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(Bloomberg) -- Leveraged exchange-traded funds tracking Samsung Electronics Co. or SK Hynix Inc. were likely forced to sell a combined $6 billion of the Korean chipmakers’ shares Tuesday to maintain leverage ratios, underscoring how such products can amplify market moves, according to Bloomberg Intelligence. Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles‘FOMO Really Got Me’: Taiwanese Go Deep

Taiwan's ASE Technology Holding, the world's largest chip packaging and ‌testing provider, is expanding capacity to meet AI ‌demand, Chief Operating Officer Tien Wu said on Wednesday. • ​Wu said the holding company is adding 15 new sites this year, including six greenfield sites for ASE, seven greenfield sites for its unit Siliconware Precision Industries, and sites ‌acquired from Taiwan's Innolux ⁠Corporation earlier this year. • Nvidia said last ​year it planned to ​build up to $500 billion worth of AI ‌server infrastructure in the United ​States with partners ​including ASE subsidiary Siliconware Precision Industries, but the subsidiary has yet to announce any investment plans.

Qualcomm is in talks to provide chip-design services to China's ByteDance, four people familiar with the matter said, as the U.S. company seeks ‌to reduce dependence on the smartphone market, its biggest revenue source. If successful, the ‌negotiations would make ByteDance, the parent of short-video platform TikTok, an early customer of Qualcomm's chip-design services operation. ​Qualcomm is the world's largest supplier of smartphone modem chips, which manage cellular communications.

A look at the day ahead in European and global markets from Tom Westbrook South Korea's chip-heavy KOSPI made an unconvincing attempt at a bounce on Wednesday after notching the fifth-biggest selloff

The Bank for International Settlements (BIS), the institution that serves as a bank for the world's central banks, has delivered a pointed assessment of the booming stablecoin market in its 2026 Annual Economic Report. Crypto's most widely used dollar tokens, it argues, borrow the ...

(Bloomberg) -- Tencent Holdings Ltd. is preparing to launch an AI agent for its Slack-like enterprise communication app, intensifying a high-stakes battle among Chinese tech giants to lock users into their ecosystems in the post-ChatGPT era.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles‘FOMO Really Got Me’: Taiwanese Go Deep Into Debt to Amp 100% Stock RallySpaceX Falls for Third Day, Erases $

(Bloomberg) -- ByteDance Ltd., the developer of TikTok, is in preliminary talks with banks for a borrowing of about $20 billion, people familiar with the matter said, in what would be the firm’s largest offshore loan yet at a time when it’s boosting investments in artificial intelligence.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles‘FOMO Really Got Me’: Taiwanese Go Deep Into Debt to Amp 100%

The European Union Aviation Safety Agency has ordered urgent inspections after cracks were found in a wing component on some aircraft.

The global investment bankJefferies just added a fresh twist to the Tesla (TSLA) stock debate. According to TheFly, veteran analyst Philippe Houchois kept his cautious stance on Tesla, but his latest take goes beyond deliveries, margins, robotaxis or EV demand. His concern is tied to SpaceX ...

SoFi acquired Composer and is launching an artificial intelligence-powered investing platform.The tool helps users create, test, and automate trading strategies using everyday language.The move adds to a growing fintech race to keep retail investors engaged with AI tools. SoFi Technologies (SOFI) ...

Alibaba Group is seeking to be removed from a list of companies with alleged ties to China’s military.

SK Hynix's overtaking of Samsung Electronics to become South Korea's most valuable firm was the culmination of 14 years of bets that brought it skepticism and scorn but ultimately put it at the centre of the global AI gold rush. In 2012, conglomerate SK Group acquired Hynix Semiconductor in a deal ‌that was considered financially irresponsible. Samsung, in contrast, was valued at more than 10 times SK Hynix and was the global leader in Dynamic Random-Access Memory (DRAM), a memory type that powers ‌laptops and smartphones.

Although it wasn't until early 2023 that AI in general would become part of the global conversation, the current artificial intelligence revolution can be traced back to the release of ChatGPT 3.5 in November 2022. Ever since then, other than the technology's energy consumption, the most ...

Alphabet was poised to open higher on Wednesday after the tech giant was tapped to join the Dow Jones Industrial Average, replacing Verizon.

Slate Auto’s all-electric truck, priced in the mid-$20,000s, aims to prove that affordable cars can be both profitable and adored.

Samsung Electronics plans a share buyback programme worth 90 ‌trillion won ($58.61 billion) after agreeing to ‌give a bonus in stock to employees following ​recent wage talks, the Yonhap News Agency reported on Wednesday. The memory-chip maker will soon announce details on the plan, Yonhap ‌said, citing unidentified ⁠industry sources. Management and union last month reached a pay deal ⁠under which Samsung is expected to set aside about 10.5% of its operating profit ​for special ​bonuses for ​the chip division in ‌the form of stocks, sparking concerns over inequality at the company.

I've covered Micron repeatedly, and each time, the story has been some version of the same thing. The artificial intelligence (AI) memory supercycle is getting bigger than the market expected, and Micron keeps proving the bears wrong. Tuesday, June 23, is a jarring interruption. MU dropped more ...

South Korea's government is in talks with ‌Samsung Electronics and SK ‌Hynix over plans for the next phase of ​large-scale investments in semiconductor production facilities, an official said on Wednesday, adding an announcement on a new ‌chip cluster ⁠would be made soon. "Exponential and explosive" growth in demand ⁠for chips driven by the AI industry could require the two ​companies to ​speed up ​ongoing construction of ‌new chip facilities by more than 10 years to 2034-2035, presidential policy adviser Kim Yong-beom told a discussion panel.

(Bloomberg) -- SK Hynix Inc. is expected to submit a statement to Korea’s financial regulator for an offering of American Depositary Receipts, according to Korea Economic Daily.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesSpaceX Falls for Third Day, Erases $600 Billion in Market ValueKorean Stocks Tumble 10% as Extreme Volatility Rattles Investors‘FOMO Really Got Me’: Taiwanese Go Deep Into D

The billionaire’s private friendship with the president has helped Oracle’s business and his son’s media conglomerate.

By Dhwani Pandya MUMBAI, June 24 (Reuters) - Walmart's Flipkart is speeding up expansion of its "quick commerce" business in India, with plans to add 500 more neighbourhood warehouses across the

Moody’s Analytics chief economist Mark Zandi has warned that America’s stark economic divergence remains “firmly intact,” as newly updated data reveal a bruising financial reality in which the bottom 80% of earners are losing the battle against inflation, while top earners dominate national consumption. The Spending Divide Deepens According to Zandi’s updated estimates, households in the top 20% of the income distribution—defined as those earning over $175k annually—now account for an “astoundin

Nvidia's ‌AI ‌chips have more ​than doubled in price ‌on ⁠China's black market, ⁠the ​Financial ​Times reported ​on ‌Tuesday, citing multiple Chinese chip traders. Reuters ‌could ​not ​immediately ​verify ‌the report. (Reporting ​by ​Angela Christy ​in ‌Bengaluru; Editing ​by Subhranshu ​Sahu)

(Bloomberg) -- Elon Musk is no stranger to financial alchemy. His latest feat: adding billions of dollars of debt onto his cash-burning business empire while simultaneously cutting its annual interest burden.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesSpaceX Falls for Third Day, Erases $600 Billion in Market ValueKorean Stocks Tumble 10% as Extreme Volatility Rattles Investors‘FOMO Really Go

FedEx reported strong quarterly results, driven by growth in package volumes and yields as the company focuses on high-margin logistics business. The post FedEx boost revenue behind premium parcel, freight volumes appeared first on FreightWaves.

US stocks advanced on Wednesday, rebounding from a bruising start to the week for tech stocks, as oil prices plunged to their levels not seen since the beginning of the US-Iran war.

Asking for a Trend Host Josh Lipton previews several of the biggest stories to come tomorrow, Wednesday, June 24, including US new home sales data and earnings results from Micron Technology (MU) and Trip.com (TCOM).

By Diana Novak Jones June 23 (Reuters) - Google's YouTube has settled with a minor who claimed the platform caused mental health harms, the plaintiff’s lawyers said, ahead of a second California trial

Since its launch in 2020, Polymarket has grown into the world's largest prediction market. The platform lets traders predict events, from future Bitcoin prices and election results to government shutdowns, using cryptocurrency as collateral. Traders can deposit Circle's USDC ...

FedEx reported Q4 earnings and revenue that beat Wall Street expectations.