Quartz38d agoneutral
Samsung SK Hynix $520 billion chip plants South Korea 2026Each company will build two new fabrication plants in the country's southwest as AI demand strains existing capacity
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Proactive38d agoneutral
Dow, Nasdaq and S&P stock futures point higher as uneasy Iran truce holdsAhead of the bell US stock futures rose on Monday after reports that Washington and Tehran had agreed to halt the tit-for-tat attacks that broke out over the weekend, allowing peace talks to continue. Nasdaq 100 futures climbed 1.2%, while S&P 500 futures added 0.8%, following sharp...
Investing.com38d agoneutral
New leader board: Citi refreshes AI compute semiconductor picksInvesting.com -- Citi analysts have updated the firm’s AI compute semiconductor stock rankings following the latest quarterly earnings updates, telling investors in a note that AI compute demand remains undersupplied.
Bloomberg38d agoneutral
Microsoft’s $570 Billion Rout Sets Up Its Worst Month Since 2000(Bloomberg) -- Microsoft Corp. shares are heading for their worst month since the dot-com era as investors continue to fret about how the software giant will fare in a world marked by artificial intelligence.Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsUS and Iran Agree to Halt Attacking Each Other Ahead of TalksOil Trades Near Four-Month Low as US and Iran Halt Fresh AttacksAramco Helicopter Crash in Ras Tanura Kills All 14 on BoardPrabowo Risks Prompt
Reuters Videos38d agoneutralVIDEO
South Korea unveils $576 billion AI-chip investment<body><p>STORY: South Korea rolled out sweeping chip and AI mega-projects on Monday.</p><p>President Lee Jae Myung pledged investments worth more than $576 billion over several years.</p><p>:: SK Hynix </p><p>It’s a move that aims to cement the nation’s overwhelming industry leadership.</p><p>Lee was joined for the announcement by the leaders of Samsung Electronics and SK Hynix.</p><p>:: Samsung</p><p>High-bandwidth memory (HBM) chips produced by both tech giants have become pivotal in the global race to build advanced AI systems. </p><p>Lee said the world’s two largest memory chipmakers will invest around $518 billion with suppliers to build two new chip fabrication sites each in South Korea's southwest region.</p><p>He announced plans for the southwest to host major chip production clusters, drawing on abundant, underused power.</p><p>:: SK Hynix </p><p>Lee defended this proposed new hub over the weekend as a "national survival strategy" to ease regional imbalances and expand capacity for the AI era.</p><p>Representatives of other firms including LG Electronics and HD Hyundai Robotics also attended.</p></body>
AFP38d agoneutral
'One-time opportunity': South Korea bets big on AI boomHuge demand for the components that power artificial intelligence presents South Korea with an opportunity to bolster its chip industry against rivals such as China, analysts say.With China in particular racing to develop its tech industry, Seoul sees the boom period as a "one-time opportunity" to close the gap, said Lian Jye Su, a chief analyst at Omdia.
Motley Fool38d agoneutral
SK Hynix Just Sent a Huge Warning to Micron InvestorsMicron's biggest competitor is raising capital to fund major spending plans.
Reuters38d agoneutral
Factbox-Key facts on South Korea's three chip and AI 'mega projects'SEOUL, June 29 (Reuters) - South Korea announced three "mega projects" on Monday covering semiconductors, physical AI and AI data centres, with Samsung Electronics, SK Group and government ministries
The Wall Street Journal38d agoneutral
Tech, Media & Telecom Roundup: Market TalkFind insight on LG Display, Apple, SK Hynix and more in the latest Market Talks covering Technology, Media and Telecom.
The Wall Street Journal38d agoneutral
Stocks to Watch: BAT, Palantir Technologies, Verizon↘️British American Tobacco (UK: BATS): The tobacco giant and maker of Dunhill cigarettes saw its London-listed shares drop more than 1% after it announced plans to cut 5,500 jobs and outsource a further 3,500 roles.
Barrons.com38d agoneutral
How Micron Stock Will Fight Off Rivals’ $500 Billion Memory-Chip MoveMicron stock was gaining despite SK Hynix and Samsung being set to spend a combined 800 trillion won ($518.58 billion) to build new chip-making hubs in southwest Korea
Stocktwits38d agoneutral
DRAM Dips Premarket: Samsung, SK Hynix Announce $590B Expansion Push As South Korea Plans To Double DRAM CapacitySamsung and SK Hynix plan to build two chipmaking plants apiece for $518 billion. The South Korean government is lining up the remaining investment in the broader infrastructure.
The Wall Street Journal38d agoneutral
Samsung, SK Hynix Outline Massive Investments~ $2 trillion That's how much South Korean chipmakers Samsung Electronics and SK Hynix, along with affiliate companies and the country's government, plan to spend on creating new semiconductor and AI industry hubs in the years to come.
The Wall Street Journal38d agoneutral
Samsung, SK Hynix to Spend $520 Billion on Chip Plants in South KoreaThe world’s two largest memory-chip makers said their existing investments wouldn’t be enough to meet demand, amid a worldwide shortage.
Associated Press38d agobullish
South Korean tech giants to build a $518 billion chipmaking hub to serve soaring AI demandSouth Korean tech giants Samsung Electronics and SK Hynix said Monday they will invest a combined 800 trillion won ($518 billion) in building a new computer chipmaking hub in the country’s southwest region, capitalizing on surging artificial intelligence -driven demand. President Lee Jae Myung joined the companies’ chairs Monday in announcing the plan, which dovetails with the government’s efforts to expand investment beyond the greater Seoul metropolitan area, the country’s economic center and heart of its semiconductor sector.
Bloomberg38d agoneutralVIDEO
South Korea's Massive AI Investment PushSouth Korea is launching a 1,350 trillion won ($880 billion) plan in corporate investments to build out critical AI infrastructure and cement its global dominance in the semiconductor market. President Lee Jae Myung called the sweeping mega-project a "national survival strategy" for the AI era. Bloomberg's Avril Hong breaks down the press conference, where President Lee was joined by the CEOs of tech giants Samsung and SK Hynix to outline the multi-year roadmap.
Bloomberg38d agoneutral
Korean Stocks Rebound as Samsung, SK Hynix Unveil Spending Plan(Bloomberg) -- South Korean stocks recouped earlier losses as Samsung Electronics Co. and SK Hynix Inc. pledged massive investment during a government briefing that underscored the country’s commitment to AI development.Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsAramco Helicopter Crash in Ras Tanura Kills All 14 on BoardOil Pares Early Gains as US, Iran Halt Attacks After Flare-UpUS and Iran Agree to Halt Attacking Each Other Ahead of TalksAn Analyst’s
AFP38d agoneutral
South Korea to invest nearly $1.2 tn in chips, AI data centresSouth Korea will invest nearly $1.2 trillion -- equivalent to more than two-thirds of its GDP -- in a new chip-building hub and AI data centres over several years, as it seeks to profit from soaring demand while developing previously neglected regions.The government also announced a separate investment of a quadrillion won (around $650 billion) in AI data centres over the next 10 years.
Stocktwits38d agobearish
Why Is DRAM Falling Today? Samsung, SK Hynix Are Reportedly Preparing $1.3 Trillion Investment PlanSamsung shares dropped 4% in Seoul on Monday, while SK Hynix shares dipped nearly 2%.
The Wall Street Journal38d agobullish
Korea’s Chips Rally Is Driving Its Stock Market Into a Danger ZoneThe rally driven by the global artificial-intelligence boom has exposed structural vulnerabilities in a stock market unaccustomed to wild swings.
Reuters38d agoneutral
Samsung Electronics, SK Hynix to invest in two new fabrication sites in South Korea, government saysSamsung 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 chip production "ecosystem" valued at 800 trillion won ($517.87 billion), the government said on Monday. The plan was unveiled at the announcement of three new "mega-projects" by the country and the global chip giants to spur growth and dominate the AI sector. ($1 = 1,544.8000 won)
Associated Press38d agoneutral
Asian shares are mixed as tech stocks fall in Japan and South KoreaAsian markets were mixed on Monday as selling of artificial intelligence-related shares pulled benchmarks in Japan and South Korea lower, though gains for other stocks helped offset those losses. U.S. futures advanced and oil prices gained, though they remained close to the levels they were at before the Iran war began in late February. Tensions between the U.S. and Iran escalated over the weekend as Iran launched fresh drone and missile attacks on Bahrain and Kuwait in response to new U.S. airstrikes, adding to uncertainties clouding the global economic outlook.
BeInCrypto38d agobearish
Samsung and SK Hynix Fall Despite Separate $1.3 Trillion Chip PlansSamsung and SK Hynix both dropped Monday as tech selloff pressure and a regulatory setback outweighed trillion-dollar chip pledges.
Reuters38d agoneutral
South Korea unveils massive AI and chip investment driveSouth Korea rolled out sweeping chip and AI mega-projects on Monday, as President Lee Jae Myung pledged to cement overwhelming industry leadership with investments spanning hundreds of billions of dollars over several years. The announcement marks Lee's boldest push yet to align South Korea's AI and chip ambitions with his pledge to narrow regional disparities and revive economies beyond the Seoul metropolitan area. Lee was joined by the leaders of Samsung Electronics and SK Hynix, the world's two largest memory chipmakers, for the televised announcement.
Reuters38d agoneutral
South Korean President to unveil massive AI and chip investment driveBy Joyce Lee SEOUL, June 29 (Reuters) - South Korea is set to unveil three "mega-projects" to fuel its next growth phase, including a new semiconductor hub in the southwest that local media say could
Bloomberg38d agoneutral
Samsung, SK Reportedly to Invest $1.3 Trillion Over 10 Years(Bloomberg) -- South Korea’s Samsung Group and SK Group are poised to announce as much as 2,000 trillion won ($1.3 trillion) of investments over the next decade as part of President Lee Jae Myung’s flagship industrial strategy, Korea Economic Daily reported Monday. Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsAramco Helicopter Crash in Ras Tanura Kills All 14 on BoardAnthropic’s Mythos 5 AI Model Cleared by US for Wider UseUS Launches Fresh Strikes on Ir
Bloomberg38d agoneutral
China, India See Top Firms Lose Market Cap Share in AI Lag(Bloomberg) -- China, India, and Hong Kong have emerged as the only major stock markets worldwide where top companies account for a smaller share of market capitalization than a year ago, underscoring their lag in the global AI race.Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsAramco Helicopter Crash in Ras Tanura Kills All 14 on BoardAnthropic’s Mythos 5 AI Model Cleared by US for Wider UseUS Launches Fresh Strikes on Iran Targets After Drone HitsAn Ana
Simply Wall St.39d agobullish
Samsung Electronics (KOSE:A005930) Board Is Weighing A Big Share BuybackSamsung Electronics (KOSE:A005930) has placed a substantial share repurchase program on the agenda for its next Board of Directors meeting. The board is expected to review the potential buyback and its scope at an upcoming session, with outcomes yet to be announced. If approved, the move would add a fresh element to Samsung Electronics' capital management approach and shareholder return policy. Samsung Electronics sits at the center of global technology supply chains, with core businesses...
Yahoo Finance39d agoneutral
Emerging markets are now an AI chip trade: Chart of the DayIt's getting harder to diversify out of the global AI chip trade.
Insider Monkey39d agoneutral
Amkor Technology, Inc. (AMKR) Is A “Secret Weapon,” Says NewsletterAmkor Technology, Inc. (NASDAQ:AMKR) is one of the Top 13 Stocks That Will Skyrocket. This stock is part of a pitch by Ian King and George Gilder. They start by touting it as a “50-year veteran in the chip industry that’s finally coming to America.” In fact, this firm is so important that it’s been […]