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A majority of unionised employees at Samsung Electronics (USOTC:SSNHZ) voted on Wednesday to approve a preliminary wage agreement, preventing a large-scale strike that had raised concerns over global semiconductor supply chains and the wider South Korean economy. According to the union, around 74% of participating workers voted in favour of the deal.
(Bloomberg) -- Memory chip maker ChangXin Memory Technologies Inc. has received approval from the Shanghai Stock Exchange for an initial public offering that’s on track to be the biggest in mainland China since 2022, in a milestone for one of the key technologies of the artificial intelligence buildout. Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarSingapore Hands Byju's Founder His First Ever Jail TermPutin Signs Law on Use of Army to Aid Russians Detai
Asian equities were mixed on Wednesday with gains driven by soaring tech stocks and guarded optimism the United States and Iran will reach a peace deal."There remains an air of cautious optimism in markets that an MoU between the US and Iran will be signed and detailed throughout the week, although the central expectation and broad positive sentiment has been dented by the recent US defence strikes and Iran stating these measures breach the agreement," said Chris Weston, head of research at Pepp
Memory-chip maker SK Hynix is the latest company to ride the AI chip boom into the elite $1 trillion market-cap club. Shares in the company—the world’s second-largest memory-chip maker—have more than tripled this year.
<body><p>STORY: :: Archive</p><p>Unionized workers at Samsung Electronics have approved a highly contentious bonus pay deal, averting a massive 18-day strike.</p><p>Two unions for the world's largest memory chip maker said Wednesday that 74% of over 62,000 workers who cast their votes had backed the deal.</p><p>Shares in Samsung surged around 7% in morning trade following the news. </p><p>The government-mediated agreement brought relief across South Korea as Samsung accounts for roughly a quarter of the country's exports.</p><p>But the agreement also exacerbates deep disparities in fortunes among workers at the conglomerate.</p><p>:: Archive</p><p>It mainly benefits staff in the memory chip division, which has seen profits soar due to the colossal investments globally in AI.</p><p>Some of those workers are set to receive bonuses of around $416,000 this year.</p><p>Workers in Samsung's other chip units will receive less but still substantial bonuses, while employees in its consumer electronics divisions are set to receive very little by comparison.</p></body>
By Hyunjoo Jin SEOUL, May 27 (Reuters) - Unionised workers at Samsung Electronics have approved a highly contentious deal on bonus pay - one that averts a massive strike but also exacerbates deep
Samsung Electronics workers have approved a landmark profit-sharing agreement that is expected to award employees in the booming memory chip...
The iShares MSCI Emerging Markets ETF (EEM) has surged 25% so far in 2026, overtaking the State Street SPDR S&P 500 ETF Trust (SPY), State Street SPDR Dow Jones Indust Avg ETF Trust (DIA), and the Invesco QQQ Trust (QQQ).
South Korea's KOSPI surged 4.56% to a record 8,457 as Asian retail piled into leveraged chip ETFs and abandoned crypto.
The deal Samsung Electronics struck with its union averts a massive strike and gives its memory chip workers eye-popping bonuses. It also opens a Pandora's box for companies in South Korea - a country known for militant wage-bargaining. Unionised Samsung workers voted in favour of the government-mediated pact on Wednesday, marking the first big win for a Samsung union. More significantly, it is only the second time that a major South Korean company has agreed in writing to reward workers with a fixed percentage of operating profit.
The market value of South Korean memory chip maker SK hynix soared past $1 trillion on Wednesday thanks to frenzied global demand for the computing hardware that powers artificial intelligence tools.Shares in SK hynix, which supplies Silicon Valley's AI chip titan Nvidia with advanced high-bandwidth memory, were up more than 11 percent in early afternoon trade.
SK Hynix has become one of the world’s most valuable chip makers, joining an elite group of companies including Nvidia and TSMC.
UBS placed the Street’s most bullish call on MU yet, triggering a 19% rally in the stock on Tuesday.
Unionised workers at Samsung Electronics have approved a highly contentious bonus pay deal - one that averts a massive 18-day strike but also exacerbates deep disparities in fortunes among workers at the tech conglomerate. Two unions for the world's largest memory chip maker said on Wednesday that 74% of the 62,616 workers who cast their votes had backed the deal. Shares in Samsung surged 6%, also helped by investor frenzy over the AI boom that has driven chip sector shares higher.
SK Hynix joins the $1 trillion club as memory chip stocks rally.
SK Hynix topped $1 trillion in market value for the first time on Wednesday, joining its memory chip rivals Samsung Electronics and Micron Technology in reaching the milestone on an AI-driven rally. Shares of SK Hynix closed the session up 9.3%, after rising as much as 14.9% during the session to take the South Korean chipmaker's market value to a record 1,680 trillion won ($1.12 trillion) and propel the country's benchmark KOSPI index to a record high. Domestic rival Samsung surpassed $1 trillion in market value for the first time on May 6, while U.S.-listed Micron did so on Tuesday.
Samsung Electronics' labour union is expected to announce Wednesday whether chip workers voted to ratify a wage deal that would deliver massive AI-linked bonuses and helped avert a major strike.An electronic vote among about 70,000 unionised employees began Friday and runs until 10:00 am (0100 GMT) on Wednesday, with results expected shortly afterwards.
Wall Street is excited about SpaceX, OpenAI and Anthropic. But investors seem to prefer more diverse funds over individual companies.
<body><p>STORY: :: Micron</p><p>Micron Technology topped $1 trillion in market value for the first time on Tuesday...</p><p>crowning a dizzying rally that has cemented the largest U.S. memory chipmaker as one of the standout winners of the AI boom.</p><p>Micron's shares rose more than 18% on Tuesday, pushing the stock to a record high after brokerage firm UBS more than tripled its price target on the stock to over $1,600.</p><p>The milestone underscores the central role of memory chips - used to store and move data - in AI infrastructure...</p><p>and reflects a broadening of the AI trade beyond chipmakers like Nvidia whose processors train and run AI models.</p><p>Micron's ascent also gives the U.S. a strong contender in a memory-chip race that has largely been led by Asia so far.</p><p>South Korea's Samsung Electronics, the world's top memory chipmaker, has already hit the $1 trillion milestone, while the country's SK Hynix is also closing in.</p><p>Chip stocks in general continued their surge on Tuesday, with Marvell Technology rising more than 10% in morning trading, while Qualcomm added as much as 8%. Shares of Broadcom and Intel were also higher.</p><p>All helped push the Philadelphia Semiconductor index up nearly 6% to an all-time high.</p></body>
After a brief cool-off last week, U.S. semiconductor and memory stocks are rallying in Tuesday morning trading, led by Micron, which traded above a $1 trillion market capitalization for the first time.
Micron Technology topped $1 trillion in market value for the first time on Tuesday, crowning a dizzying rally that has cemented the largest U.S. memory chipmaker as one of the standout winners of the AI boom. Micron's shares were last up 18% at $886.6 - a record high - with Tuesday's boost coming after brokerage UBS increased its price target on the stock to $1,625 from $535, which is the highest among the 46 brokerages covering the company, according to LSEG data. The milestone, which underscores memory chips' central role in AI infrastructure, also reflects a broader shift in the AI trade as investors seek out companies that can benefit from Big Tech's massive spending plans after initially crowding into makers of graphics processors.
Yahoo Finance Executive Editor welcomes Great Hill Capital Chairman and Managing Member Thomas Hayes, Yahoo Finance Senior Reporter Brooke DiPalma, and Senior Business Reporter Ines Ferre to discuss Opening Bid's stock of the day, DRAM (DRAM), the memory-focused ETF that has rapidly become the fastest-growing ETF in history amid soaring demand for AI infrastructure and memory chips.
Welcome to the ETF show, DRAM.
Workers are challenging a proposed pay deal they say favors chip division employees.
Shares of Clear Secure (NYSE:YOU) gained 2. 4% in premarket trading on Tuesday after the company unveiled a partnership with Samsung Electronics America to introduce Samsung ID with CLEAR.
New Samsung and SK Hynix leveraged ETFs could attract up to $3.5 billion from retail investors.
<body><p>STORY: From Ferrari's electric bet to Samsung's major union deal, this is Tech Weekly.</p><p>:: Tech Weekly</p><p>Ferrari presented its first fully electric car.</p><p>The Luce has a range of over 300 miles and features four electric motors which help it reach a top speed of around 200mph.</p><p>It marks a high-stakes shift as the sports car maker gambles new consumers will shift to high-tech luxury EVs.</p><p>The Luce is aimed at families with deep pockets with a price tag of $640,000.</p><p>Nvidia CEO Jensen Huang signaled he sees major long-term opportunities for the firm in China.</p><p>That's despite tensions over a tech race between Washington and Beijing.</p><p>Huang spoke to reporters in Taipei, ahead of a trade show.</p><p>He was asked whether China was part of a $200-billion market forecast he mentioned during a recent Nvidia earnings call.</p><p>"I would think so. $200 billion is not today, it’s someday. And it includes all the data centers, CPUs. This is a new market for us."</p><p>Lenovo reported a better-than-expected 27% jump in quarterly revenue</p><p>The tech firm's tablet and smartphone division saw revenue rise by close to a quarter - it's highest growth rate in five years.</p><p>Lenovo said overall revenue for the period to the end of March jumped $21.6 billion - above analyst estimates.</p><p>Investors liked what they heard and shares soared 15% soon after the update.</p><p>Texas sued WhatsApp and its parent firm Meta.</p><p>The state said the tech firm misled consumers over the messaging app’s encryption and privacy standards.</p><p>The lawsuit says users are given false assurance that their messages are encrypted.</p><p>A Meta spokesman called the allegations “false”, and said WhatsApp can't access people’s encrypted messages.</p><p>Samsung shares surged after it reached a deal with its South Korean union to avoid an 18-day strike.</p><p>48,000 workers could have taken part in the proposed industrial action.</p><p>One union source said a memory chip worker with a base salary of about $53,000 is expected to receive a bonus of around $416,000.</p><p>There was relief in Seoul at the deal as Samsung makes up for about a quarter of the country's exports.</p><p>Although the Samsung Electronics Co Union, which has about 13,000 members, took legal action to stop the vote on a pay deal - which is expected to be concluded by Wednesday.</p><p>It said it took legal action after being told it had no right to join the vote. </p></body>
Micron stock was gaining after President Donald Trump praised the memory-chip company's investment plans.
(Bloomberg) -- A rally in Nokia Oyj is forcing investors to reconsider the company not as an old telecom-equipment stock, but as part of the infrastructure underpinning the artificial intelligence boom.Most Read from BloombergNvidia CEO Urges Super Micro to Tighten Up on ComplianceTrump Doctor Visit Renews Health Scrutiny as 80th Birthday NearsTrump Says He’ll Announce Negotiated Deal With Iran ShortlyRubio Sees Good News Coming on Hormuz as Iran Talks ContinueUS, Iran Inch Toward Deal as Gaps R
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