South Korean President Lee Jae Myung announced a national strategy to reinforce the country's leadership in semiconductors and expand AI infrastructure through large‑scale investment and new manufacturing capacity, saying the Asian nation must move faster than global rivals to secure the technologi…
Samsung Electronics, SK Hynix, and the South Korean government on Monday announced plans to invest about $590 billion to build a new chip complex, including four chipmaking plants, with the aim of doubling the country’s dynamic random access memory (DRAM) production capacity in five years.Shares of…
European AI-related stocks rally in early trade after Samsung and SK Hynix announced a major investment plan aimed at expanding supply capacity for in-demand memory chips. European suppliers to the two Korean companies rise, with ASML and ASM International up 0.5% and 1%, respectively. SK Hynix and…
By Jiyoung SohnSEOUL — Samsung Electronics and SK Hynix plan to invest more than $500 billion in a new chip-making hub in southwestern South Korea, collaborating with the government's push to bring the artificial-intelligence boom to less-developed regions.The initiative, announced by the South Kor…
By Kwanwoo JunSouth Korea has laid out plans for nearly $2 trillion of investment in semiconductor industries and artificial-intelligence infrastructure, with memory-chip leaders Samsung Electronics and SK Hynix committing to substantial new investments.More than 3 quadrillion won will be spent in…
By Kwanwoo JunSouth Korea has laid out plans for nearly $2 trillion of investment in semiconductor industries and artificial-intelligence infrastructure, with memory-chip leaders Samsung Electronics and SK Hynix committing to substantial new investments.More than 3 quadrillion won will be spent in…
SK Telecom Co Ltd KRX:017670:
By Kwanwoo JunSouth Korea's government has laid out plans for massive outlays in semiconductor industries and artificial-intelligence infrastructure, with memory-chip leaders Samsung Electronics and SK Hynix committing to substantial new investments.More than 3 quadrillion won, equivalent to nearly…
SK Hynix KRX:000660 said on Monday it is exploring various financing options for its planned new chip facilities in South Korea, including partnerships with global companies, with specific funding methods to be determined as its investment plans progress.The South Korean memory chip maker said it m…
South Korea's presidential office said on Monday that the government aims to complete the construction of a new chip cluster in the southwest of the country during President Lee Jae Myung's term.There will be no change in overseas investment plans of Samsung Electronics KRX:005930 and SK Hynix KRX…
By Junko FujitaJapan's Nikkei share average reversed course to end higher on Monday, as chip-related stocks cut losses after South Korea rolled out sweeping chip and AI mega-projects.The Nikkei TVC:NI225 closed 0.15% higher at 69,468.11, after falling as much as 1.97% earlier in the session. The br…
The Roundhill Memory ETF (DRAM) slipped 0.4% in overnight trading ahead of Monday, mirroring declines in Samsung Electronics and SK Hynix after reports said the South Korean memory giants are preparing to announce major investment plans.Samsung and SK Hynix might announce investment plans of up to…
Round-up of South Korean financial markets:** South Korean shares closed little changed on Monday, as chipmakers cut losses after a highly-anticipated announcement of "mega projects" on AI and data centre announcements.** The benchmark KOSPI KRX:KOSPI closed down 16.56 points, or 0.20%, at 8,394.65…
Chinese memory chipmaker ChangXin Memory Technologies (CXMT) has signed a long-term supply agreement with Tencent Holdings HKEX:700 worth more than 20 billion yuan ($2.94 billion) ahead of its blockbuster stock market debut, according to three people with knowledge of the matter.The agreement cover…
By Joyce Lee, Hyunjoo Jin and Heejin KimSouth Korea on Monday laid out a sweeping industrial strategy centred on semiconductors and artificial intelligence, as President Lee Jae Myung unveiled over $576 billion in investment to lock in global dominance and drive more balanced growth.The plan, ancho…
Samsung Electronics and SK Hynix plan to each build two new massive chip fabrication sites in South Korea's southwest region as part of a national project to build a chip production "ecosystem" valued at 800 trillion won ($517.87 billion), the government said on Monday.The plan was unveiled at the…
Samsung Electronics KRX:005930 and SK Hynix KRX:000660 plan to each build two new massive chip fabrication sites in South Korea's southwest region as part of a national project to build chip production "ecosystem" valued at 800 trillion won ($517.87 billion), the government said on Monday.The plan…
South Korea announced plans on Monday for semiconductor, physical AI and AI data centre mega-projects.President Lee Jae Myung was joined by the leaders of Samsung Electronics KRX:005930 and SK Hynix KRX:000660, the world's two largest memory chipmakers for the televised announcement.
SK Hynix (SKHX) and Samsung Electronics (SMSN) tokens on the Hyperliquid platform fell over the past 24 hours, with SKHX at $1,672, down about 3.5%, and SMSN at $208.7, down about 5.8%. According to BlockBeats On-chain Detection, Hyperinsight monitoring showed leveraged long positions—especially th…
Round-up of South Korean financial markets:** South Korean shares fell more than 1% on Monday, as chipmakers slumped following sharp losses in U.S. peers in the previous session, while investors' focus was also on a highly anticipated investment project announcement by the government and chipmakers…
