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Nvidia just locked down deal that changes AI race
TheStreet16d agoneutral
Nvidia just locked down deal that changes AI race

South Korean President Lee Jae Myung flew to San Francisco on July 24 for a summit with the most powerful names in artificial intelligence. Jensen Huang was there. Sam Altman was there. The heads of Samsung, SK Group, Hyundai Motor and Naver flew in. By the end of the day, roughly $950 billion in ...

Korea's chipmakers prepare big U.S. deals in Silicon Valley
TheStreet17d agoneutral
Korea's chipmakers prepare big U.S. deals in Silicon Valley

Samsung Electronics and SK Hynix are preparing to unveil major supply agreements with American technology companies during President Lee Jae Myung’s visit to Silicon Valley. The negotiations behind these deals have been running for months. What changed is the venue, and that detail says something ...

Bloomberg17d agobullish
Samsung Wins $200 Billion Order to Supply Chips to Broadcom

(Bloomberg) -- Samsung Electronics Co. won a contract worth more than $200 billion to make chips for Broadcom Inc., as the companies race to win a larger share of the AI infrastructure market.Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandSpaceX at $100 Would Imply Zero AI Value, Morgan Stanley SaysHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueTrump Seethes as Iran War Spirals Ane

Bloomberg18d agoneutral
Nvidia to Invest $1 Billion in Naver and Expand SK Group Accord

(Bloomberg) -- Nvidia Corp. will invest $1 billion in Naver Corp. to help finance an AI data center under construction in South Korea, adding to a frenzy of deals by the world’s most valuable company.Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandTrump Rebuilds Tariffs With New Levies on 60 EconomiesSpaceX Turns Away Falcon Customers i

Samsung wants to bring stablecoins to your smartphone
TheStreet18d agoneutral
Samsung wants to bring stablecoins to your smartphone

Samsung is preparing to bring stablecoins to Samsung Wallet, marking one of the most significant crypto moves yet from a major smartphone maker. A stablecoin is a type of cryptocurrency designed to hold a steady value, typically pegged one-to-one to a currency like the U.S. dollar. Unlike Bitcoin ...

Bloomberg18d agoneutral
Samsung, SK Hynix to Ink Large Chip Supply Deals with US Firms

(Bloomberg) -- Samsung Electronics Co. and SK Hynix Inc. are set to unveil major agreements involving “very large” sums with leading US technology companies during President Lee Jae Myung’s visit to Silicon Valley, a senior presidential official said.Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandTrump Rebuilds Tariffs With New Levies

Bloomberg18d agobearish
Korean Stocks Sink as Chipmakers Drop on Middle East, China IPO

(Bloomberg) -- South Korean stocks fell as funds cut exposure to chipmakers after overnight losses in US peers, while factoring in a Chinese rival’s imminent share sale and rising Middle East tensions. Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandAlphabet Falls as $205 Billion Spending Plan Fuels AI Cost FearTrump Rebuilds Tariffs Wi

Morgan Stanley sends strong verdict on memory stocks
TheStreet19d agoneutral
Morgan Stanley sends strong verdict on memory stocks

Memory stocks were the hottest trade of 2026 until they weren't. In the span of a few weeks, one of the market's best-performing sectors flipped into a bear market. Micron (MU), Samsung, and SK Hynix (SKHY) all fell more than 20% from their late-June highs, and the Roundhill Memory ETF went ...

Qualcomm deepens ties with major Apple rival
TheStreet19d agoneutral
Qualcomm deepens ties with major Apple rival

Qualcomm and Samsung expanded their chip partnership this week, putting Snapdragon silicon inside nearly every new device in the Galaxy lineup. For over a decade, Samsung ran a split system, selling some flagship phones with its own Exynos processor and others with a Snapdragon chip depending on ...

Samsung unveils wider foldable phone, hikes prices as chip costs rise
Reuters20d agoneutral
Samsung unveils wider foldable phone, hikes prices as chip costs rise

Samsung Electronics on Wednesday unveiled a passport-sized foldable phone and raised prices of two updated foldable models, as it grapples ‌with rising memory chip prices while bracing for a new threat from Apple ‌in the niche but growing segment. The South Korean technology company pioneered foldable smartphones but its dominance is set to ​be challenged by Apple which analysts expect this year to launch a foldable phone with a screen similar in size to an iPad mini. "Strategically, this is one of Samsung's most important foldable launches," said Francisco Jeronimo, vice president at researcher IDC.

What Will a Folding iPhone Look Like? Samsung’s New Fold8 Offers Clues
The Wall Street Journal20d agoneutral
What Will a Folding iPhone Look Like? Samsung’s New Fold8 Offers Clues

Samsung’s new Galaxy Z Fold8 is the lightest book-style foldable phone on the market, but that’s not the headline. Based on analyst reports, it’s a preview of Apple’s long-rumored folding iPhone, expected this fall. The device is squatter and wider than Samsung’s previous foldables.

Samsung in talks to invest in Mistral at 20 billion euro valuation, FT reports
Reuters20d agoneutral
Samsung in talks to invest in Mistral at 20 billion euro valuation, FT reports

South Korea's Samsung is in talks to invest hundreds of millions of euros in the AI ‌start-up Mistral, as part of a fundraising round that ‌could value the group at roughly €20 billion ($22.81 billion), Financial Times reported on Wednesday, citing ​sources. Samsung could invest about €1 billion in the new round, the report said, adding that Swedish investor EQT’s Scaleup Europe Fund is in talks to back the fundraising round. In April, Samsung said it would ‌considerinvestment and acquisitions where ⁠necessary to accelerate development and commercialisation in robotics, while combining partnering local companies for technology development.

Bloomberg21d agoneutral
High-Risk Bets That Burned Korean Traders Are Making a Comeback

(Bloomberg) -- South Korea’s risk-loving retail investors are flocking to a leveraged instrument that has inflicted severe losses in the past, adding to concerns about abrupt unwinding of wagers as the stock market gyrates.Most Read from BloombergApple to Launch ‘Upgrade’ Device Leasing Program With Klarna to Spur SalesTrump Sets 100% Tariff on Generic Drugs With Two-Year DelayTrump Extends Pardons to Companies, Echoing a 17th Century KingSpaceX Set to Unlock $116 Billion in Shares After IPO Res

Samsung launches first US credit card with Barclays, signals ambitions for deeper financial services push
Reuters22d agoneutral
Samsung launches first US credit card with Barclays, signals ambitions for deeper financial services push

Samsung Electronics on Monday launched its first U.S. co-branded credit card with Barclays, deepening its push into the financial services space ‌in the country and signaling plans to broaden its offerings in the future. The Samsung Galaxy ‌Card, issued by Barclays and running on Visa's network, will allow users to apply, manage accounts, track spending and redeem ​rewards entirely through Samsung Wallet. The credit card launch also puts Samsung in direct competition with Apple Pay, which dominates payment services in the U.S. The launch comes as technology companies and banks race ‌to deepen ties between digital wallets ⁠and financial products, seeking to make smartphones the primary device for payments and money management, and both Samsung and Barclays want to capitalize on it.

ASML to offer employees €20,000 retention bonus for staying in 2027-2030
Reuters22d agoneutral
ASML to offer employees €20,000 retention bonus for staying in 2027-2030

ASML, the largest maker of equipment used to ‌manufacture computer chips, intends to offer ‌employees a bonus worth €20,000 ($22,838.00) if they remain with ​the company between 2027 and 2030. The company confirmed the plan, first reported in Eindhovens Dagblad, on Monday in an emailed statement. ASML ‌said terms ⁠of the conditional stock grant from January 1, 2027 are still ⁠being finalized, but it would be offered to "all eligible employees."

Could AI chip boom make ASML Europe's first trillion-dollar firm?
Reuters22d agoneutral
Could AI chip boom make ASML Europe's first trillion-dollar firm?

The global artificial intelligence boom has propelled ASML to the top of Europe's stock market, as soaring demand for AI computer chips flows to the Dutch company that dominates the market for the equipment needed to ‌make them. After blowout second quarter earnings, investors and analysts are asking a once far-fetched question: could ASML become Europe's first ever trillion-dollar firm? Key ‌obstacles include doubts over how long Google, Amazon, and other hyperscalers will keep spending heavily on data centres, and whether ASML, its suppliers and customers such as TSMC and Samsung can execute expansion ​plans.