Samsung Electronics forecasts strong demand for artificial intelligence and plans to increase supply of high-end chips such as HBM chips for AI applications. Samsung reported a more than 10-fold rise in first-quarter operating profit and aims to capitalize on the AI boom by increasing production of HBM chips. The company also plans to offer high-end SSD products to meet AI server demand.
Cyprus joined the European Union 20 years ago and has benefitted from EU accession. However, reforms were slow and promises were not kept regarding resolving the island’s division. The ‘Cyprus problem’ gave in to fatigue, with European partners gradually losing interest. The country faced issues with customs controls at checkpoints and ‘golden passports’ becoming a major embarrassment. Cyprus politicians are now trying to rebuild a reputation as a trustworthy partner in the EU.
– The 25th edition of the Cyprus Contemporary Dance Festival will take place from May 31 to June 23 in Limassol and Nicosia.
– The festival will feature performances by dance groups from Cyprus, Greece, Denmark, Italy, and the Netherlands.
Aston Martin posted a bigger-than-expected first-quarter pretax loss as the company made fewer cars and burned more cash than analysts had anticipated.