48.9 F
Los Angeles
Sunday, April 14, 2024

BUSINESS

South Korea’s IT giant Kakao enters global alliance to oversee AI future

Kakao joined the AI Alliance, a global consortium dedicated to promoting open-source artificial intelligence (AI) development, with members including global tech firms Meta and...

Intel, Naver form AI chip coalition to challenge Nvidia

Intel and Naver formed an AI chip alliance, joining an array of global partnerships that aim to put a crack in Nvidia's dominance. The two...

Samsung tops U.S. home appliance market with 21% share

Samsung Electronics was the No. 1 home appliances brand in the United States last year, data showed Wednesday. Samsung Electronics held 21 percent of market...

South Korea pledges $6.9B for AI chips ahead of U.S. subsidy announcement for Samsung

With the U.S. Commerce Department set to award over $6 billion in subsidies to Samsung Electronics as early as next week, President Yoon Suk...

Samsung, SK’s U.S. investments may push back Korean construction schedules

Korean chipmakers are mulling when to resume the construction of domestic semiconductor plants after promising to funnel tens of billions of dollars into operations...

Samsung, SK hynix pause price negotiations as Taiwan earthquake halts TSMC

Samsung Electronics and SK hynix may benefit from the recent earthquake in Taiwan, which has disrupted the production of Taiwanese semiconductor giant TSMC, according...

LG Energy Solution starts on $5.5 billion Arizona plant for Tesla

Ground was broken on Wednesday for LG Energy Solution’s $5.5 billion battery plant in Arizona to produce cylindrical batteries for Tesla, possibly for the...

Samsung simultaneously unveils AI-powered appliances to the world

Samsung Electronics is, for the first time, launching its AI-topped Bespoke lineup of home appliances at the same time worldwide in order to make...

Korea launches forum to match AI chip producers with companies

A consultative forum for AI semiconductors has launched to help Korea take an early lead in the fast-growing industry. The group will match companies in...

Korea’s former fashion mecca hangs on by a thread as Chinese apps move in

When Good Morning City, a 16-story shopping complex, flung open its doors in 2008 in a prime spot in Dongdaemun, once Seoul's fashion mecca,...