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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.
(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,
Oil prices climbed on Tuesday as US-Iran talks stalled, while South Korean calls for a social tax on AI profits dragged down the tech-rich Kospi index.South Korea is riding an AI chip boom driving massive earnings for tech giants Samsung and SK hynix and sending the Kospi to record highs in recent weeks.
Micron stock rallied as NSEU announced a strike at Samsung Electronics. Here’s why the potential 18-day walkout may prove bullish for MU shares.
Micron Technology (NASDAQ:MU) shares jumped 5. 75% on Monday as investors reacted to growing concerns over potential labor disruptions at Samsung Electronics and ongoing supply tightness in the memory chip market.
Investing.com -- Micron Technology (NASDAQ:MU) shares rose 5.75% Monday as labor unrest at Samsung Electronics and supply constraints drove optimism, with Deutsche Bank setting a $1,000 price target for the memory-chip maker, matching the Street high.
The AI-powered tech rally showed no signs of slowing down on Monday, as two red-hot chip stocks continued to surge. Micron Technology rose 2.8% as rival memory chip maker Samsung tried to avoid a general walkout.
Moderna jumps after the U.S. health department says a passenger on a repatriation flight tested mildly positive for hantavirus. Moderna says it’s working on an ‘early-stage and ongoing’ treatment for hantavirus.
Micron stock was rising along with SK Hynix. Their memory-chip rival Samsung could be about to take a hit to production.
<body><p>STORY: :: This video contains flashing images</p><p>British pop star Dua Lipa has filed a lawsuit against Samsung Electronics.</p><p>She's seeking at least $15 million in damages...</p><p>and is accusing the South Korean tech giant of using her image without permission to market its television sets.</p><p>The lawsuit alleges that Samsung featured a copyrighted image of the pop star on the front of cardboard boxes containing televisions for retail sale...</p><p>enabling the company to benefit from what seemed like her endorsement of the product.</p><p>The suit was filed on Friday in the California federal court.</p><p>A spokesperson for Samsung Electronics declined to comment, saying it was unable to comment on pending litigation.</p><p>Dua Lipa's lawyers didn't immediately respond to a request for comment on the case.</p><p>Besides copyright and trademark infringement, Dua Lipa has accused Samsung Electronics of breaching publicity rights.</p><p>Lipa's lawyers have attached screenshots of social media postings and comments in the filing.</p><p>One of these screenshots shows a fan commenting that they would get the TV, quote, "just because Dua is on it."</p></body>
Crude prices jumped on Monday morning after US President Donald Trump rejected Tehran’s response to the latest proposal on ending the war in Iran.View on euronews
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.
By Rhea Rose Abraham May 10 (Reuters) - British pop star Dua Lipa has filed a lawsuit against Samsung Electronics seeking at least $15 million in damages, accusing the South Korean tech giant of using her image without permission to market its television sets. The lawsuit alleges that Samsung featured a copyrighted image of the pop star on the front of cardboard boxes containing televisions for retail sale, enabling the company to benefit from what seemed like her endorsement of the product.
Customers paid a collective $59 million toward a gold smartphone that Trump Mobile promised would be “Made in the USA” — but that doesn’t seem to have actually been made.
(Bloomberg) -- As the focus moves away from the Iran war, investors and strategists alike are looking for the next leg up in equities. Many are turning to Asia. Most Read from BloombergTrump Wants to Make H-1B Workers More Expensive for US EmployersBillionaire Duke of Westminster to Sell £700 Million of US Real Estate AssetsOnline Mob Fuels 6,000% Stock Rally in Obscure SpaceX RivalTrump Punts Thorniest Iran Challenges in Push to Open HormuzIran War Is Draining World’s Oil Buffer at an Unprecede
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
Advanced Micro Devices Inc. (NASDAQ:AMD) is one of the best high volume stocks to invest in according to hedge funds. On May 5, AMD reported Q1 2026 revenue of $10.3 billion, a 38% increase year-over-year. The Data Center segment officially became the company’s primary growth engine, contributing $5.8 billion (up 57% year-over-year) due to high […]
Applied Materials, Inc. (NASDAQ:AMAT) is included among the 10 Best Inflation-Hedge Stocks to Buy for 2026. On May 8, HSBC initiated coverage of Applied Materials, Inc. (NASDAQ:AMAT) with a Buy rating. It also set a $517 price target on the stock. The firm said the company is well-positioned to benefit from growing demand for wafer […]
Introduction Over more than three decades, Arm evolved into a leading CPU architecture supplier for smartphones and embedded devices, licensing CPU architectures and core designs to customers such as Apple (AAPL), Qualcomm (QCOM), Nvidia (NVDA), Samsung, and MediaTek instead of manufacturing chips itself. In 2025, that business model began changing with the introduction of Arm’s ... Arm Is Quietly Becoming The CPU Backbone Of AI
INTC jumps after reports Apple is exploring U.S. chip production talks with Intel, boosting confidence in its growing foundry business.
8am: Futures point higher US stocks are set for a positive open on Friday, with futures pointing higher as Wall Street looks ahead to April's non-farm payrolls report, even as tensions in the Middle East flared overnight. Nasdaq futures are up 0.7%, S&P 500 futures have gained 0.5%,...
Samsung Electronics (KOSE:A005930) has agreed a partnership with French health tech company Withings. The collaboration links Galaxy Watch wearables with Withings devices to sync health data across both ecosystems. The companies plan to combine device data and app features to support more integrated health and wellness tracking. For Samsung, this move sits at the intersection of consumer electronics and digital health, two areas where user engagement often hinges on ecosystem depth rather...
Nintendo and Sony both flagged the impact from surging memory prices on their games businesses on Friday, as the artificial intelligence boom constrains chip supply and deepens disruptions across the tech sector. "Super Mario" maker Nintendo said that higher component costs, particularly memory, and the impact of tariffs is expected to add roughly 100 billion yen ($638 million) to costs in the current financial year. President Shuntaro Furukawa said the higher component costs, along with factors including exchange rates, were reflected in Nintendo's decision to hike prices of its Switch 2.
(Bloomberg) -- After Lip-Bu Tan became chief executive officer of Intel Corp. in March of last year, the struggling company’s shares went nowhere for seven months while the chipmaker was getting trounced in the market for artificial intelligence.Most Read from BloombergBillionaire Duke of Westminster to Sell £700 Million of US Real Estate AssetsUS Fires on Iranian Targets as Trump Demands Deal From TehranSony to Pay Almost $4 Billion for Bieber, Neil Young CatalogDOJ Plans Intervention in Trump
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.
