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The Latest Breaking News on Asian tech

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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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

The Independent UK

$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.

Tom’s Hardware

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.

International Business Times

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.

Al Jazeera

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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

Evening Standard

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.

Tom’s Hardware

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.

International Business Times

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

The Independent UK

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….

StockNews.com

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.

Investors Business Daily

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

GamesRadar

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StockNews.com

3 Chip Stocks to Spark Your Portfolio

The semiconductor industry’s growth prospects look promising thanks to the soaring chip demand across various end-use sectors and the rising penetration of AI, IoT devices, and machine learning. Therefore, it could be wise to buy quality chip stocks, KLA (KLAC), Taiwan Semiconductor Manufacturing (TSM), and Everspin Technologies (MRAM) to spark…

Investors Business Daily

IBD Stock Of The Day, Taiwan Semiconductor, Jumps On April Sales Report, Lifts Fabless Chipmakers

Contract chipmaker Taiwan Semiconductor Manufacturing hit a buy point following its April sales report.

The Hindu

Hyderabad entrepreneur’s project Decode Millet to engage a million corporate employees

Decode Millet project by Vishala Reddy Vuyyala aims to promote millet consumption among corporate employees in eight cities.

Tom’s Hardware

Storage manufacturer SK hynix raided by South Korean regulators — investigation into supplier FADU intensifies

SK hynix is the fifth organization to be raided by South Korea's watchdog group as part of its investigation into alleged securities fraud on the part of SSD and controller manufacturer Fadu.

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Tom’s Hardware

Samsung accelerates race against Intel in glass chip packaging development — glass substrates boost performance

Samsung accelerates construction of glass substrates pilot line, plans to start test production in Q1 2025.

Tom’s Hardware

Global chip materials market declined in 2023 — China is the only country to experience growth

The global semiconductor materials market contracted to $66.7 billion in 2023.

The Hindu

Congress releases Telangana-specific manifesto for Lok Sabha polls

Congress party's Telangana-specific manifesto promises ITIR revival, a bench of Supreme Court in Hyderabad, and various development projects.

Investors Business Daily

Stock Market Sells Off; Taiwan Semi, ASML, Netflix, Tesla In Focus: Weekly Review

The stock market suffered significant losses for the week, with ASML and Taiwan Semiconductor slamming the chip sector. Tesla was a big loser.

AnandTech

TSMC Posts Q1'24 Results: 3nm Revenue Share Drops Steeply, but HPC Share Rises

Taiwan Semiconductor Manufacturing Co. this week released its financial results for Q1 2024. Due to a rebound in demand for semiconductors, the company garned $18.87 billion in revenue for the quarter, which is up 12.9% year-over-year, but a decline of 3.8% quarter-over-quarter. The company says that in increase in demand…

Kiplinger

Why Taiwan Semiconductor Stock Is Falling After Earnings

Taiwan Semiconductor beat expectations for the first quarter but its stock is notably lower. Here's why.

International Business Times

Taiwan Chip Giant TSMC's Profits Surge On AI Demand

Taiwan Semiconductor Manufacturing Company -- whose clients include Apple and Nvidia -- controls more than half the world's output of silicon chips, which have been called the "lifeblood" of the modern world.

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