By Kwanwoo JunSouth Korea's exports were powered by the unabated demand for advanced chips to fuel the global artificial-intelligence boom, resulting in their largest increase in nearly five decades.The sharp rise in exports came days after the South Korean government--together with top memory-chip…
By Hyunjoo Jin and Heekyong YangSamsung Electronics and SK Hynix are making one of the biggest bets yet on the artificial intelligence boom with investments worth hundreds of billions of dollars, but the planned capacity buildout is stoking fears of a painful reckoning if AI spending cools.The tech…
South Korea is preparing a massive AI infrastructure push, with companies including Samsung Electronics (SSNLF), SK Hynix (HXSCL) and Naver (NHNCF) expected to invest at least 1,350 trillion won, or about $880 billion, across chips and data centers. Samsung Group and SK Group plan to build two chip…
South Korea's AI chip boom could be creating a major new opportunity for the country's wealth managers, as average wealth per adult has surged 44% since 2020, the fastest pace globally, according to UBS. Samsung Electronics (SSNLF) and SK Hynix (HXSCL), which supply about 80% of the world's high-ba…
By Asa FitchIf you're already anxious about the AI spending bubble and its global economic risks, maybe don't read the latest annual report from the Bank for International Settlements.The report, released Monday, lays out in unsettling detail how an AI bust could throw the global financial system i…
By Hyunjoo Jin and Heekyong YangSamsung Electronics and SK Hynix are making one of the biggest bets yet on the artificial intelligence boom with investments worth hundreds of billions of dollars, but the planned capacity buildout is stoking fears of a painful reckoning if AI spending cools.The tech…
By Hyunjoo Jin and Heekyong YangSamsung Electronics and SK Hynix are making one of the biggest bets yet on the artificial intelligence boom with investments worth hundreds of billions of dollars, but the planned capacity buildout is stoking fears of a painful reckoning if AI spending cools.The tech…
Round-up of South Korean financial markets:** South Korean shares logged their best quarter in nearly 30 years on Tuesday on the back of chipmakers' blistering rally.** The benchmark KOSPI KRX:KOSPI ended the quarter up 68%, the biggest since the fourth quarter of 1998 when the internet was still i…
New investment plans by South Korean chip makers Samsung Electronics and SK Hynix will likely have only a limited impact on global memory supply-demand conditions over the next three to five years, given the time required for the investments to materialize, Daiwa Capital's SK Kim says. The analyst…
Round-up of South Korean financial markets:** South Korean shares reversed early gains to trade lower on Tuesday, as volatility in heavyweight semiconductor stocks weighed on the broader market, with investors turning cautious about the durability of the AI-driven chip rally.** The benchmark KOSPI…
Samsung Electronics (005930) cited as a lead in South Korea’s government-backed semiconductor and AI projects; traders note major planned investments and new southwest fabs and pac
South Korea unveiled a sweeping semiconductor and AI strategy Monday, with President Lee Jae Myung announcing more than $576 billion in chip investment anchored by Samsung Electronics (005930) and SK Hynix (000660). Samsung closed down 4.86% and SK Hynix fell 1.68% in Seoul trading. The two chipmak…
South Korean stocks recovered much of their earlier losses after Samsung Electronics (SSNLF) and SK Hynix (HXSCL) unveiled major investment plans tied to the country's AI push. The Kospi finished down just 0.2%, after falling as much as 3.4%, as investors weighed the impact of massive chip spending…
South Korean technology giants Samsung (SSNLF) and SK Hynix KRX:000660 have announced plans to jointly invest $518 billion U.S. in a new microchip and semiconductor manufacturing plant.The chipmaking hub will be located in South Korea’s southwest region and is a response to surging artificial intel…
South Korea announced three "mega projects" on Monday covering semiconductors, physical AI and AI data centres, with Samsung Electronics KRX:005930, SK Group and government ministries outlining investment plans.Below is a summary of the investments and targets announced at the event and in corporat…
SEOUL (dpa-AFX) - South Korea has unveiled mega plans to enhance the country's chip manufacturing and artificial intelligence (AI) capabilities thruogh corporate investments.Under the plan announced by President Lee Jae-myung on Monday, Samsung Electronics and SK Hynix will develop a semiconductor…
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…
