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Samsung Eyes Another Record Quarter on Explosive AI Memory Demand, But Rising Employee Bonuses Could Cloud Earnings: Report
Benzinga81d agoneutral
Samsung Eyes Another Record Quarter on Explosive AI Memory Demand, But Rising Employee Bonuses Could Cloud Earnings: Report

Samsung Electronics (OTC:SSNLF) on Tuesday is expected to deliver another record-breaking quarter as surging AI-driven demand for memory chips continues to lift prices, though higher employee bonus costs could weigh on reported earnings. AI Memory Boom Expected to Drive Another Record Quarter Samsung is expected to report an operating profit of about 86 trillion won ($56.35 billion) for the April-to-June quarter, according to an LSEG SmartEstimate based on forecasts from 30 analysts, Reuters rep

Bloomberg81d agoneutral
Unease Over Korea Leveraged ETFs Grows as Lawmakers Demand Fix

(Bloomberg) -- South Korean lawmakers are increasingly sounding alarms over the risks of single‑stock leveraged exchange‑traded funds, with an opposition party member now calling for such products to be delisted.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil’s Supply Wave, Tumbling Prices Rekindle Fears of Global GlutBrazil Freezes $2 Billion, Pursues Arrests After US SanctionWhy the Great

South Korea's SK Hynix to launch $28 billion US listing to ride global AI wave
Reuters81d agoneutral
South Korea's SK Hynix to launch $28 billion US listing to ride global AI wave

South Korean chipmaker SK Hynix will on Monday launch its about $28 billion U.S. listing, according to its regulatory ‌filings, in one of the world's largest new share sales ‌as it capitalizes on the global AI boom. The company will sell 17.79 million new shares ​in the depository receipt listing on the Nasdaq, making it one of the world's most valuable tech firms. Ten ADRs will represent one common share and the stock will be sold in a price range due to be ‌revealed on Monday, based on ⁠SK Hynix's Seoul trading price.

Bloomberg81d agoneutral
Chip Stock Bulls Count on Samsung to Soothe AI Trade Jitters

(Bloomberg) -- A wild ride for global chip stocks in recent weeks has left investors looking for fresh validation of the artificial intelligence trade. Samsung Electronics Co. may provide just that on Tuesday.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil’s Supply Wave, Tumbling Prices Rekindle Fears of Global GlutBrazil Freezes $2 Billion, Pursues Arrests After US SanctionWhy the Great Am

Anthropic quietly joins the race to build its own chips
TheStreet83d agoneutral
Anthropic quietly joins the race to build its own chips

Anthropic has opened early talks with Samsung Electronics to manufacture a custom AI chip, according to a report from Bloomberg. The Claude developer has never built its own silicon before. It has relied entirely on chips rented from Amazon, Google, and Nvidia, and that dependence is now colliding ...

Bloomberg84d agoneutral
Chip Industry Urges US to Avoid Moves That Distort Memory Market

(Bloomberg) -- Government attempts to address the global memory chip shortage by influencing prices or production capacity would worsen a historic squeeze on supply driven by the artificial intelligence boom, a semiconductor industry group warned the Trump administration. Most Read from BloombergExxon to Change Name for First Time in Decades After RedomicileGermany Rejects Trump’s Demands for NATO Loyalty to WashingtonMeta Is Planning a Cloud Business to Sell AI Computing PowerRussia Indicates U

Bloomberg84d agoneutral
Chip Stocks Off to Rough Start in Third Quarter With 2-Day Skid

(Bloomberg) -- Semiconductor stocks are starting the third quarter with their worst two-day selloff in nearly a month. Most Read from BloombergExxon to Change Name for First Time in Decades After RedomicileMeta Is Planning a Cloud Business to Sell AI Computing PowerGermany Rejects Trump’s Demands for NATO Loyalty to WashingtonRussia Indicates Ukraine Fired Long-Range Ballistic MissileKrafton Agrees to Pay ‘Subnautica 2’ Bonuses as Developer’s CEO ResignsThe Philadelphia Stock Exchange Semiconduc

What’s Weighing on Chip Stocks?
The Wall Street Journal84d agoneutral
What’s Weighing on Chip Stocks?

The slide appears to reflect concerns that tech companies have built more AI computing capacity than they really need, says Mohit Kumar, chief European economist at Jefferies. Those fears were rekindled ...

SK Hynix to spend $64 billion on chip plants under broader AI-driven investment plan
Reuters85d agoneutral
SK Hynix to spend $64 billion on chip plants under broader AI-driven investment plan

SK Hynix said on Thursday it planned to invest 100 trillion won ($64.38 billion) to build ‌new NAND memory chip and packaging factories as part of a massive ‌investment programme aimed at addressing a shortage driven by the AI boom. The projects in the country's ​central city of Cheongju outlined on Thursday come under a $2.1 trillion plan unveiled by the chipmaker and its local rival Samsung Electronics on Monday that also included a new chip cluster in the southwest and existing projects. South Korea is hoping the investments will ‌double the country's memory chip ⁠production capacity within five years.

Analysis-Samsung, SK Hynix mega South Korea chips gamble tests optimism of AI cycle
Reuters86d agoneutral
Analysis-Samsung, SK Hynix mega South Korea chips gamble tests optimism of AI cycle

Samsung Electronics and SK Hynix are making one of the biggest bets yet on the artificial intelligence boom with investments worth hundreds of billions of dollars, but the planned capacity buildout is stoking fears of a painful reckoning if AI spending cools. The tech giants won praise - and a deep bow - from ‌President Lee Jae Myung after throwing their weight behind the government's semiconductor push, in an apparent departure from a previously restrained approach to capacity expansion shaped by decades of painful boom-and-bust cycles ‌in the memory industry. Under the plan, the government hopes South Korea can double its memory chip production capacity within five years.

Asian shares follow Wall Street higher, while the Japanese yen hits a 39-year low against the dollar
Associated Press87d agoneutral
Asian shares follow Wall Street higher, while the Japanese yen hits a 39-year low against the dollar

Asian shares were mostly higher on Tuesday, tracking Wall Street gains, while the Japanese yen was trading near a 40-year low against the U.S. dollar. Shares in South Korea, Japan and Taiwan rebounded from earlier losses spurred by selling of technology companies due to concerns over the sustainability of the boom in artificial intelligence. Chip equipment maker Tokyo Electron jumped 3.3%.

Bloomberg87d agoneutral
Microsoft’s $570 Billion Rout Sets Up Its Worst Month Since 2000

(Bloomberg) -- Microsoft Corp. shares are heading for their worst month since the dot-com era as investors continue to fret about how the software giant will fare in a world marked by artificial intelligence.Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsUS and Iran Agree to Halt Attacking Each Other Ahead of TalksOil Trades Near Four-Month Low as US and Iran Halt Fresh AttacksAramco Helicopter Crash in Ras Tanura Kills All 14 on BoardPrabowo Risks Prompt

Samsung, SK Hynix Outline Massive Investments
The Wall Street Journal87d agoneutral
Samsung, SK Hynix Outline Massive Investments

~ $2 trillion That's how much South Korean chipmakers Samsung Electronics and SK Hynix, along with affiliate companies and the country's government, plan to spend on creating new semiconductor and AI industry hubs in the years to come.

South Korea's Massive AI Investment Push
Bloomberg88d agoneutralVIDEO
South Korea's Massive AI Investment Push

South Korea is launching a 1,350 trillion won ($880 billion) plan in corporate investments to build out critical AI infrastructure and cement its global dominance in the semiconductor market. President Lee Jae Myung called the sweeping mega-project a "national survival strategy" for the AI era. Bloomberg's Avril Hong breaks down the press conference, where President Lee was joined by the CEOs of tech giants Samsung and SK Hynix to outline the multi-year roadmap.

Bloomberg88d agoneutral
Korean Stocks Rebound as Samsung, SK Hynix Unveil Spending Plan

(Bloomberg) -- South Korean stocks recouped earlier losses as Samsung Electronics Co. and SK Hynix Inc. pledged massive investment during a government briefing that underscored the country’s commitment to AI development.Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsAramco Helicopter Crash in Ras Tanura Kills All 14 on BoardOil Pares Early Gains as US, Iran Halt Attacks After Flare-UpUS and Iran Agree to Halt Attacking Each Other Ahead of TalksAn Analyst’s

South Korea to invest nearly $1.2 tn in chips, AI data centres
AFP88d agoneutral
South Korea to invest nearly $1.2 tn in chips, AI data centres

South Korea will invest nearly $1.2 trillion -- equivalent to more than two-thirds of its GDP -- in a new chip-building hub and AI data centres over several years, as it seeks to profit from soaring demand while developing previously neglected regions.The government also announced a separate investment of a quadrillion won (around $650 billion) in AI data centres over the next 10 years.

Samsung Electronics, SK Hynix to invest in two new fabrication sites in South Korea, government says
Reuters88d agoneutral
Samsung Electronics, SK Hynix to invest in two new fabrication sites in South Korea, government says

Samsung Electronics and ‌SK Hynix ‌plan to each build ​two new massive chip fabrication sites in South Korea's southwest ‌region ⁠as part of a national project ⁠to build chip production "ecosystem" valued ​at 800 ​trillion ​won ($517.87 billion), ‌the government said on Monday. The plan was unveiled at the announcement of three ‌new "mega-projects" by ​the country ​and ​the global ‌chip giants to ​spur ​growth and dominate the AI sector. ($1 = ​1,544.8000 ‌won)

Asian shares are mixed as tech stocks fall in Japan and South Korea
Associated Press88d agoneutral
Asian shares are mixed as tech stocks fall in Japan and South Korea

Asian markets were mixed on Monday as selling of artificial intelligence-related shares pulled benchmarks in Japan and South Korea lower, though gains for other stocks helped offset those losses. U.S. futures advanced and oil prices gained, though they remained close to the levels they were at before the Iran war began in late February. Tensions between the U.S. and Iran escalated over the weekend as Iran launched fresh drone and missile attacks on Bahrain and Kuwait in response to new U.S. airstrikes, adding to uncertainties clouding the global economic outlook.

South Korea unveils massive AI and chip investment drive
Reuters88d agoneutral
South Korea unveils massive AI and chip investment drive

South Korea rolled out sweeping chip and AI mega-projects on Monday, ‌as President Lee Jae Myung pledged to cement ‌overwhelming industry leadership with investments spanning hundreds of billions of dollars over ​several years. The announcement marks Lee's boldest push yet to align South Korea's AI and chip ambitions with his pledge to narrow regional disparities and revive economies beyond the Seoul metropolitan ‌area. Lee was joined by ⁠the leaders of Samsung Electronics and SK Hynix, the world's two largest memory chipmakers, for ⁠the televised announcement.