South Korea unveiled a blueprint for three flagship megaprojects centered on semiconductors, AI data centers and physical AI, with investments totaling over 1.8 quadrillion won ($1.2 trillion). Presid…
South Korea announced an 800 trillion won ($585 billion) investment in a semiconductor cluster in the Honam region, targeting HBM and advanced packaging fabs by 2034-2035. The project, led by Samsung …
South Korea unveiled sweeping chip and AI megaprojects worth US$650 billion on Monday, as President Lee Jae Myung pledged to cement the nation's leadership in the global AI and semiconductor market. T…
South Korea announced a 800 trillion won ($585 billion) investment to build a semiconductor complex in the southwestern region, led by Samsung Electronics and SK hynix. The government also plans AI da…
South Korea plans up to $1.3 trillion in tech investments over the next decade, led by Samsung Electronics and SK Hynix, to boost AI-driven chip production and infrastructure. The announcement, set fo…
South Korea expects 550 trillion won ($380 billion) in private-sector investment for AI data centers, chips, and other technologies, led by Samsung Group and SK Group. Samsung plans over 1,000 trillio…
Asian markets were mixed on Monday as AI-related selloffs in Japan and South Korea dragged down regional indices, with Tokyo's Nikkei 225 falling 1% and South Korea's Kospi losing 2%. Gains in Hong Ko…
Asian markets were mixed on Monday as selling of AI-related shares pulled Japan's Nikkei 225 down 1% and South Korea's Kospi down 2%, while Hong Kong's Hang Seng gained 2.1%. The declines followed a W…
Samsung Group and SK Group will announce up to 2,000 trillion won ($1.3 trillion) in decade-long investments at a presidential briefing on June 29, including new semiconductor fabs in Gwangju and an A…
President Lee Jae Myung on Monday was set to unveil large-scale investment plans in advanced tech, including a new chip cluster, as Korea seeks to secure competitiveness in the AI era. Samsung Electro…
South Korean President Lee Jae Myung announced a $649 billion public-private technology initiative on June 29, the largest government commitment to semiconductor and AI infrastructure in 2026. The inv…
Samsung Electronics and SK Group have pledged over 1,000 trillion won ($646 billion) over the next decade to build a massive semiconductor cluster in Gwangju, South Korea, aiming to dominate the AI me…
South Korean President Lee Jae Myung announced three public-private mega-projects totaling about 1,000 trillion won ($649 billion) to develop semiconductors, AI data centers, and physical AI, aiming t…
Samsung Electronics may consider an American depositary receipt (ADR) listing to attract U.S. investors and boost its valuation, following rivals like TSMC and SK hynix in the AI memory chip race. Ana…
Mirae Asset Securities research chief Park Yeon-ju said the dominance of Samsung Electronics and SK hynix in South Korea's Kospi index is justified by their outsized earnings contributions, with the t…
Apple has lobbied the Trump administration for permission to buy memory chips from Chinese manufacturer ChangXin Memory Technologies (CXMT), which is blacklisted by the Pentagon, as the AI boom drives…
Wall Street futures fell Friday as traders locked in profits from AI stock rallies, with the S&P 500 and Nasdaq futures down 0.6% and 1.4% respectively. Asian markets also plunged, led by Japan's Nikk…
South Korea's KOSPI index has surged nearly 200% year-on-year, driven by AI chip demand that propelled Samsung Electronics and SK Hynix to record highs. The two companies now account for 40% of the in…
South Korea's KOSPI crashed nearly 10% on June 23, triggering a circuit breaker, after Broadcom's Q3 AI chip guidance of $16 billion missed Wall Street's $17.2 billion estimate. The miss exposed the f…
Apple warned that memory chip shortages are forcing it to hike product prices, triggering a sharp sell-off in Asian tech stocks. South Korea's Kospi fell 6.9%, Japan's Nikkei 225 dropped 4.3%, and Tai…