Latest news with #Opteon
Yahoo
3 days ago
- Business
- Yahoo
Chemours (CC) Soars 18% as Firm Expected to Benefit From AI, Chip Boom
We recently published . The Chemours Company (NYSE:CC) is one of the best-performing stocks on Wednesday. Shares of The Chemours Company (NYSE:CC) soared by 17.95 percent on Wednesday to close at $14.65 apiece as investors cheered the successful qualification of its Opteon cooling liquid from Samsung Electronics, marking a significant milestone amid the growing demands from AI and semiconductor firms. In a statement, The Chemours Company (NYSE:CC) said its Opteon two-phase immersion cooling fluid received Samsung's qualification and compatibility with its 4th generation Solid State Drives (SSD), providing certainty to server manufacturers and increased adoption. 'Our innovative technology offers superior compatibility, enables higher IT loads, with fewer equipment failures, and dramatically less energy and water use—all of which translates to reduced costs for downstream users. We're eager to continue working with Samsung and the broader industry to bring this breakthrough technology to market,' said Denise Dignam, president and CEO of The Chemours Company (NYSE:CC). To ensure swift qualification, the firm partnered with Samsung, tank manufacturer Liquid Stack, and semiconductor firm PKI Corp. to conduct performance testing using a commercial-scale 48U immersion cooling tank. Samsung and PKI established a robust testing and qualification process to support current and future generation qualifications. The equipment met all compatibility targets, with no sign of degradation. While we acknowledge the potential of CC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
5 days ago
- Business
- Globe and Mail
Samsung Electronics Successfully Qualifies Chemours' Opteon™ Two-Phase Immersion Cooling Fluid
The Chemours Company (Chemours) (NYSE: CC), a global chemistry company, announced the successful qualification of its Opteon™ two-phase immersion cooling fluid by Samsung Electronics. This milestone marks a significant advancement in Opteon™ two-phase immersion cooling adoption, ensuring fluid compatibility and performance with current-generation Samsung Solid State Drive (SSD)—a high-performance storage device. Qualification of this critical server component provides increased certainty to server manufacturers, supporting market adoption and ultimately addressing the cooling and energy demands driven by AI and next generation chips. After completing rigorous testing of Opteon™ two-phase immersion cooling fluid, Samsung successfully qualified the fluid with its generation four SSD. Opteon™ is the first two-phase immersion cooling fluid approved by Samsung; testing for subsequent generations will begin in the months ahead. 'Collaborating with Samsung has enabled us to get an even deeper understanding of the evolving digital infrastructure needs and unique value of our Opteon™ two-phase immersion cooling fluid,' said Denise Dignam, Chemours President and CEO. 'Our innovative technology offers superior compatibility, enables higher IT loads, with fewer equipment failures, and dramatically less energy and water use—all of which translates to reduced costs for downstream users. We're eager to continue working with Samsung and the broader industry to bring this breakthrough technology to market.' To ensure swift qualification, Chemours and Samsung joined forces with Liquid Stack, a leading tank manufacturer, and PKI Corporation, a regional semiconductor and data center leader, to conduct performance testing using a commercial scale 48U immersion cooling tank. Samsung and PKI established a robust testing and qualification process to support current and future generation qualifications. The equipment met all compatibility targets, with no sign of degradation. 'As digital infrastructure continues to evolve to meet the demands of AI and high-performance computing, compatibility is king,' said Sungki Lee, Project Leader of SSD HW Reliability Engineering Team at Samsung Electronics. 'Finding innovative solutions to effectively cool IT hardware, without creating compatibility or performance issues, is no simple task. After nearly a year of testing, the Opteon™ two-phase immersion cooling fluid met or exceeded all compatibility parameters. We look forward to our continued collaboration as we qualify our generation five and six SSDs.' Samsung created its own high-reliability test standard—based on Open Compute Project (OCP) standards. The Opteon™ fluid is the first two-phase immersion cooling technology to pass Samsung's test standard. Samsung has developed and implemented a method that achieves world-class heat transfer efficiency while maintaining high reliability in immersion cooling systems using the Opteon™ fluid. This will help accelerate future liquid cooling qualifications across the Samsung Electronics portfolio—including memory semiconductors, such as SSD and DDR modules, and also logic device packages. Opteon™ two-phase immersion cooling fluid offers a power usage effectiveness (PUE) approaching 1 and superior performance capabilities compared to traditional or other liquid cooling technologies. Nearly eliminating water use, reducing space requirements by 60%, and lowering energy consumption by up to 40% and cooling energy use by up to 90%, this technology represents benefits for data center operators and communities alike. For more information, visit About The Chemours Company The Chemours Company (NYSE: CC) is a global leader in providing industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and advanced electronics, general industrial, and oil and gas. Through our three businesses –Thermal & Specialized Solutions, Titanium Technologies, and Advanced Performance Materials – we deliver application expertise and chemistry-based innovations that solve customers' biggest challenges. Our flagship products are sold under prominent brands such as Opteon™, Freon™, Ti-Pure™, Nafion™, Teflon™, Viton™, and Krytox™. Headquartered in Wilmington, Delaware and listed on the NYSE under the symbol CC, Chemours has approximately 6,000 employees and 28 manufacturing sites and serves approximately 2,500 customers in approximately 110 countries. For more information, visit or follow us on LinkedIn. About Samsung Electronics Samsung Electronics is a global leader in technology, opening new possibilities for people everywhere. Through relentless innovation and discovery, we are transforming the worlds of TVs, smartphones, wearable devices, tablets, digital appliances, network systems, and memory, system LSI, foundry, and LED solutions. Samsung is also pioneering advancements in AI, IoT, and 5G, driving the future of connected living. Our commitment to quality and excellence is reflected in our products and services, which are designed to enhance the lives of our customers. With a presence in over 80 countries, Samsung Electronics is dedicated to creating a better world full of richer digital experiences through innovative technology. Forward-Looking Statements This press release contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to a historical or current fact. The words "believe," "expect," "will," "anticipate," "plan," "estimate," "target," "project" and similar expressions, among others, generally identify "forward-looking statements," which speak only as of the date such statements were made. These forward-looking statements may address, among other things, new product development and expected contributions to advancing the data center energy efficiency, improving sustainability, circularity, decreasing environmental footprint, plans to continue investment in research and development, advancements in liquid cooling technology, partnerships in the liquid cooling and data center industry, all of which are subject to substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These statements are not guarantees of future performance. Forward-looking statements also involve risks and uncertainties that are beyond Chemours' control. Matters outside our control, including general economic conditions, geopolitical conditions and global health events, and changes in environmental regulations in the U.S. or other jurisdictions that affect demand for or adoption of our products, have affected or may affect our business and operations and may or may continue to hinder our ability to provide goods and services to customers, cause disruptions in our supply chains such as through strikes, labor disruptions or other events, adversely affect our business partners, significantly reduce the demand for our products, adversely affect the health and welfare of our personnel or cause other unpredictable events. Additionally, there may be other risks and uncertainties that Chemours is unable to identify at this time or that Chemours does not currently expect to have a material impact on its business. Factors that could cause or contribute to these differences include the risks, uncertainties and other factors discussed in our filings with the U.S. Securities and Exchange Commission, including in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, and in our Annual Report on Form 10-K for the year ended December 31, 2024. Chemours assumes no obligation to revise or update any forward-looking statement for any reason, except as required by law.
Business Wire
29-07-2025
- Business
- Business Wire
Chemours Announces Dates for Second Quarter 2025 Earnings Release and Webcast Conference Call
WILMINGTON, Del.--(BUSINESS WIRE)--The Chemours Company ('Chemours' or 'the Company') (NYSE: CC) today announced that the Company expects to issue its second quarter 2025 financial results after market on Tuesday, August 5, 2025. The Company expects to hold its conference call to discuss its second quarter 2025 financial results at 8:00 a.m. Eastern Daylight Time on Wednesday, August 6, 2025. The call is open to the public and can be accessed via the webcast information below. Prior to the Company's conference call, management will post additional prepared financial remarks in the "Events and Presentations" section of the Investor Relations section of Chemours' website at Conference Call: Please visit for a link to the live webcast and to view the accompanying slides. Replay: A webcast replay will be available at About The Chemours Company The Chemours Company (NYSE: CC) is a global leader in providing industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and advanced electronics, general industrial, and oil and gas. Through our three businesses – Thermal & Specialized Solutions, Titanium Technologies, and Advanced Performance Materials – we deliver application expertise and chemistry-based innovations that solve customers' biggest challenges. Our flagship products are sold under prominent brands such as Opteon™, Freon™, Ti-Pure™, Nafion™, Teflon™, Viton™, and Krytox™. Headquartered in Wilmington, Delaware and listed on the NYSE under the symbol CC, Chemours has approximately 6,000 employees and 28 manufacturing sites and serves approximately 2,500 customers in approximately 110 countries. For more information, visit or follow us on LinkedIn.
Globe and Mail
29-07-2025
- Business
- Globe and Mail
Chemours Announces Dates for Second Quarter 2025 Earnings Release and Webcast Conference Call
The Chemours Company ('Chemours' or 'the Company') (NYSE: CC) today announced that the Company expects to issue its second quarter 2025 financial results after market on Tuesday, August 5, 2025. The Company expects to hold its conference call to discuss its second quarter 2025 financial results at 8:00 a.m. Eastern Daylight Time on Wednesday, August 6, 2025. The call is open to the public and can be accessed via the webcast information below. Prior to the Company's conference call, management will post additional prepared financial remarks in the "Events and Presentations" section of the Investor Relations section of Chemours' website at Conference Call: Please visit for a link to the live webcast and to view the accompanying slides. Replay: A webcast replay will be available at About The Chemours Company The Chemours Company (NYSE: CC) is a global leader in providing industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and advanced electronics, general industrial, and oil and gas. Through our three businesses – Thermal & Specialized Solutions, Titanium Technologies, and Advanced Performance Materials – we deliver application expertise and chemistry-based innovations that solve customers' biggest challenges. Our flagship products are sold under prominent brands such as Opteon™, Freon™, Ti-Pure™, Nafion™, Teflon™, Viton™, and Krytox™. Headquartered in Wilmington, Delaware and listed on the NYSE under the symbol CC, Chemours has approximately 6,000 employees and 28 manufacturing sites and serves approximately 2,500 customers in approximately 110 countries. For more information, visit or follow us on LinkedIn.
Associated Press
18-06-2025
- Business
- Associated Press
The Chemours Company Provides Update on Second Quarter 2025 Outlook
WILMINGTON, Del.--(BUSINESS WIRE)--Jun 18, 2025-- The Chemours Company (Chemours) (NYSE: CC), a global chemistry company with leading market positions in Thermal & Specialized Solutions (TSS), Titanium Technologies (TT), and Advanced Performance Materials (APM), today provided an update on its second quarter 2025 outlook. For the second quarter of 2025, due to better-than-expected performance, TSS now anticipates a sequential increase in Net Sales of approximately 25% driven by strong demand for Opteon™ Refrigerants, in connection with the stationary transition to low global warming potential refrigerants under the U.S. AIM Act. Consistent with this increased demand, TSS also projects a sequential increase in Adjusted EBITDA of nearly 40% for the quarter. APM's Adjusted EBITDA for the second quarter is also anticipated to increase nearly 25% sequentially due to stronger overall cost performance, while Net Sales are anticipated to be within original expectations of low teens sequential growth. For TT, the Company anticipates overall Net Sales for the second quarter to be in line with the segment's high single-digit growth expectations. However, second quarter Adjusted EBITDA for TT is now projected to decline approximately 15% sequentially, due to operational disruptions at its U.S. sites. These disruptions were primarily caused by a rail line service interruption impacting feedstock mix and other limited operational issues. In order to fulfill customer orders due to the rail line disruption, the Company elected to consume higher-cost ore feedstock, which resulted in incremental costs of approximately $15 million in the second quarter. The costs associated with other one-time operational disruptions are expected to be approximately $10 million for the quarter. As a part of the Company's strategic focus to resolve legacy litigation, under the Strengthening the Long Term pillar, the Company now anticipates overall corporate costs for the second quarter to be slightly higher-than-expected in connection with the ongoing New Jersey trial. Overall, consolidated Net Sales for the second quarter are expected to be at the high end of the original range, now anticipating a sequential mid-teens increase. Consolidated Adjusted EBITDA is now projected to range between $215 and $225 million, with consolidated Free Cash Flow projected to remain positive in the second quarter. The Company will provide a more comprehensive update in connection with its second quarter earnings process, the date of which will be communicated after the close of the second quarter. About The Chemours Company The Chemours Company (NYSE: CC) is a global leader in providing industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and advanced electronics, general industrial, and oil and gas. Through our three businesses – Thermal & Specialized Solutions, Titanium Technologies, and Advanced Performance Materials – we deliver application expertise and chemistry-based innovations that solve customers' biggest challenges. Our flagship products are sold under prominent brands such as Opteon™, Freon™, Ti-Pure™, Nafion™, Teflon™, Viton™, and Krytox™. Headquartered in Wilmington, Delaware and listed on the NYSE under the symbol CC, Chemours has approximately 6,000 employees and 28 manufacturing sites and serves approximately 2,500 customers in approximately 110 countries. For more information, visit or follow us on LinkedIn. Non-GAAP Financial Measures We prepare our financial statements in accordance with Generally Accepted Accounting Principles (GAAP). Within this press release, we make reference to Adjusted EBITDA and Free Cash Flow, which are non-GAAP financial measures. The Company includes these non-GAAP financial measures because management believes they are useful to investors in that they provide for greater transparency with respect to supplemental information used by management in its financial and operational decision making. Management uses Adjusted EBITDA, which is adjusted for (i) certain non-cash items, (ii) certain items we believe are not indicative of ongoing operating performance or (iii) certain nonrecurring, unusual or infrequent items to evaluate the Company's performance in order to have comparable financial results to analyze changes in our underlying business from period to period. Additionally, Free Cash Flow is utilized as liquidity measures to assess the cash generation of our businesses and on-going liquidity position. Accordingly, the Company believes the presentation of these non-GAAP financial measures, when used in conjunction with GAAP financial measures, is a useful financial analysis tool that can assist investors in assessing the Company's operating performance and underlying prospects. This analysis should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. This analysis, as well as the other information in this press release, should be read in conjunction with the Company's financial statements and footnotes contained in the documents that the Company files with the U.S. Securities and Exchange Commission. The non-GAAP financial measures used by the Company in this press release may be different from the methods used by other companies. The Company does not provide a reconciliation of these forward-looking non-GAAP financial measures to the most directly comparable GAAP reported financial measures on a forward-looking basis because it is unable to predict with reasonable certainty the ultimate outcome of unusual gains and losses, potential future asset impairments and pending litigation without unreasonable effort. These items are uncertain, depend on various factors, and could have a material impact on GAAP reported results for the guidance period. Forward-Looking Statements This press release contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to a historical or current fact. The words 'believe,' 'expect,' 'will,' 'anticipate,' 'plan,' 'estimate,' 'target,' 'project' and similar expressions, among others, generally identify 'forward-looking statements,' which speak only as of the date such statements were made. These forward-looking statements may address, among other things, guidance and expectations of the Company and segment performance for the second quarter of 2025, which is subject to substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These statements are not guarantees of future performance. Forward-looking statements also involve risks and uncertainties that are beyond Chemours' control. Matters outside our control, including general economic conditions, geopolitical conditions and global health events, and changes in environmental regulations in the U.S. or other jurisdictions that affect demand for or adoption of our products, have affected or may affect our business and operations and may or may continue to hinder our ability to provide goods and services to customers, cause disruptions in our supply chains such as through strikes, labor disruptions or other events, adversely affect our business partners, significantly reduce the demand for our products or increase raw material, energy or other input costs, adversely affect the health and welfare of our personnel or cause other unpredictable events. Additionally, there may be other risks and uncertainties that Chemours is unable to identify at this time or that Chemours does not currently expect to have a material impact on its business. Factors that could cause or contribute to these differences include the risks, uncertainties and other factors discussed in our filings with the U.S. Securities and Exchange Commission, including in our Annual Report on Form 10-K for the year ended December 31, 2024 and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025. Chemours assumes no obligation to revise or update any forward-looking statement for any reason, except as required by law. View source version on CONTACT: INVESTORS Brandon Ontjes VP, Head of Strategy & Investor Relations +1.302.773.3300 [email protected] MEDIA Cassie Olszewski Media Relations & Reputation Leader +1.302.219.7140 [email protected] KEYWORD: UNITED STATES NORTH AMERICA DELAWARE INDUSTRY KEYWORD: SEMICONDUCTOR CHEMICALS/PLASTICS OTHER ENERGY TECHNOLOGY MANUFACTURING ENERGY OTHER MANUFACTURING SOURCE: The Chemours Company Copyright Business Wire 2025. PUB: 06/18/2025 06:45 AM/DISC: 06/18/2025 06:44 AM
