Samsung Group will unveil a sweeping decade-long investment plan on Monday, pledging 1,000 trillion won ($648 billion) to anchor South Korea’s next growth cycle, including a possible 300 trillion won push to build chip factories in the country’s southwest, a media report said.
Tag: Asia Pacific
Apple raised iPad and MacBook prices on Thursday, saying it could no longer shield customers from soaring memory and storage chip costs driven by the AI industry’s datacenter buildout.
South Korea’s SK Hynix said on Wednesday it plans to raise up to 45.45 trillion won ($29.43 billion) via the listing of American Depositary Receipts, as it seeks to expand its investor base and production capacity for chips used in artificial intelligence.
South Korea’s KOSPI plummeted 9.99%, its steepest drop in more than three months, on Tuesday as overseas investors sold chipmakers following regulatory signals that the sector’s rally had gotten overheated.
The United States waived sanctions on Iran for 60 days from Monday after the first talks under a nascent peace deal, with U.S. President Donald Trump saying he will “do what I have to do” if Iran does not stick to its side of the agreement.
Airlines stand to save billions of dollars on jet fuel after an interim U.S.-Iran peace deal sent oil prices lower, but passengers are unlikely to see immediate relief as tight capacity may allow carriers to keep fares well above pre-war levels.
A ceasefire largely held in Lebanon on Monday as the country experienced the longest lull yet in three months of war between Hezbollah and Israel, even as fear of renewed hostilities kept displaced people from going home.
Operations had been halted after an Iranian attack in March.
Japanese financial authorities kept markets guessing over possible intervention to support the embattled yen, with Finance Minister Satsuki Katayama reiterating that Tokyo “will respond appropriately to currency moves at any time.”
A joint statement from mediating nations Qatar and Pakistan said the U.S. and Iran agreed to a roadmap toward a final deal within 60 days.