By Caitlin McCabeTech stocks are rising to kick off a week that will challenge investors' appetite for the AI trade again.The Nasdaq composite is up about 1%, a sign traders are brushing off the AI worries that have jolted stocks in recent weeks.That optimism will face a test tomorrow, when chip gi…
South Korea is exploring the creation of a new investment fund backed by excess tax revenue from its booming semiconductor industry, as the government looks to redirect AI-driven chip profits into long-term economic growth. President Lee Jae Myung's chief of staff, Kang Hoon-sik, said the fund woul…
South Korea is weighing the creation of a new investment fund backed by excess tax revenue from its booming semiconductor industry, as policymakers look to convert the AI chip boom into longer-term economic growth. Samsung Electronics (SSNLF), South Korea's largest electronics and semiconductor com…
By Wayne Cole and Harry RobertsonU.S. futures ticked higher and European stocks traded near record highs on Monday as the potential for increased energy supplies pulled down oil prices, while investors awaited a crucial earnings season for the AI sector.While there were no new developments in the f…
By Jules RimmerMedia reports Samsung is set to hike prices of its best-selling chips by 20%Tower cranes are seen at the construction site of the Samsung Electronics factory in Pyeongtaek on May 28, 2026. A U.S. listing may inject new capital to help finance this kind of new investment that Samsung…
South Korean President Lee Jae Myung on Monday ordered officials to move quickly to get to work on major chip and AI projects announced last week.He warned that delays in permits, land acquisition, and securing power and water supply could undermine the country's bid to dominate advanced industries…
SAMSUNG TO SERVE CHIP TASTER FOR EARNINGS FEASTIt's been one of the quietest starts to a week in ages, with no new wars, or tariffs and much of the world watching the football.There has been no reported progress in U.S.-Iran peace talks, but at least the Strait of Hormuz is partly open. The UKMTO c…
By Wayne ColeAsian share markets sputtered on Monday as caution took hold ahead of a crucial earnings season for the AI sector, while the potential for increased supply weighed on oil prices and promised relief from inflationary pressures.While there were no new developments in the fractious U.S.-I…
South Korea has decided to develop a chip industrial complex in the country's southwest region at the site of a military airport at Gwangju, South Korea's presidential chief of staff Kang Hoon-sik said on Monday.
Samsung Electronics is likely to estimate that its operating profit jumped about 18-fold to another record high from a year earlier in the second quarter, as AI growth continues to strain memory supply and push chip prices higher.On Tuesday, the world's largest memory chipmaker by sales is likely t…
By Wayne ColeAsian share markets eased on Monday as caution took hold ahead of a crucial earnings season for the artificial intelligence sector, while the potential for increased supply weighed on oil prices and promised relief from inflationary pressures.While there were no new developments in the…
U.S. memory stocks were rallying overnight late Sunday after sharp declines in the past week as traders set positions ahead of the upcoming quarterly report of the world’s largest memory chipmaker, Samsung Electronics.Western Digital Corp shares rose 3.3%, while SanDisk Corp, Micron, and Seagate Te…
South Korea’s Kospi jumped as much as 2.7% on Monday, led by chipmakers Samsung Electronics and SK Hynix ahead of closely watched earnings. The index briefly traded above 8,300 points before easing toward 8,150, according to BeInCrypto, while Japan’s Nikkei 225 rose 0.73% and broke above 70,000 as…
South Korean President Lee Jae Myung on Monday ordered officials to move quickly to get to work on major chip and AI projects announced last week.He warned that delays in permits, land acquisition, and securing power and water supply could undermine the country's bid to dominate advanced industries…
By Wayne ColeAsian share markets were mostly firmer on Monday, as Wall Street futures started the week with gains on hopes for an upbeat earnings season, while easing oil prices promised relief from inflationary pressures.While there were no new developments in the fractious U.S.-Iran peace talks…
South Korean chipmaker SK Hynix KRX:000660 will on Monday launch its about $28 billion U.S. listing, according to its regulatory filings, in one of the world's largest new share sales as it capitalizes on the global AI boom.The company will sell 17.79 million new shares in the depository receipt li…
South Korea plans to establish a future fund using extra tax revenue generated by a semiconductor boom to invest in growth engines, support for younger generations and efforts to address widening inequality, a top government official said on Sunday.Speaking at a meeting between the government and t…
Citi’s Peter Lee called Samsung Electronics (005930) pullback a technical correction and forecasts Q2 operating profit of KRW 8.4 trillion, citing strong AI CPU demand and firmer s
By Jules RimmerKospi volatility is at an all-time highReports of Anthropic awarding a major contract to Samsung sparked a major rally in Seoul, after a week of savage price moves.Reports that Anthropic is holding discussions with Samsung Electronics (KR:005930) about a major contract to manufacture…
By Patrick O'DonnellThe world's hottest index was saved again by the world's hottest stock play.The KOSPI index staged a dramatic, V-shaped recovery Friday — after dropping as low as 7,300 in the morning, South Korea's benchmark ended the session up 5.76% to close at 8,088.34.It followed a brutal t…
