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…
South Korean stocks tumbled nearly 6% on Friday as investors locked in profits after recent AI-led rallies, with the KOSPI losing 519.09 points to close at 8,411.21. The rout was driven by concerns th…
Asian technology stocks slumped after Apple raised prices for its products, stoking concern that rising component prices will curb demand for devices and slow the memory chip rally. South Korean memor…
Asian markets plunged Friday as investors sold to lock in gains from recent AI-driven rallies, with Tokyo's Nikkei 225 shedding 5% and Seoul's Kospi plunging 8.4%. Major semiconductor names including …
Asian stock markets fell sharply on Monday, with South Korea's Kospi index plunging about 8% and triggering a temporary trading halt, led by heavy losses in Samsung Electronics and SK Hynix. Japan's N…
South Korea's KOSPI index plunged over 8% on June 23, triggering a circuit breaker, as foreign investors sold $2.6 billion in shares amid a tech rout led by Samsung Electronics and SK Hynix. The sello…
Samsung Group is reportedly planning a long-term investment of up to 1,000 trillion won ($646 billion) in semiconductors, AI, batteries, and displays, aiming to expand South Korea's industrial base be…
Samsung Electronics and SK Hynix plan a $646 billion investment package to build a second major semiconductor cluster in South Korea, accelerating their timeline to 2034-2035 to meet explosive AI-driv…
South Korean stocks opened lower Friday, with the KOSPI falling 1.71% amid tech losses on Wall Street and profit taking after a sharp rise the previous session. Investors are concerned about valuation…