Korea Joongang Daily
Korea JoongAng Daily

ICT exports for March more than double since last year on chip demand

Korea's exports of information and communication technology (ICT) products more than doubled in March from a year earlier, driven by strong semiconductor demand amid the global AI boom, government data showed Tuesday.

2026-04-14

For Samsung and SK hynix, long-term deals with Big Tech offer stability in churning chip cycles

Prospective memory deals with Microsoft and Google may usher in a transition that commits Samsung Electronics and SK hynix to long-term supply contracts of up to five years, bringing much-needed stability to the highly cyclical chip industry.

2026-04-14

Chip boom lifts Samsung to $38B operating profit in Q1, far above forecasts

Samsung Electronics reported preliminary operating profit of 57.2 trillion won ($38 billion) for the January to March quarter, a 755 percent year-on-year surge that smashed market expectations, driven by booming memory demand and rising chip prices.

2026-04-07

Korean gov't, investors pour 640 billion won into AI chip startup Rebellions in pre-IPO funding

Korea’s government and private investors have backed AI chip startup Rebellions with a 640 billion won ($420 million) pre-IPO funding round, valuing it at 3.4 trillion won, the company said Tuesday.

2026-03-31

Korean currency, markets increasingly mirror Japan as they drift from China, U.S.

Korea’s market is breaking from longstanding patterns, moving more in step with the Japanese yen and Japanese equities while leaving behind its former ties to the Chinese renminbi and U.S. stocks.

2026-03-30

JPMorgan flags Kospi pullback as chance to buy in

The Kospi is expected to remain attractive over the next five years despite its recent volatility, with the pullback following the Iran war potentially offering an entry point for investors, according to J.P. Morgan Asset Management (JPMAM).

2026-03-23

Hanwha Vision, U.S. chip designer Ambarella ink agreement on AI video security tech

Hanwha Vision, a video surveillance and vision solutions unit under Hanwha Group, said Monday it has partnered with U.S. AI chip design firm Ambarella to develop next-generation AI video security technologies.

2026-03-23

Samsung to spend record $73 billion on facilities, R&D to meet soaring chip demand

Samsung Electronics plans to spend at least 110 trillion won ($73.3 billion) on facilities and research and development this year, positioning itself to meet robust growth in chip demand while leaving room for merger and acquisition opportunities.

2026-03-19

SK hynix's cashable assets more than double in 2025 on HBM boom

The combined amount of cashable assets of SK hynix more than doubled in 2025 from a year earlier on the back of robust earnings led by high bandwidth memory (HBM) products, a report showed Tuesday.

2026-03-17

Samsung, LG display makers wary of 'price burden' if Iran war extends

Heads of Korean display makers said Thursday they are closely monitoring the potential fallout of the U.S.-Iran war amid concerns that the Middle East conflict could trigger inflation and push up production costs.

2026-03-12