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Losses in global foundry sales in 2023 will hurt Taiwan and South Korea.

This year is expected to be a down year for revenues in the worldwide contract chipmaking industry, also known as foundries, as demand for sophisticated chips, which have strengthened the technology-driven economies of Taiwan and South Korea, rapidly cools. Foundry sales are forecast to drop by 4...

Sales of global foundries are expected to fall in 2023, hurting Taiwan and South Korea in particular.

The advanced chips that have strengthened the economies of Taiwan and South Korea through technological innovation have seen a sharp decline in demand, and foundry revenues around the world are expected to plummet as a result. Foundry sales are predicted to fall by 4% in 2023 from 2022, according...

As demand for semiconductors and mobile devices declines, Samsung has its lowest quarterly profit in 8 years.

Preliminary estimates show that as worldwide demand for memory chips and smartphones wanes due to high inflation and sluggish economy, Samsung Electronics' operating profit plunged 69% to $3.4 billion in the quarter ending in December, an eight-year low. Despite "continued external conce...

Samsung's CEO has been encouraged to diversify senior executives and board members.

Lee Jae-yong, who was promoted from vice chairman to chairman of Samsung Electronics, the crown jewel of Samsung Group, on Oct. 27, faces the daunting task of navigating multiple challenges, including a chip market slump, legal risks, and the search for new growth engines to keep the nation's...

Samsung Electronics's new chairman is Lee Jae-yong

Lee Jae-yong, the de facto leader of the Samsung Group and the grandson of its founder Lee Byung-chul, was appointed chairman of Samsung Electronics on Thursday. Earlier in the day, the board authorized his elevation.

The 54-year-old, who succeeds his founder-grandfather and his father ...

Samsung revealed foundry tech, required for manufacturing 3-nm chips

Samsung Electronics has announced new technologies and designing tools, which are required for its for 3-nanometer process. The company has unveiled its strategy to strengthen the foundry industry ecosystem.

Highlights

  • Samsung Electronics announces new...

S. KOREAN STOCKS END LOW ON MONDAY OVER RISING COVID-19 CASES IN ASIA

Highlights –

  • S. Korean stocks end low on Monday over rising COVID-19 cases in Asia.
  • The benchmark Korea Composite Stock Price Index fell 18.80 points, or 0.6 percent.
  • Samsung Electronics stocks fell 0.62 percent to 79,600 won.
    • ...

S. KOREAN STOCKS END HIGH ON FRIDAY; KOSPI ROSE

Highlights –

  • S. Korean stocks end high on Friday; KOSPI rose.
  • The benchmark Korea Composite Stock Price Index (KOSPI) rose 31.21 points.
  • Samsung Electronics stocks added 2.04 percent to 80,100 won.
  • Samsung Biologics stocks ...

S. KOREAN STOCKS END LOW ON THURDAY’S SESSION OVER INFLATION FEARS

Highlights –

  • S. Korea stocks end low on Thursday’s session over inflation fears.
  • The benchmark Korea Composite Stock Price Index (KOSPI) fell 39.55 points.
  • Samsung Electronics stocks shed 1.88 percent to 78,500 won.
  • S...

S. KOREAN STOCKS END LOW OVER STOCK SELL-OFFS ON TUESDAY

Highlights –

  • S. Korean stocks end low over stock sell-offs on Tuesday.
  • The benchmark Korea Composite Stock Price Index (KOSPI) fell 39.87 points.
  • Samsung Electronics stocks shed 2.4 percent to 81,200 won.
  • SK Hynix stocks tu...

S. KOREAN STOCKS END HIGH OVER EXPECTED U.S JOBS DATA

Highlights –

  • S. Korean stocks end high over expected U.S jobs data.
  • The benchmark KOSPI went up 52.1 points, or 1.63%.
  • Samsung Electronics stocks advanced 1.59% to 83,200 won.
  • SK hynix stocks moved up 0.39% to 130,000 won.<...

S. KOREAN STOCKS END MODERATELY HIGH ON TUESDAY OVER SHORT SELLING

Highlights –

  • S. Korean stocks end moderately high on Tuesday over short selling.
  • The benchmark Korea Composite Stock Price Index (KOSPI) rose 20.17 points, or 0.64%.
  • Samsung Electronics stocks added 1.1 percent to 82,600 won.
    • <...

S. KOREA STOCKS END LOW OVER POSSIBLE RISING COVID-19 CASES

Highlights –

  • S. Korea stocks end low over possible rising COVID-19 cases.
  • The benchmark Korea Composite Stock Price Index (KOSPI) fell 20.66 points.
  • Samsung Electronics stocks added 0.25 percent to 81,700 won.
  • SK hynix stoc...

S. KOREA SAW AN INCREASE IN 5G USERS BY 14 MILLION IN APRIL

Highlights –

  • S. Korea saw an increase in 5G users by 14 million in April.
  • SK Telecom Co. reported the most 5G subscribers at 6.74 million in April.
  • 4G subscriptions declined to stand at 51.18 million in April.
  • Some unsatisf...

S. KOREAN STOCKS END LOW OVER LIFTING OF BAN ON SHORT SELLING

Highlights –

  • S. Korean stocks end low over lifting of ban on short selling.
  • The benchmark Korea Composite Stock Price Index (KOSPI) fell 26.21 points, or 0.83 percent.
  • Samsung Electronics stocks fell 0.24 percent to 81,500 won.
    • ...

S. KOREAN STOCKS END LOW ON THURSDAY; KOSPI FELL

Highlights –

  • S. Korean stocks end low on Thursday; KOSPI fell.
  • KOSPI fell 7.4 points, or 0.23 percent, to close at 3,174.07 points.
  • Samsung Electronics stocks lost 0.49 percent to 81,700 won.
  • SK hynix stocks closed unchange...

S. KOREAN STOCKS END LOW; FOREIGN INVESTORS OFFLOAD LOCAL STOCKS

Highlights –

  • S. Korean stocks end low; foreign investors offload local stocks.
  • The stocks dipped 1% on Wednesday trading.
  • Korea Composite Stock Price Index (KOSPI) fell 33.95 points, or 1.06 percent.
  • Samsung Electronics sto...

S. KOREAN STOCKS END LOW ON TUESDAY; KOSPI FELL

Highlights –

  • S. Korean stocks end low on Tuesday; KOSPI fell.
  • Korea Composite Stock Price Index (KOSPI) slipped 2.11 points, close at 3,215.42 points.
  • Samsung Electronics stocks lost 0.72 percent to 82,900 won.
  • Foreign inve...

S. KOREAN STOCKS END UP OVER PROGRESS OF LOCAL VACCINATION CAMPAIGN

Highlights –

  • S. Korean stocks end up over progress of local vaccination campaign.
  • KOSPI rose 31.43 points, or 0.99 percent, to close at 3,217.53 points.
  • Samsung Electronics stocks rose 0.85 percent to 83,500 won.
  • SK hynix s...

SAMSUNG SOLD OVER 10,000 UNITS OF 2021 QLED TV IN S. KOREA

Highlights –

  • Samsung sold over 10,000 units of 2021 QLED TV in S. Korea.
  • The new QLED TV models were released in March 3.
  • Samsung’s Neo QLED TV accounted for half of its 2021 QLED TV sales in South Korea.
  • In 2020, Sam...