FINWIRES · TerminalLIVE
FINWIRES

Market Chatter: Samsung Opens Yokohama AI Chip Packaging Lab to Boost Japan Collaboration

By

Samsung Electronics (KRX:005930) has launched an AI chip packaging research center in Yokohama to speed development through collaboration with Japanese back-end manufacturing leaders, Nikkei Asia reported Wednesday.

The 6,600-square-meter Advanced Package Lab includes a clean room replicating actual production conditions and will employ 95 researchers from both countries, the news agency said, citing the company.

The facility, backed by 40 billion yen in investment including 22.5 billion yen in Japanese government subsidies, focuses on advanced packaging materials and mass-production methods, the publication said.

Samsung said the lab will strengthen Korea-Japan tech cooperation and drive next-generation packaging growth, with 15 major local suppliers attending the opening, the report said.

Samsung shares were up over 1% in recent trade.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Related Articles

Asia

Majestic Dragon Aerotech Appoints Marketing Chief

Majestic Dragon Aerotech (HKG:0918) has appointed Zhang Chen as the company's chief marketing officer, according to a Monday bourse filing.Zhang has over 10 years of experience in real estate development and in managing hotel operations and fire safety systems. His appointment will be effective Dec. 7.

HKG:0918
Asia

HRnetGroup Gets SGX-ST Preliminary Nod for Share Listing

HRnetGroup (SGX:CHZ) has received in-principle approval from the Singapore Exchange Securities Trading (SGX-ST) for the listing and quotation of 241,527 shares to be transferred to certain employees and executive director.The approval is subject to the company complying with SGX-ST listing requirements, including obtaining specific shareholders' approval where applicable, according to a Monday Singapore Exchange filing.The company will make the necessary announcement once the shares are transferred.

SGX:CHZ
Asia

Sequoia Financial Group Ex-Boss Faces 10-Year ASIC Ban From Financial Services Roles

Sequoia Financial Group (ASX:SEQ) former Chief Executive Garry Crole has been banned by the Australian Securities and Investments Commission (ASIC) for 10 years from performing any function involved in carrying on a financial services business as a director or responsible manager, according to a Tuesday statement by ASIC.The regulator said Crole failed to adequately respond to serious concerns about the financial advice model used by former Interprac-authorized representatives, who advised thousands of clients to invest superannuation in the now-collapsed First Guardian and Shield Master Funds.The company did not immediately respond to anemail request for comment.

ASX:SEQ