SK Hynix Posts Highest Quarterly Profit in 6 Years
SK Hynix, one of the largest chip manufacturers in the world, released information on Thursday, July 25, about the financial results of its activities in the second quarter of the current year.
South Korea
South Korea Current Account Tops 32-Month High
South Korea’s current account has reached its biggest surplus in more than two years.
Goldman and Citi Predict More Gains for SK Hynix
The value of shares of South Korean company SK Hynix Inc., which is the main supplier to US Nvidia Corp., has shown growth of more than 90% over the past year, but according to Wall Street analysts, this impressive result is not the limit to the upward trajectory of the Asian firm, due to which […]
South Korea’s Export Grows Amid Record Chip Sales
In June, an increase in South Korea’s export activity was recorded.
SK Hynix to Invest $75 Billion in Chips
SK Hynix Inc., the semiconductor unit of South Korea’s SK Group, intends to invest 103 trillion won ($74.8 billion) in the chip area by 2028.
South Korea Kicks Off $19 Billion of Chip Loans
South Korea will start providing financial aid to chip manufacturers in July.
AI Chip Makers Rebellions and Sapeon to Merge
On Wednesday, June 12, in South Korea, two local startups for the development of chips for artificial intelligence systems, which are Rebellions and Sapeon, agreed to merge.
Alipay+ and Hyundai Department Store Join Marketing Efforts
Alipay+ signed a Memorandum of Understanding (MoU) with Hyundai Department Store to expand customer interaction and strengthen the parties’ global positions.
Samsung Reports Jump in Profit
Samsung Electronics on Tuesday, April 30, released information on its financial results for the first quarter of the current year, which showed significant growth, largely due to an increase in prices for memory chips amid increased optimism about the prospects for the development and scaling of the artificial intelligence industry.
South Korea Q1 GDP Growth Exceeds Estimates
South Korea’s economy showed growth in the first quarter of 2024, which turned out to be the fastest in more than two years.
SK Hynix Plans Chip Production Expansion
SK Hynix Inc. intends to spend about $14.6 billion on the construction of a complex for the production of memory chips in South Korea.
South Korea to Host Second AI Safety Summit
South Korea to host the second global AI Safety Summit.
South Korea to Invest in AI
South Korean President Yoon Suk Yeol said on Tuesday, April 9 that this country is investing 9.4 trillion won ($6.94 billion) in artificial intelligence.
Samsung Forecasts Jump in Profit
On Friday, April 5, Samsung Electronics released a forecast according to which the company’s operating profit for the first quarter of the current year will show growth in the form of a multiple increase in the corresponding indicator compared to the result for the same period in 2023.
US Reportedly Urges South Korea to Tough Export Controls on Chinese Chips
The media reported that the United States appealed to South Korea to decide on restrictions on the export of semiconductor technologies to China.
Alibaba Reportedly Plans to Invest $1.1 Billion in South Korea
The media reports that Alibaba Group intends to invest $1.1 billion in South Korea.
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