Kioxia Holdings issued a disappointing earnings outlook after its June-quarter operating income of ¥1.27 trillion missed analysts' estimates, signaling that the AI-driven surge in flash memory prices …
South Korean stocks surged a record 17.91 percent on Friday, with the KOSPI closing at 6,595.45, as better-than-expected Microsoft earnings eased concerns over AI spending and drove a chip rally. Sams…
South Korea's KOSPI index surged 18% as investors returned to AI-related stocks, led by SK Hynix and Samsung Electronics, which staged strong recoveries after a punishing sell-off earlier in the week,…
Samsung Electronics and SK Hynix, whose revenues make up 80% of the global memory sector, generated a combined operating profit of 150 trillion won (US$104 billion) in the June quarter, driven by AI d…
South Korea's benchmark KOSPI surged 15 percent on Friday, after jumping as much as 17 percent earlier, following comments from Microsoft and Amazon that they plan to continue spending on AI infrastru…
Samsung Electronics and SK Hynix posted a combined 150 trillion won in operating profit for the quarter ended June 30, with Samsung reporting 89.5 trillion won and SK Hynix 60.5 trillion won, both rec…
Samsung Electronics and SK Hynix, whose revenues make up 80% of the global memory sector, generated a combined operating profit of 150 trillion won ($104 billion) in the June quarter, driven almost en…
Seoul shares surged nearly 13 percent late Friday morning, with the KOSPI adding 717.3 points to trade at 6,310.86, as investors scooped up semiconductor shares following Microsoft's strong earnings t…
South Korea's Kospi index jumped 13.1% to 6,330.59 on Friday, led by a surge in AI-related stocks after a sharp sell-off earlier in the week. Samsung Electronics shares rose 19.3% and SK Hynix soared …
Asian stocks rose Friday, with South Korea's Kospi Index surging over 14% as chip majors SK Hynix and Samsung Electronics rallied, reviving confidence in the artificial intelligence trade. The yen hel…
Samsung Electronics forecast during its Q2 2026 earnings call on July 30 that the global memory chip shortage will worsen in 2027 and persist into 2028, driven by AI demand for high-bandwidth memory. …
Samsung Electronics reported a record operating profit of 89.5 trillion won ($62 billion) for the April-June period, a 19-fold increase from a year earlier, driven by AI chip demand. Despite the recor…
Oil prices slipped and world shares were mixed on Thursday as investors sold artificial intelligence-related stocks in Asia, with South Korea's Kospi falling 1.2% after losing more than 16% over the p…
South Korea's KOSPI index lost approximately $2.18 trillion in market value over July 28-29, plunging nearly 40% from its peak in just over a month, as an AI-stock unwind crushed leveraged retail inve…
Seoul shares fell by more than 1 percent Thursday as retail investors heavily sold tech stocks amid concerns over artificial intelligence spending and uncertainty about the Federal Reserve's interest …
Samsung Electronics' semiconductor business posted record second-quarter revenue and operating profit driven by AI server memory demand, but its foundry operations lag TSMC and its mobile business swu…
Oil prices slipped and Asian shares traded mostly lower Wednesday, with South Korea's Kospi extending losses after falling more than 16% over the past two days, as investors sold chipmaker stocks amid…
Samsung Electro-Mechanics reported record quarterly revenue of 3.46 trillion won ($2.4 billion) for April-June, up 24% year-over-year, driven by demand for multilayer ceramic capacitors (MLCCs) for AI…
Hyundai Motor Group has hired Kwon Jung-hyun, a former Samsung Electronics executive and Nvidia autonomous driving software veteran, to lead its Autonomous Driving Development Center. Kwon will overse…
Asian stocks struggled for direction on Thursday after a US$2 trillion rout in South Korea's equity market and a divided US Federal Reserve left investors uncertain on interest rates. Chipmakers were …