $Intel(INTC)$ Samsung SK Hynix Micron Technology - it is the 4th largest supplier of chips to the Chinese market. $Qualcomm(QCOM)$ What Is Unknown? With the announcement coming out of the blue, there are still many unknows: Duration
Since the doubling of capacity and historic high profits in the super-strong 2023 fiscal year (ending March 31, 2023), $SINGAPORE AIRLINES LTD(C6L.SI)$ stock price has risen more than 7% in the five trading days after the financial report released, reaching a new high since the pandemic low point in 2020. A recovery of Covid-19FY23 (April 2022 to March 2023) SIA record revenue of SGD17.78 billion, a YoY increase of 133%; operating profit of SGD2.69 billion, an increase of SGD3.3 billion YoY; net profit of SGD2.16 billion, an increase of SGD3.12 billion YoY.Total expenses were SGD15.01 billion, with fuel costs increasing by 147% YoY due to rising oil prices to reach SGD5.96 billion; however, excellent hedging transactions won back SGD750 million
It came as a “surprise” that China has decided to ban $Micron Technology(MU)$ chips from being imported into China, citing the “US often used alibi” of “national security” as the reason. This came about after a security review conducted by the Cyberspace Administration of China. The ban is on operators of “critical information infrastructure” in China from buying products from the US chip giant. China’s Top Semiconductor Chip Supplier: $Intel(INTC)$ Samsung SK Hynix Micron Technology - it is the 4th largest supplier of chips to the Chinese market. $Qualcomm(QCOM)$ What Is Unknown? With the announcement coming out of the blue, there are still many unknows: Duration