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TheStreet: Samsung Recall Could Pressure Semi Suppliers says Jim Cramer

May 24, 2023
in Trade Tube
Reading Time: 1 min read
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Samsung’s smartphone recall could eventually hit semiconductor suppliers like Lam Research , KLA-Tencor and Applied Materials , says TheStreet’s Jim Cramer. The continued issue is the Galaxy Note 7 catching on fire, causing Samsung to recall all Note 7s for a second time. This is helping shares of Apple which are up more than 8.7% over the last month and have traded higher seven straight days. Apple and Samsung are also arguing before the U.S. Supreme Court about patent infringement. Apple claims Samsung infringed on its design patent that covers the iPhone.

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