
Samsung Electronics Q2 profit likely to drop 39% on weak AI chip sales
Its key rivals, SK Hynix and Micron, have benefited from robust demand for memory chips needed for AI, but Samsung's gains have been subdued as it relies on the China market, where sales of advanced chips have been restricted by the US. Its efforts to get the latest version of its HBM chips to Nvidia certified by Nvidia are also moving slowly, analysts said.

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Time of India
an hour ago
- Time of India
Donald Trump says more tariff letters coming! US President warns no extension on August 1 deadline; ‘there has been no change…'
US President Donald Trump on Tuesday firmly declared that sweeping new tariffs on foreign imports will come into effect from August 1, 2025, warning that no further extensions will be granted. Taking to his Truth Social platform, Trump wrote, "As per letters sent to various countries yesterday, in addition to letters that will be sent today, tomorrow, and for the next short period of time, TARIFFS WILL START BEING PAID ON AUGUST 1, 2025." "There has been no change to this date, and there will be no change." He added that all payments would be due starting August 1, 2025, with no extensions to be considered. 'Thank you for your attention to this matter,' he concluded. This latest statement sharply contradicts Trump's earlier comments when he had suggested the deadline was 'firm, but not 100 percent firm,' leaving some room for last-minute negotiations. US treasury secretary Scott Bessent had previously said the tariffs would not take effect until August 1, in an effort to allow more time for negotiations. Earlier on Sunday, while boarding Air Force One, Trump had told reporters he planned to send out '12, could be 15' letters the following day to countries across the globe. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo Hours later, he confirmed via Truth Social that the letters would begin going out from 12:00 p.m. (Eastern) on Monday, July 7. The letters, addressed to more than a dozen nations including Japan, South Korea, Indonesia, Bangladesh, Thailand, South Africa and Malaysia, outline tariffs ranging from 25% to 40%, unless trade deals are reached before the August 1 deadline. Japan and South Korea, both key US trading partners, have already received notices confirming 25% duties from that date. India, is also currently in talks for the trade deal, which Trump claimed were very close to be finalised. On April 2, which Trump called "Liberation Day," he announced the first wave of tariffs, including a 10% duty on most imports and significantly higher rates for certain countries, including several EU members. However, the duties were put on hold for 90 days, setting an initial deadline of July 9, a pause that ultimately laid the groundwork for the new enforcement date of August 1. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now


Time of India
3 hours ago
- Time of India
US stock market: Dow dips over 50 points while Nasdaq was up 0.09%; Wall street trades flat amid Donald Trump's latest tariff threat
Wall Street saw a mixed start on Tuesday as investors digested President Donald Trump's renewed tariff warnings while also weighing concerns over high stock valuations. In early trading, the Dow Jones Industrial Average slipped 0.14% to 44,343, shredding 62 points. The Nasdaq was up 19 points of 0.09%, reaching 20,431. S&P 500 also remained flat, gaining 0.01% or 0.63 points to 6,230, at 7:31 PM IST. Both the S&P 500 and Nasdaq had retreated from record highs on Monday in the wake of Trump's announcements. Analysts say the recent rally may have left markets vulnerable to a pullback. Trump issued letters to key trade partners, including Japan and South Korea, on Monday, threatening steep tariffs from 1 August unless new agreements are reached with Washington. However, he hinted at possible flexibility, telling reporters the deadline was 'firm, but not 100-percent firm.' The 1 August timeline itself marks a delay from an earlier White House target of 9 July. Art Hogan, chief market strategist at B Riley Wealth Management, said the market's response so far appeared more calculated than reactive. 'Investor reaction Monday was more mathematical than it was emotional,' he noted, pointing to a climate increasingly familiar with the president's unpredictable trade stances. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now


Business Standard
3 hours ago
- Business Standard
Ai+ Smartphone is Here! The Phone India has been Waiting for
NewsVoir New Delhi [India], July 8: In a landmark moment for India's digital future, NxtQuantum today launched the Ai+ Smartphone, India's first fully authored smartphone, built entirely in India, governed on Indian infrastructure, and designed to deliver world-class performance with uncompromising data privacy. The launch was led by Madhav Sheth, CEO, Ai+ Smartphone and Founder, NxtQuantum Shift Technologies, alongside Shashikumar Sreedharan, Managing Director, Google Cloud India, and Smrithi Ravichandran, Vice President - Mobiles, Flipkart. More than just a product launch, Ai+ marks a bold new direction in mobile innovation, where performance meets purpose, and users gain true control over how their data is stored, accessed, and protected. Built entirely in India and powered by NxtQuantum OS, India's first sovereign mobile operating system, the Ai+ Smartphone combines high performance, affordability, and privacy in one seamless experience. It offers Indian users an alternative to foreign-built devices and opaque software ecosystems, giving them full visibility and control over their data. With this launch, NxtQuantum aims to redefine what ownership, transparency, and digital trust should look like in the smartphone era. Unveiled by Madhav Sheth and built by his team at NxtQuantum Shift Technologies, the Ai+ Smartphone lineup features two smartphones, Pulse and Nova 5G, each available in five bold colours, all running on NxtQuantum OS, India's first sovereign mobile operating system. With Ai+ Smartphone, India isn't just assembling phones anymore. It's building its own digital foundation. "Ai+ Smartphone is about putting control back in the hands of Indian users," said Madhav Sheth, CEO, Ai+ Smartphone and Founder, NxtQuantum Shift Technologies. "For years, we've relied on phones and platforms that were never made with India in mind. Ai+ Smartphone changes that. These phones are fast, beautifully designed, and most importantly, they keep your data safe," he added. Designed in India. Ready for the World. Ai+ smartphones are manufactured in India by United Telelinks (Bangalore) Limited at their Noida Factory, reinforcing NxtQuantum's long-term commitment to building sovereign digital infrastructure, starting from the factory floor. Everything from software to supply chain has been aligned to India's priorities. But what makes Ai+ Smartphone truly different isn't just where it's made, but what it's made for. From long battery life and high-definition displays to dual SIM flexibility and enhanced camera performance, the Ai+ Smartphone is designed with the needs of people in India in mind, focusing on how they live, work, learn, and connect. The phones support regional languages, local content, and a customisable experience through NxtQuantum's Theme Designer Tool. Why India Needs Ai+ Smartphones Now India is the world's second-largest smartphone market, with more than 800 million users. Yet most smartphones today still run on foreign software and route user data through third-party systems outside the country. That means little visibility and even less control. Ai+ Smartphone is designed to fix that. Every Ai+ Smartphone runs on NxtQuantum OS, a built-in India operating system with a zero-trust security architecture. All personal data, from app preferences to backups, is stored securely in India, utilising MeitY (Ministry of Electronics and Information Technology, Government of India)-empanelled Google Cloud Regions. Now Available on Flipkart The full Ai+ Smartphone lineup is now live on Flipkart and other channels, starting at just Rs 4499*. Phones are available in a variety of bold colours and storage options. "At Flipkart, we've seen growing demand for smartphones that are not just affordable but trustworthy," said Smrithi Ravichandran, Vice President - Mobiles, Flipkart. "We're proud to bring Ai+ Smartphone to our customers, a product that blends performance, privacy, and purpose." Ai+ Smartphone isn't just a new smartphone line. It's a new way forward. For the first time, Indian users can choose a phone that's built in India, governed in India, keeps their data safe, and puts them fully in control. With Ai+ Smartphone, NxtQuantum isn't just launching devices it is building digital confidence. Product Lineup Overview Pulse * 6.7" HD+ Display, 90Hz | T615 Chip | 262K Antutu score | Expandable Memory - 1TB * 50MP Dual AI camera | 5000mAh battery | Side fingerprint sensor * Colours: Blue, Black, Green, Purple, Pink * Starting at Rs 4499.* * Flash Sale: 12th July, Starts at 12 Noon Nova 5G * 6.7" HD+ Display, 120Hz | T8200 Chip | 501K Antutu Score | Expandable Memory - 1TB * 50MP Dual AI camera | 5000mAh battery | Side fingerprint sensor * Colours: Blue, Black, Green, Purple, Pink * Starting at Rs 7499.* * Flash Sale: 13th July, Starts at 12 Noon Availability: Flipkart Operating System: NxtQuantum OS Security: All data stored in India on MeitY-approved servers hosted by Google Cloud