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SK hynix’s revenue grew 45% over the year, net profit tripled

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SK hynix, one of the largest manufacturers of memory chips, has published a report for the third quarter of 2021. SK hynix’s revenue for the reporting period was $ 10.11 billion. This is 14% more than in the second quarter and 45% more in annual terms, that is, compared to the third quarter of 2020.

Operating income for the quarter was $ 3.57 billion and net income was $ 2.84 billion. These indicators compared to the second quarter increased by 55% and 67%, respectively. In annual terms, operating profit increased by 220%, net – by 206%. Gross profit in the third quarter was 35%. For comparison: the quarter before that it was 26%, the year before – 16%.

SK hynix predicts that the market demand for semiconductor memory will continue to grow. The manufacturer plans to “flexibly respond to changes in market conditions and focus on ensuring profitability.” At the same time, the company hopes to improve the competitiveness of its NAND flash business, which has recently become profitable, completing its acquisition of Intel by the end of this year.

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Billionaires support Bitcoin. Barry Sternlicht thinks it could grow to $ 1 million

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Starwood Capital Group chairman and billionaire Barry Sternlicht shared his take on how Bitcoin can rise to a million dollars per coin. He calls cryptocurrency a “smart” barrier in a world where the government just keeps printing money.

Sternlicht runs the private real estate investment firm Starwood Capital Group. The firm manages nearly $ 100 billion in real estate, debt and energy assets. According to the Forbes Billionaire List, Barry Sternlicht is worth $ 4.2 billion.

He explained that we live in a world where the government just constantly prints money, but someday it will end, but they will not be able to create even more bitcoins. The billionaire believes that in the current political situation, the dollar may depreciate, pulling stock markets down with it.

In such a situation, bitcoin can grow many times, naming the amount of $ 1 million per bitcoin. He stated that small investments in bitcoin are very reasonable. The billionaire himself keeps about 3% of his fortune in cryptocurrency and believes that if bitcoin drops to zero, then with moderate investments, no one will suffer from this, but if at some point the rate soars to $ 1 million, then many will be upset.

More and more billionaires support Bitcoin. Renowned hedge fund manager Paul Tudor Jones said in October that he prefers bitcoin over gold. Orlando Bravo, who is the co-founder of private equity firm Thoma Bravo, said he was optimistic about Bitcoin, expecting “significant growth.”

Bitcoin is gradually recouping this week after a dramatic crash late last week.

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Presented Xiaomi 11 Youth smartphone – the lightest and thinnest Xiaomi phone with support for 5G

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Xiaomi has announced the Xiaomi 11 Youth (Vitality Edition) smartphone. Earlier this year, the company unveiled the Snapdragon 780G-powered Xiaomi Mi 11 Lite 5G and the Xiaomi Mi 11 Lite 4G, which is powered by the Snapdragon 732G. The first one was available exclusively in China. Later this year, Xiaomi unveiled the Xiaomi 11 Lite NE 5G with Snapdragon 778G SoC in India and Europe. Now the same device has been introduced to the home market by a company called Xiaomi 11 Youth (Vitality Edition).

Xiaomi 11 Youth (Vitality Edition) measures 160.53 x 75.2 x 6.81 mm and weighs 157 grams. It is the lightest and thinnest Xiaomi 5G phone ever. The device features a 6.55-inch AMOLED Full HD + screen with a refresh rate of 90 Hz, a touch sampling rate of 240 Hz and a brightness of 800 cd / m22… It supports Dolby Vision, HDR10 +, 10-bit color and is covered with Gorilla Glass 5. The smartphone is equipped with a side fingerprint scanner.

Xiaomi 11 Youth (Vitality Edition) is equipped with Snapdragon 778G and 8GB LPDDR4x RAM. The smartphone has 128 or 256 GB of flash memory, it runs Android 11 operating system with MIUI 12.5 shell.

The front camera has a resolution of 20 megapixels, the main camera has a main image sensor with a resolution of 64 megapixels. The smartphone is equipped with a 4250 mAh battery that supports 33W fast charging. It received slots for two SIM cards, 5G modules, Wi-Fi 6, Bluetooth 5.2, GPS, NFC, infrared and USB-C port. It lacks a 3.5mm audio jack.

The price of new items is $ 315 for the version with 8/128 GB and $ 360 for 8/256 GB.

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Elon Musk kept promises and became a homeless multibillionaire

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Elon Musk kept his pledge to “have no homes” made last year. The billionaire sold his mansion in Hillsborough, California. The property was sold for $ 30 million, although he originally asked for $ 37.5 million. The identity of the buyer was not disclosed.

Musk, 50, previously confirmed that this was his last home. The 19-hectare estate was built in 1912 by Count Christian de Guignet, a member of the French nobility who moved to the state after marrying a Californian woman.

The property remained in the property of the de Guignet family for over a century before it was put up for sale in 2013 for $ 100 million. In 2016, the asking price was reduced to $ 29.85 million. According to public records, Elon Musk bought the house for $ 23.4 million in 2017.

The mansion is 1,486 square meters, it has seven bedrooms and ten bathrooms, a library with leather walls, a huge kitchen equipped for a personal chef, a cocktail room and almost 6-meter ceilings. The windows overlook the San Francisco Bay and the vast grounds. The garage and sheds can accommodate 11 cars.

Musk himself has long lived in a tiny $ 50,000 prefab house, which he rents from his own company, SpaceX.

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