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Samsung Elec union threatens to walk out of pay talks if no mediation proposal
Reuters93d agoneutral
Samsung Elec union threatens to walk out of pay talks if no mediation proposal

Samsung Electronics' labour union in South Korea said on Tuesday it would walk out ‌of ongoing pay negotiations if no mediation proposal was ‌offered within two hours. The company is sticking to its proposal of assigning 10% of operating profit to a performance bonus pool, union representative Choi Seung-ho told reporters. He ‌said it has been ⁠waiting for a mediation proposal for three hours.

Korea Roils Market by Floating ‘Citizen Dividend’ From AI
Bloomberg93d agoneutral
Korea Roils Market by Floating ‘Citizen Dividend’ From AI

(Bloomberg) -- A top South Korean policymaker said the nation should pay citizens a “dividend” using taxes on AI profits, underscoring growing pressure to redistribute gains from a boom that’s enriched chipmakers like Samsung Electronics Co. and SK Hynix Inc.Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyEpstein's Black Card: How He Moved Women With His AmexModi Asks Indians to Stop Buying Gold,

Asian shares are mixed and oil jumps 4% after Trump rejects Iran's response to ceasefire proposal
Associated Press94d agoneutral
Asian shares are mixed and oil jumps 4% after Trump rejects Iran's response to ceasefire proposal

Asian stocks were mixed Monday after Wall Street set more records, and oil surged more than 4% following U.S. President Donald Trump’s rejection of Tehran’s response to the latest U.S. proposal on ending the war in Iran. Tokyo’s Nikkei 225 fell 0.4% to 62,486.84 after briefing reaching another record high in intraday trading at above 63,300. Technology-related stocks and growing artificial intelligence-related interest have supported markets in Japan and South Korea despite the Iran war, with the Nikkei 225 and Kospi rising more than 10% and 30%, respectively, over the past month.

Arlo Technologies Q1 Earnings Call Highlights
MarketBeat96d agoneutral
Arlo Technologies Q1 Earnings Call Highlights

Arlo Technologies (NYSE:ARLO) reported record first-quarter 2026 revenue and earnings, with management pointing to rapid growth in paid accounts, higher average revenue per user and expanding services margins as the main drivers of the quarter. CEO Matt McRae described the period as a “spectacular

Samsung Electronics' union says to enter mediation over wage dispute
Reuters97d agoneutral
Samsung Electronics' union says to enter mediation over wage dispute

Samsung Electronics' union said on Friday it will enter a ‌mediation process with the company on ‌May 11 and 12 over a wage dispute that ​has threatened to escalate into a full-blown strike at the company. Negotiators from the union, management and the government met on Friday, with Labour Ministry officials pledging "full support" for talks between the two sides, the union said. Shares of Samsung Electronics jumped ‌2.6% in after-hours trading ​in Seoul.

Investing.com98d agoneutral
ASML to reap benefits from demand from Low-NA EUV adoption

Investing.com -- Semiconductor equipment giant ASML is expected to benefit more from strong demand for existing EUV lithography systems than from the industry’s next-generation High-NA technology over the next several years, according to a new research report from BofA Securities.

Bloomberg98d agoneutral
Google Launches $100 Fitbit Air Without a Screen to Rival Whoop

(Bloomberg) -- Alphabet Inc.’s Google on Thursday launched the Fitbit Air, a $100 screenless fitness band aimed squarely at taking on Whoop Inc. and other makers of health and fitness wearables that forgo displays. Most Read from BloombergUS Has Opened a Passage Through Hormuz, Central Command SaysBillionaire Duke of Westminster to Sell £700 Million of US Real Estate AssetsDOJ Plans Intervention in Trump Supreme Court Carroll AppealChina Asks Banks to Pause New Loans to US-Sanctioned RefinerSony

Asia's tech giants give AI bull run a new centre of gravity
Reuters98d agoneutral
Asia's tech giants give AI bull run a new centre of gravity

Just as the world's AI bulls looked to be running out of puff, a fresh investor frenzy has hit Asia's tech names, making Seoul's stock market the world's hottest and delivering bonuses of half a million dollars to workers at one Korean chipmaker. Asia's three most valuable companies are chipmakers - ‌Taiwan Semiconductor Manufacturing Co, Samsung Electronics and SK Hynix - and their recent record earnings have put the spotlight on their critical role in the global AI supply chain. Chip revenues leapt nearly ‌50 times at Samsung last quarter and South Korea's benchmark KOSPI has doubled in little more than six months.

Forget Tariffs: An Apple-Intel Deal Could Be the Biggest Manufacturing Story of the Trump Era
24/7 Wall St.99d agoneutral
Forget Tariffs: An Apple-Intel Deal Could Be the Biggest Manufacturing Story of the Trump Era

Apple (NASDAQ:AAPL) just posted its best March quarter ever at $111.18 billion, while Intel (NASDAQ:INTC) followed with a sixth consecutive revenue beat. Now Bloomberg reports Apple is in early talks to use Intel and Samsung as U.S. chip suppliers. That single thread reframes both earnings reports. iPhone 17 Carries Apple. Foundry Carries Intel. Apple’s quarter ... Forget Tariffs: An Apple-Intel Deal Could Be the Biggest Manufacturing Story of the Trump Era

Samsung says to discontinue China sales of some consumer electronics products
Reuters99d agoneutral
Samsung says to discontinue China sales of some consumer electronics products

Samsung Electronics, a maker of TVs and home appliances, said on Wednesday that it has ‌decided to discontinue sales of some consumer electronics products ‌in mainland China amid intensifying competition in the local market. "The company will make ​every effort to minimize any impact on customers resulting from this decision, and is reviewing various support measures for business partners," Samsung said in a statement, following earlier reports in South Korean media about ‌the exit of its ⁠TV and home appliance sales in China. While Samsung's memory chip business is enjoying a profit surge due ⁠to AI boom, its other products such as TVs, home appliances and mobile phones face mounting competition from Chinese rivals in China ​and elsewhere.

Will the Iran Crisis Cause a Global Recession?
The Wall Street Journal99d agoneutral
Will the Iran Crisis Cause a Global Recession?

He cited “great progress” in talks with Iran. The International Monetary Fund published its 180-page World Economic Outlook three weeks ago. The differences between that and its now more likely “adverse” or “severe” scenarios aren’t small, and investors should take note as the Strait of Hormuz remains blocked.

Tech Enthusiasm Catapults Korean Stocks to New Record
The Wall Street Journal99d agoneutral
Tech Enthusiasm Catapults Korean Stocks to New Record

The benchmark index crossed the 7,000 mark for the first time ever, largely thanks Samsung Electronics, one of the world’s largest memory-chip makers and a heavyweight in the index. Samsung’s shares climbed more than 14%, ushering the company into the rarefied club of companies with a market valuation of more than $1 trillion. Samsung said during its earnings call last week that its production capacity was already fully sold out for this year.

Samsung Hits $1 Trillion Valuation, Joining TSMC in Elite Club
Bloomberg99d agoneutral
Samsung Hits $1 Trillion Valuation, Joining TSMC in Elite Club

(Bloomberg) -- Samsung Electronics Co.’s market valuation topped $1 trillion after shares in the world’s largest memory maker more than quadrupled over the past year on booming demand for the chips used in artificial intelligence.Most Read from BloombergUS Has Opened a Passage Through Hormuz, Central Command SaysAnthropic Unveils AI Agents to Field Financial Services TasksUS Says Offensive Phase of Iran War Over as Ship Hit in StraitTrump Pauses Plan to Guide Ships While Seeking Iran DealWhite H

Atomera Q1 Earnings Call Highlights
MarketBeat99d agoneutral
Atomera Q1 Earnings Call Highlights

Atomera (NASDAQ:ATOM) executives said the company made progress across several customer engagements during its first-quarter 2026 earnings call, highlighting momentum in advanced logic, memory, RF, power devices, and gallium nitride (GaN) applications for its Mears Silicon Technology (MST). Gate-Al

Samsung Electronics' board chairman urges union to resolve pay disputes
Reuters100d agoneutral
Samsung Electronics' board chairman urges union to resolve pay disputes

The board chairman of Samsung Electronics has ‌urged unionised workers to resolve ‌pay disputes with management, warning that a ​planned strike could hurt investors and employees and have "serious consequences" for the Korean economy. In an internal memo ‌to employees ⁠on Tuesday, Shin Je-yoon said he was "worried about losing market leadership ⁠amid fleeing customers and falling competitiveness" if strikes disrupted deliveries and ​production, according ​to a ​Samsung statement. Such disruption ‌at the chipmaker, South Korea's largest company by revenue, could trigger capital outflows, a drop in national tax revenue, and a weakening of ‌the won currency, ​he said.

Apple holds talks with Intel, Samsung for US chipmaking, Bloomberg News reports
Reuters100d agoneutral
Apple holds talks with Intel, Samsung for US chipmaking, Bloomberg News reports

Apple has held exploratory discussions about using Intel and Samsung Electronics to produce ‌the main processors for its devices, Bloomberg ‌News reported on Monday, citing people familiar with the deliberations. Apple executives ​have made visits to a Samsung plant under development in Texas and, separately, also held preliminary talks with Intel about enlisting the company's chipmaking services, Bloomberg reported. While ‌the move would ⁠offer Apple a secondary option beyond its longtime partner Taiwan Semiconductor Manufacturing Co, the ⁠iPhone-maker is also concerned about using non-TSMC technology, the report said, citing worries about reliability and scale.

Apple Explores Using Intel and Samsung to Build Main Device Chips in the US
Bloomberg100d agoneutral
Apple Explores Using Intel and Samsung to Build Main Device Chips in the US

(Bloomberg) -- Apple Inc. has held exploratory discussions about using Intel Corp. and Samsung Electronics Co. to produce the main processors for its devices in the US, a move that would offer a secondary option beyond longtime partner Taiwan Semiconductor Manufacturing Co.Most Read from BloombergUS Has Opened a Passage Through Hormuz, Central Command SaysChina’s Unprecedented Defiance of US Sanctions Triggers ShowdownUS and Iran Trade Fire in Gulf, Jolting Four-Week-Old TruceFormer NYC Mayor Gi

AI Chipmakers in Korea, Taiwan Drive Asian Stocks to Record
Bloomberg101d agoneutral
AI Chipmakers in Korea, Taiwan Drive Asian Stocks to Record

(Bloomberg) -- A rally in shares tied to artificial intelligence helped Asia’s stock benchmark wipe out losses sparked by the Iran war and climb back to an all-time high.Most Read from BloombergBeijing Tells China Firms to Ignore US Sanctions on RefinersSupertanker Appears to Have Crossed the Strait of HormuzWorld’s Largest Container Carrier Plans Route Avoiding HormuzFormer NYC Mayor Giuliani in Critical Condition, Trump SaysPhilippines Says Thousands Evacuated as Mayon Volcano EruptsThe MSCI A

Samsung Electronics appoints new TV chief amid mounting competition
Reuters101d agoneutral
Samsung Electronics appoints new TV chief amid mounting competition

Samsung Electronics, the world's No. 1 TV maker, has replaced its TV ‌head for the first time in more than ‌two years, as it faces mounting competition from Chinese rivals at home ​and abroad. Samsung said in a statement on Monday that it has appointed Lee Won-jin, who was previously head of the Global Marketing Office, as the new head of its ‌Visual Display Business, ⁠succeeding Yong Seok-woo, who will serve as an adviser. Samsung usually carries out its annual management ⁠reshuffle around December, and the company did not disclose the reason for the replacement.

UK court orders Samsung to pay China's ZTE a $392 million lump sum after patent trial
Reuters103d agoneutral
UK court orders Samsung to pay China's ZTE a $392 million lump sum after patent trial

LONDON, May 1 () - Samsung Electronics must pay a $392 million lump sum for a licence to use ‌ZTE's patents for mobile phones, London's High Court ‌ruled on Friday in the English leg of the companies' global licensing ​dispute. ZTE has brought parallel lawsuits against Samsung in China, Germany and Brazil as the two companies battle over the terms on which Samsung can use ZTE's patents, and most ‌importantly the cost.