Samsung and SK Hynix will invest $517.87 billion with suppliers to build two new chip fabrication sites
While hyperscaler cloud providers face margin pressures, Wood views memory producers as the most leveraged way to play the relentless AI investment cycle.
The investment, which would include AI data centers, batteries and displays, will be announced at a meeting with President Lee Jae Myung at the presidential office
South Korea’s stock market suffered a sharp sell-off as the KOSPI plunged 10%, triggering a trading halt. AI-driven giants Samsung and SK Hynix, which had powered a spectacular rally, led the decline
The Kospi closed down 10%, with losses extending after a 20-minute trading suspension by the Korea Exchange
Shares of SK Hynix, now the world's most valuable memory chipmaker, traded up 5.7% to bring the company's market capitalisation to 2,082.5 trillion won
Samsung's new 2026 AI TV lineup introduces Micro RGB technology in India alongside updated OLED, Neo QLED, The Frame, Mini LED, and UHD televisions across multiple screen sizes
SK Hynix rose as much as 11 per cent in South Korea on Wednesday, taking its 12-month gain to more than 1,000 per cent and becoming the third Asian company to join the $1 trillion club
Samsung smartphone users will soon lose Samsung Gallery's built-in OneDrive syncing feature, as Microsoft is set to move future cloud backups entirely to the standalone OneDrive app
Several Galaxy smartphone users are reportedly facing broken dark mode colours and inconsistent grey tones inside Google apps after installing Samsung's stable One UI 8.5 update
Samsung is reportedly planning to expand its Galaxy S lineup with a new Pro variant that could offer Ultra-like specifications without stylus support
Management and union leaders at Samsung Electronics failed to reach a last-minute deal over wages Wednesday, raising prospects for a strike at the South Korean electronics giant that could rattle global semiconductor supplies and the country's trade-dependent economy. Government officials have threatened to invoke rarely used emergency powers to force a settlement at Samsung, where the union, which represents about 74,000 workers, says the company has failed to offer adequate compensation despite its soaring profits fuelled by the global boom in artificial intelligence. After the latest round of talks ended without a breakthrough on Wednesday, union leader Choi Seung-ho told reporters that unionized workers will begin an 18-day strike from Thursday. Both the union and the management held each other responsible for a failure to reach a deal. Choi accused management of refusing to accept a government-mediated proposal whose details he refused to disclose. Management accused the union
Kim estimated the labor action would cost up to 1 trillion won ($668 million) for every day the Samsung chip factory is shut
The union has threatened an 18-day walkout beginning May 21 if its demands are not met
Samsung has launched its Certified Re-Newed programme in India, bringing refurbished Galaxy smartphones with warranty coverage and official quality checks at lower prices
Samsung said a clinical study found the Galaxy Watch6 could detect warning signs of fainting several minutes in advance using AI and heart rate variability data
Samsung has started rolling out One UI 8.5 to select Galaxy devices, adding AI-powered tools, smarter sharing features, improved Bixby, and enhanced security protections
The milestone came as the South Korean company's shares rallied as much as 12 per cent early on Wednesday, making it only the second Asian firm after Taiwan Semiconductor Manufacturing Co. to hit mark
Samsung's India R&D units launch the 2026 Mobile Advance programme to support deep-tech startups, offering funding and integration into its global mobile device ecosystem
iPhone and iPad maker has had early-stage talks with Intel about enlisting the company's chipmaking services, and Apple executives have also made visits to a Samsung plant under development in Texas