Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Home
Business
Business Home
Economy
Technology
Media
Small Business
Legal
Deals
Earnings
Social Pulse
Business Video
The Freeland File
Markets
Markets Home
U.S. Markets
European Markets
Asian Markets
Global Market Data
Indices
M&A
Stocks
Bonds
Currencies
Commodities
Futures
Funds
peHUB
World
World Home
U.S.
Brazil
China
Euro Zone
Japan
Mexico
Russia
India Insight
World Video
Reuters Investigates
Decoder
Politics
Politics Home
Election 2012
Issues 2012
Candidates 2012
Tales from the Trail
Political Punchlines
Supreme Court
Politics Video
Tech
Technology Home
MediaFile
Science
Tech Video
Tech Tonic
Social Pulse
Opinion
Opinion Home
Chrystia Freeland
John Lloyd
Felix Salmon
Jack Shafer
David Rohde
Bernd Debusmann
Nader Mousavizadeh
Lucy P. Marcus
David Cay Johnston
Bethany McLean
Edward Hadas
Hugo Dixon
Ian Bremmer
Lawrence Summers
Susan Glasser
The Great Debate
Steven Brill
Jack & Suzy Welch
Frederick Kempe
Christopher Papagianis
Breakingviews
Equities
Credit
Private Equity
M&A
Macro & Markets
Politics
Breakingviews Video
Money
Money Home
Tax Break
Lipper Awards 2012
Global Investing
MuniLand
Unstructured Finance
Linda Stern
Mark Miller
John Wasik
James Saft
Analyst Research
Alerts
Watchlist
Portfolio
Stock Screener
Fund Screener
Personal Finance Video
Money Clip
Investing 201
Life
Health
Sports
Arts
Faithworld
Business Traveler
Entertainment
Oddly Enough
Lifestyle Video
Pictures
Pictures Home
Reuters Photographers
Full Focus
Video
Reuters TV
Reuters News
Article
Comments (1)
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
Mladic taunts survivors at start of genocide trial
|
11:06am EDT
Judge to lead Greece to fateful June 17 vote
|
12:15pm EDT
GM plans to stop advertising on Facebook
15 May 2012
Apple readies iPhone with bigger screen: sources
11:54am EDT
Samsung loses $10 billion market value on Apple order report
4:59am EDT
Discussed
169
Romney apologizes for bullying incident at school
155
Germany’s Merkel dealt heavy blow in state vote
110
Weary warriors favor Obama
Watched
A look at the UK’s most beautiful face
Thu, May 10 2012
Drought blamed for fall of Mayan civilization
Tue, May 15 2012
'Mother killed kids': police
Tue, May 15 2012
Pictures
Reuters Photojournalism
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
Dumpster diners
A look at people who dumpster dive for food not because of need but to try to address societal issues about over-consumption. Slideshow
Oldest yoga teacher
Tao Porchon-Lynch, 93, was named the world's oldest yoga teacher by Guinness World Records. Slideshow
Samsung loses $10 billion market value on Apple order report
Tweet
Share this
Email
Print
Related News
U.S. stocks trim gains, euro falls on ECB talk
11:48am EDT
Sony, Panasonic in talks to make OLED TVs: sources
Tue, May 15 2012
Sony sees return to profit, aims to halve TV losses
Thu, May 10 2012
Toshiba sees rebound as Apple leads demand for NAND
Tue, May 8 2012
Micron wins exclusive right to bid for Elpida: source
Mon, May 7 2012
Analysis & Opinion
Samsung moves on from Japan to nibble at Apple
More Apple antitrust woes: CEO, directors at hub of poaching case
Related Topics
Tech »
Hot Stocks »
Asian Markets »
Media »
People walk at the main office building of Samsung Electronics in Seoul April 6, 2012.
Credit: Reuters/Kim Hong-Ji
SEOUL |
Wed May 16, 2012 4:59am EDT
SEOUL (Reuters) - Shares in Samsung Electronics Co slumped more than 6 percent on Wednesday, wiping $10 billion off the electronics giant's market value, on a report that Apple placed huge chip orders with troubled Japanese chip rival Elpida.
Taiwan's DigiTimes, an online trade news site, reported that Apple recently placed large mobile dynamic random access memory (DRAM) orders with Elpida's 12-inch plant in Hiroshima, Japan, securing around half the facilities total chip production. It cited unnamed industry sources in its report, which hit shares of major chip suppliers to Apple.
SK hynix shares closed almost 9 percent lower at a 20-week low - the biggest one-day drop in nine months. Samsung, the world's biggest DRAM maker, tumbled 6.2 percent to a 9-week low of 1.23 million won ($1,100) - the stock's biggest daily fall in nearly four years.
"It looks like Apple doesn't want to see Samsung and hynix dominate the chip market. Apple wants to maintain its bargaining power by keeping Elpida running," said Choi Do-yeon, an analyst at LIG Investment & Securities.
U.S.-based Micron Technology Corp is in talks to acquire Elpida's business as the Japanese firm tries to restructure after tough market conditions and global competition drove it into bankruptcy protection.
"A merged Micron-Elpida could pose a significant threat to South Korean memory chipmakers, and Elpida's huge order from Apple was the spark that triggered these worries," said Lim Dol-yi, an analyst at Solomon Investment & Securities.
Samsung declined to comment, as did the Japanese court-appointed trustee handling Elpida's rehabilitation.
A spokeswoman for SK hynix said: "We are receiving more orders for mobile DRAM chips from our customers." She declined to comment on whether Apple had reduced orders from the firm.
Technology shares were also impacted by a broader sell-off after talks to form a new Greek government failed, stoking concerns the country may exit the euro zone and increase financial market uncertainty. Shares in flat-screen maker LG Display slid 4.5 percent. Hyundai Motor lost 4 percent..
"Samsung shares were already facing pressure since offshore investors began cutting back on risk during the latest streak of sell-offs, but the news surrounding Elpida was the straw that broke the camel's back," said Rhoo Yong-suk, an analyst at Hyundai Securities. "It was just unfortunate timing that coincided with jitters surrounding Greece."
(Reporting by Miyoung Kim; Additional reporting by Joonhee Yu and Hyunjoo Jin in SEOUL and Mari Saito in TOKYO; Editing by Jonathan Hopfner and Ian Geoghegan)
Tech
Hot Stocks
Asian Markets
Media
Related Quotes and News
Company
Price
Related News
Tweet this
Link this
Share this
Digg this
Email
Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (1)
IsaiahALLmighty wrote:
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Back to top
Reuters.com
Business
Markets
World
Politics
Technology
Opinion
Money
Pictures
Videos
Site Index
Legal
Bankruptcy Law
California Legal
New York Legal
Securities Law
Support & Contact
Support
Corrections
Connect with Reuters
Twitter
Facebook
LinkedIn
RSS
Podcast
Newsletters
Mobile
About
Privacy Policy
Terms of Use
AdChoices
Copyright
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
Thomsonreuters.com
About Thomson Reuters
Investor Relations
Careers
Contact Us
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.