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.
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South Korea Kicks Off $19 Billion of Chip Loans
South Korea will start providing financial aid to chip manufacturers in July.
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.
Samsung Electronics Posts Drop in Operating Profit
Samsung Electronics on Wednesday, January 31, published data according to which the company’s operating profit for the fourth quarter of last year showed a decline of 34.57% compared to the result for the same period in 2022.
AI Chip Startup Rebellions Secures $124 Million
The South Korean startup Rebellions Inc. announced that it managed to raise $124 million in financing from investors, including KT Corp., to accelerate work on the development of a new generation artificial intelligence chip, which is a kind of example of the growing interest in hardware that drives AI.
Amazon Portfolio Reaches Over 500 Solar and Wind Projects Globally
Amazon invested in more than 100 new solar and wind energy projects in 2023, expanding its portfolio to a size big enough to power 7.2 million U.S. homes annually.
US Overtakes China as South Korea’s Top Export Market
In December, shipments of goods produced by South Korean companies to the United States exceeded exports to China.
South Korea Chip Output Grows Rapidly
The semiconductor industry in South Korea is currently recording the best state of affairs in recent years, the material form of expression of which is associated with a rapid increase in production volumes.
