Bloomberg The China Show: Samsung's Earnings Miss, the Fed's Hold, and the AI Memory Chip Boom

This episode of Bloomberg's The China Show, broadcast from Hong Kong at 9:00 A.M. local time, covers a dense news flow spanning Asian and U.S. earnings, central bank decisions, and the AI infrastructure buildout. Anchors David and Yvonne, joined by Bloomberg correspondents and outside guests, walk through Samsung's quarterly results, the Federal Reserve's policy meeting, Tencent's AI enterprise strategy, and the trading session across Greater China markets.

■ Samsung and the memory chip market
- Samsung's third-quarter net income miss versus in-line operating profit, and the roughly 30 trillion won gap between the two lines
- Contributing factors discussed: semiconductor employee bonus costs, foundry depreciation, and a stronger Korean won
- 2026 capex guidance of about 80 trillion won, with roughly 90% allocated to chips
- Shareholder return plans of 55 to 75 trillion won, with details deferred to late January
- Comparison with SK Hynix, which reported sold-out HBM capacity through 2029, and the HBM competition with Micron
- Views from North America semiconductor research on supply tightness lasting through 2030, and CXMT's growing DRAM share

■ Central banks
- The Fed's 10-2 vote to hold rates, Chair Kevin Warsh's press remarks, and market pricing of roughly an 80% chance of a December hike
- Franklin Templeton's Larry Hathaway on the rate path, housing and credit spread tightening, energy prices, and the consumer story
- The proposed shift to six rate-setting meetings within an eight-meeting annual calendar from 2027-2028
- Previews of the ECB and Bank of Japan decisions, plus the Bank of Canada's earlier hike

■ China and Hong Kong corporate news
- Earnings from PetroChina, a copper producer, Unitree Robotics, a chip packaging firm, and an optical/AI infrastructure name with close to 1800% revenue growth
- BYD's upcoming results, unit profit per vehicle expectations, and short-seller positioning
- Henderson Land CFO Andrew Fung on the Central Yards project, retail tenants, office leasing, and Hong Kong home prices
- Stephen Engle's exclusive interview with Tencent Cloud Industry Group CEO Tong Dao-shi on Tencent's AI strategy and its enterprise assistant product
- Venture capitalist Alfred Chuang of Race Capital on AI valuations, exits, and the physical AI opportunity in China

■ Other headlines
- Reported Marvell advanced talks to acquire a chipmaker valued around $83 billion, and Nvidia's proposed Hugging Face acquisition drawing DOJ inquiries
- Apple's touchscreen MacBook Pro reveal
- Pakistan's restoration of airspace rights to Taiwanese carriers after a brief reversal

The episode is suited to investors, market professionals, and anyone tracking Asian tech earnings, central bank policy, or the AI supply chain. Viewers come away with a structured picture of how one earnings release rippled through Korean and regional markets, how Fed guidance is being interpreted, and where corporate AI spending is being directed. Consider watching alongside the day's closing moves to see how the discussed catalysts played out.