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BUSINESS

Samsung unveils latest LPDDR chip in preparation for ‘on-device AI era’

Samsung Electronics said Wednesday it has developed the fastest low-power double data rate (LPDDR) 5X memory chip, able to transmit data at a speed...

SK rises as second most valuable conglomerate, data firm says

SK Group, Korea's chip-to-battery conglomerate, emerged as the second most valuable conglomerate after Samsung Group on the Korean stock markets at the end of...

U.S. grants Samsung $6.4 billion CHIPS Act subsidy for Texas investment

Samsung Electronics will be given a subsidy of $6.4 billion for its $45 billion chip investment in Texas, the U.S. Commerce Department announced Monday,...

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...
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