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The Latest Breaking News on Asian tech

Nvidia Stock, These Giants Lead Chip Sell-Off On China, Taiwan Worries

Nvidia and other big chip stocks fell on worries of heightened conflict with China and uncertain ties with Taiwan.

Investors Business Daily

Nasdaq Nosedives 2.7% As Biden Trade Policy Fears Pound Chip Stocks; Meta Stock Slammed, Novo Nordisk Triggers Sell Rule But Dow Jones Bucks Drop (Live Coverage)

Novo Nordisk sliced the 10-week line, giving a bearish sell signal.

Investors Business Daily

Stock market today: Asian stocks slip, while Australian index tracks Wall St rally to hit record

Asian stocks are mostly lower even as investors wager that the Federal Reserve will come ahead with a cut to interest rates, while Australia's benchmark hit a new record

The Independent UK

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3 High-Momentum Stocks to Ride the Market Wave

Inflation is gradually cooling, and rate cuts might be on the horizon. Against this backdrop, it could be wise to invest in fundamentally sound stocks, ASE Technology Holding (ASX), Western Midstream Partners (WES), and Navigator Holdings (NVGS), with high momentum, to ride the market wave. Read more.

StockNews.com

Samsung workers in South Korea begin 3-day strike — labor union striking for first time in Samsung's history

The National Samsung Electronics Union, whose 30,000 members represent 1/4th of the South Korean Samsung workforce, is striking today for one more day of annual leave and a change to the company's mysterious bonus structure.

Tom’s Hardware

South Korea Samsung Workers Start Strike: Union Chief

Workers at South Korean tech giant Samsung began a three day general strike Monday, the head of a union representing tens of thousands of employees told AFP, after talks with management broke down.

International Business Times

Taiwanese research firm says TSMC will maintain foundry lead until at least 2032 — US expected to account for 28% of leading edge manufacturing

Taiwan will remain the world's largest manufacturer of logic semiconductors for at least another eight years, according to the director of the Taiwan-based Industrial Technology Research Institute.

Tom’s Hardware

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"India House will reflect strides India has made in Olympic Movement": Reliance Foundation Chairperson Nita Ambani

The Paris 2024 Olympics, which is exactly a month away, will see plenty of historic firsts but the one that holds immense significance. Read further on Dynamite News:

Dynamite News

India’s gig workers remain undocumented, unprotected

Savita* was shocked to discover that her Urban Company ID had been blocked in February 2023 because she did not meet the monthly target of 40 clients. “My mother-in-law passed away and I took a break of one month from work. I was left without any means of income,” the…

Newslaundry

Samsung GPU investment plan given green light — digital twins and lithography purposes likely, consumer GPU improbable

Samsung management recently approved plans to make heavy investments into GPUs. It is unlikely that the investment is going into a new consumer GPU, with likely options being digital twins or computational lithography research to make fabrication more efficient.

Tom’s Hardware

Revolutionary Samsung tech that enables stacking HBM memory on CPU or GPU arrives this year — SAINT-D HBM scheduled for 2024 rollout, says report

Samsung paves the way for HBM4 integration with its SAINT-D interconnection and packaging technology.

Tom’s Hardware

Samsung Electronics union to strike for the first time on June 7, raising chip supply concerns

Samsung workers will stop production for one day and some fear that it could spark another global chip shortage.

Tom’s Hardware

S. Korean President To Host Africa Summit Eyeing Minerals, Trade

South Korea will aim to secure critical mineral imports and boost trade ties with Africa as President Yoon Suk Yeol hosts dozens of heads of state from the continent at a major summit on Tuesday.

International Business Times

Former SK hynix employee charged with stealing tech for Huawei — Chinese national was arrested at airport

An unidentified Chinese national who once worked for South Korea's SK hynix allegedly took more than 3,000 pages worth of proprietary technology printouts to Huawei

Tom’s Hardware

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The Independent UK

Stock market today: Asian shares mostly higher after rebound on Wall St

Asian shares are mostly higher after U.S. stocks bounced back from Wall Street’s worst day since April to finish higher for the week

Tom’s Hardware

$19 billion support package unveiled for South Korean semiconductor industry

New support package for South Korean semiconductor industry aims to improve chip design and contract chip production in the country.

International Business Times

S.Korea President Announces Record $19bn Plan To Boost Chip Industry

South Korea is home to the world's top memory chipmakers Samsung Electronics and SK hynix and last year pledged to build the world's largest chip center using $456 billion of private investment as it seeks an edge in the global industry.

Al Jazeera

After Japan’s comeback, South Korea is hoping for its own stock market boom

Seoul is undertaking reforms to counter the so-called ‘Korea discount’ dragging down the valuations of its firms.

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Evening Standard

UK retail investors increasingly betting on India, new data shows

According to data from Interactive Investor, India is by far the most popular emerging market for British retail investors, beating out China

Tom’s Hardware

Samsung names new CEO as company loses market share to SK hynix, hopes to retake ground as AI demand for memory increases

Samsung Electronics has named Young Hyun Jun its new Head of Device Solutions, apparently to strengthen Samsung's competitiveness in the industry, with his predecessor off to focus on future moves and vision.

International Business Times

Rapidus 'Last Opportunity' To Put Japan Back On Global Chip Map

Japan's Rapidus project that brings together some of the world's biggest companies is the "last opportunity" to put the country's once-dominant semiconductor sector back on the global map, its chairman warned.

The Independent UK

Justice Dept makes arrests in North Korean identity theft scheme involving thousands of IT workers

The Justice Department has announced three arrests in a complex stolen identity scheme that officials say generates enormous proceeds for the North Korean government, including for its weapons program

StockNews.com

Applied Materials (AMAT) Earnings Preview: Buy Signal or Warning?

Applied Materials (AMAT) is all set to announce its second-quarter earnings today. However, taking into account the expected revenue and earnings decline over the prior-year quarter, is it wise to invest in AMAT prior to its earnings release? Read more to find out….

Investors Business Daily

Funds Keep Buying Nvidia's Chipmaker, Amazon Stock And Costco

Today's IBD Screen Of The Day highlights Nvidia's chipmaker Taiwan Semiconductor, Amazon stock and Costco Wholesale.

GamesRadar

Elden Ring publisher Bandai Namco responds after ex-employee arrested for embezzling nearly $4 million by selling a whopping 4,400 mobile devices over 7 years

Bandai originally filed a civil proceeding against the individual last year

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