Samsung Group has put a number on its next decade of domestic manufacturing: 140 trillion won, or roughly $90 billion, spread across displays, memory chips, batteries and chip-packaging materials in South Korea’s central Chungcheong provinces. Samsung Display chief executive Yi Chung laid out the breakdown on Thursday at an event in Asan hosted by President […]
South Korea has placed its biggest bet yet on the AI era. The plan commits at least $880bn over a decade to chips, data centres and robots. It is the boldest South Korea AI investment to date, and the government says speed is now the only way to survive. President Lee Jae Myung unveiled the […]
A London court already found 26 of Samsung’s smartwatch faces infringed Swatch trademarks. Now the two sides are fighting over the bill. The fight between a Swiss watchmaker and the world’s largest phone maker has come down to a number, and the number is $170m. Swatch is asking the High Court in London to make […]
Numbers in the trillions have a way of losing their edges, so it is worth holding this one still for a moment. Samsung is expected to announce plans to invest 1,000 trillion won, around $647.5bn, in South Korea over the next 10 years, according to local media reports that several outlets carried on 25 June. […]
Samsung Electronics is preparing a share buyback worth about 90 trillion won, one of the largest repurchase programmes a South Korean company has attempted, the Yonhap News Agency reported on Wednesday, citing unidentified industry sources. The figure works out to $58.61bn at the won’s current level, and the news sent Samsung shares up more than 6% […]
A presidential adviser says AI demand could pull forward the next phase of fab construction by more than a decade, and that the country needs somewhere to put it. South Korea’s government is in talks with Samsung Electronics and SK Hynix about the next phase of large-scale investment in chip manufacturing, a presidential adviser said […]
The semiconductor super-cycle has made South Korea’s chip workers extraordinarily well paid, and the country’s central bank is now worried about what happens when that money hits the wider economy. The Bank of Korea warned this month that performance bonuses at Samsung Electronics and SK Hynix could spread into broader wage increases and add upward […]
Asian technology stocks surged on Monday after the United States and Iran announced a peace agreement, with AI and semiconductor companies posting the largest gains. SoftBank rose 10 per cent, SK Hynix climbed 6.42 per cent, and Samsung Electronics gained 4.5 per cent. Japan’s Nikkei 225 topped 69,000 for the first time in history. The […]
