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Asian shares were mixed and oil was trading below $80 a barrel on Wednesday as markets watched for details on the interim agreement between the U.S. and Iran to end the war. U.S. futures edged higher ahead of the Federal Reserve’s policy decision announcement and after Wall Street closed mixed near their record highs.
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A recent leak shared by GSMArena could suggest that Samsung (SSNLF) is planning a far greater fight in luxury smartphones. Samsung has been a dominant name in the foldable smartphone segment for years. But that leadership no longer seems quite as safe. Samsung continues to lead the foldable market ...
ROME, June 12 () - Italy's Prime Minister Giorgia Meloni and South Korean President Lee Jae Myung on Friday pledged to deepen bilateral ties, signing memorandums spanning technology and development cooperation. • The leaders discussed closer cooperation in semiconductors and high-tech sectors including artificial intelligence, space, automotive and energy.
ROME, June 12 (Reuters) - Italy's Prime Minister Giorgia Meloni and South Korean President Lee Jae Myung on Friday pledged to deepen bilateral ties, signing memorandums spanning technology and
(Bloomberg) -- A move by the National Pension Service to temporarily suspend portfolio rebalancing has fueled volatility in South Korea’s stock market and added pressure on the won, according to Barclays Plc.Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeXbox Plans Significant Layoffs as New CEO Plans OverhaulTrump Insists Iran Deal Is Close After Scrapping New StrikesTrump Vows New Attacks on Iran, Threatens Key Energy TargetsUAE and Iran Meet Face-to-Face to
Asian chip stocks rebounded, capping a roller coaster week amid geopolitical volatility, concerns over inflation and worries over a bubble in artificial-intelligence-related stocks.
Industrial action by South Korean truck drivers tasked to transport concrete is raising concerns over possible delays to major semiconductor plant expansion projects by Samsung Electronics and SK Hynix, South Korean media reported on Friday. The National Ready-Mixed Concrete Transport Workers' Union suspended deliveries in the Seoul metropolitan area starting on Monday, a work stoppage it said would involve around 8,000 members as it demanded higher rates and other changes. Participating union members also blocked deliveries on Thursday from two concrete plants in Pyeongtaek, halting the pouring of concrete at the construction site for Samsung Electronics' chip plant, the Chosun Ilbo reported.
Theker, a Barcelona-based AI robotics company, has raised $85 million in a fundraising round, it said on Thursday, highlighting ongoing growth in the Spanish tech sector. Theker says it develops robots which use AI to perform various tasks in industrial environments. The fundraising round was led by venture capital firm CRV, while other companies involved included Samsung and luxury goods company LVMH.
Alphabet's Google is in talks with Samsung Electronics to manufacture part of its next-generation chip, The Information reported on Thursday, citing two people familiar with the matter. Google plans for Taiwan's TSMC to make the main part of the chip, codenamed 'Icefish,' while Samsung may produce a separate component that helps connect it to memory using its 2-nanometer production technology, the report said. The chip industry has been grappling with a capacity crunch, as TSMC, the world's largest contract chipmaker, works to keep up with surging demand and avoid becoming a bottleneck in the global supply chain amid the AI boom.
Stock futures fell, with the Nasdaq-100 selling off and big Asian names such as SoftBank Group and Samsung Electronics down sharply.
SEOUL, June 10 (Reuters) - Leveraged stock investments by South Korean retail investors have reached their limits set at local brokerage firms as the country's world-beating stock market rally
June 9 (Reuters) - Privately held Element Biosciences said on Tuesday it had raised funds in an upsized Series E round, including $175 million from longtime investor Samsung Electronics, to expand
Privately held Element Biosciences said on Tuesday it had raised funds, including $175 million from longtime investor Samsung Electronics, to expand commercialisation of its genetic testing and research products. The San Diego-based company did not disclose the total size of the upsized Series E funding round, or its valuation. Samsung said in a statement that the investment would make it the largest shareholder in Element and deepen strategic cooperation between the two firms.
Micron led the semiconductor chips lower after an initial bounce on Tuesday.
Investing.com -- Samsung Electronics is evaluating plans to build an advanced semiconductor packaging facility in Gwangju, a city in southwestern South Korea, the Korea Economic Daily reported Tuesday.
Samsung Electronics is considering the construction of an advanced semiconductor packaging facility in the southwestern South Korean city of Gwangju, the Korea Economic Daily said on Tuesday. • Samsung is expected to unveil the investment plan at a meeting between South Korean President Lee Jae Myung and the heads of the country's largest conglomerates on June 29, the newspaper reported, citing unnamed industry sources. • The meeting, to be held at the presidential office under the theme of a "major shift in growth strategy," is expected to include Samsung Electronics Chairman Jay Y. Lee and SK Group Chairman Chey Tae-won.
(Bloomberg) -- Memory chipmaker shares led a rebound in South Korean stocks, demonstrating investors aren’t quite ready to throw in the towel on the artificial intelligence boom. Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’LA Mayor Race Flips as Socialist Beats Reality TV Star PrattTrump’s $100,000 H-1B Visa Application Fee Rejected by JudgeTrump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalChip Stocks Rally in AI Trade Revival After P
(Bloomberg) -- The Pentagon accused some of China’s biggest companies, including Alibaba Group Holding Ltd., Baidu Inc. and BYD Co. of supporting the Chinese military, doubling down on an earlier decision to label crown jewels of the country’s corporate world as threats to US national security.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’LA Mayor Race Flips as Socialist Beats Reality TV Star PrattTrump Says He, Not Congress, Is in Charge of Kennedy Center
Samsung Electronics' co-CEO and head of its chip division, Jun Young-hyun, said on Monday he discussed cooperation in next-generation foundry chips with Nvidia CEO Jensen Huang during a meeting in Seoul. Jun said Samsung and Nvidia are currently collaborating on autonomous driving chips and Groq AI accelerator chips, and also discussed cooperation on future generations of semiconductor products. He added that the two companies had extensive discussions on long-term cooperation, including in high-bandwidth memory (HBM) 4E and HBM5 chips.
(Bloomberg) -- A leveraged exchange-traded fund tied to SK Hynix Inc. surged 50% on Monday despite a drop of nearly 8% in the underlying stock, a dislocation the fund house later attributed to a lack of liquidity in its market-making system.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’Trump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalWhy Oil’s Not at $200 After the Biggest Supply Shock in HistoryIsrael Strikes Iran After Missile Attack
(Bloomberg) -- Fear was already running high ahead of South Korea’s Monday open, but the ferocity of the selloff still caught some investors off guard.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’Trump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalWhy Oil’s Not at $200 After the Biggest Supply Shock in HistoryIsrael Strikes Iran After Missile Attack, Imperiling Trump TalksAI Trade Unwind Rocks Korean Traders Leveraged for One-Way BetWith
By Jihoon Lee and Yena Park SEOUL, June 8 (Reuters) - South Korea's stock benchmark plunged over 8% on Monday, tripping circuit breakers, after robust U.S. jobs data lifted bets on a Federal Reserve
By Gregor Stuart Hunter and Ankur Banerjee SINGAPORE, June 8 (Reuters) - Sam Konrad's stocks are having a fantastic year, thanks to AI-fueled rallies in Taiwan and South Korea, but his fund is so top
Asian stocks dropped Monday as AI-related shares sold off after a blistering rally, led by losses in Korean chipmakers SK Hynix and Samsung. Joe Weisenthal and Tracy Alloway from Bloomberg's Odd Lots podcast join Yvonne Man and Stephen Engle on The China Show.
(Bloomberg) -- Nvidia Corp. Chief Executive Officer Jensen Huang called a global tech stocks selloff that began last week a buying opportunity, saying the buildout of artificial intelligence has just begun. Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’Trump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalWhy Oil’s Not at $200 After the Biggest Supply Shock in HistoryIsrael Strikes Iran After Missile Attack, Imperiling Trump TalksKorean Sto
(Bloomberg) -- For one Friday night, Hongdae wasn’t Seoul’s trendiest neighborhood. It was Jensen Huang’s stage.Most Read from BloombergBecerra Advances for California Governor as Hilton Fights SteyerNasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets WrapSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PSpaceX Inks $30 Billion Computing Power Deal With GoogleTrump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalThe Nvidia Corp. chief executive landed in Seoul and pr
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