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166 stories mentioning Samsung ElectronicsUpdated 13h ago

Samsung's chip-plant expansions face possible delays after a Seoul-area concrete transport workers' strike suspended deliveries.

Asia

Market Chatter: Samsung, SK Group to Invest KRW2,000 Trillion Over 10 Years to Boost Industry

Samsung Group and SK Group plan to invest 2,000 trillion won over the next 10 years under President Lee Jae Myung's flagship industrial strategy, the Korea Economic Daily reported Monday.The two groups will unveil their plans at the presidential office later in the day, the report said.The industry, science, land, and energy ministries also plan to announce support measures, which comprise plans to secure the power and water supplies required for the proposed technology facilities, according to a Yonhap News report on Monday.Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) are expected to build four to five semiconductor fabrication plants each in the Gwangju area, while the former plans to construct additional chip packaging facilities in South Chungcheong Province, and the latter will add to its NAND production plants in the North Chungcheong Province, the report said.Samsung Electronics and SK Hynix did not immediately reply to' request for comment.Shares of Samsung Electronics fell more than 5% in recent trade, while those of SK Hynix declined over 4%.(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.)

KRX:000660KRX:005930
Asia

South Korean Shares Plunge on AI, Battery Losses; Samsung Loses 5%, SK Hynix 8%

South Korean shares closed lower on Friday after investors booked profits on AI and battery stocks following the previous day's strong gains. Market heavyweights Samsung Electronics (KRX:005930), SK Hynix (KRX:000660), and LG Energy Solution (KRX:373220) shed over 5%, 8% and 6%, respectively, at the end of the trading day.The benchmark Korea Composite Stock Price Index, or Kospi, fell 5.8%, or 519.09 points, to close at 8,411.21. The Kosdaq also declined by 4.1%, or 36.44 points, to end at 851.37.In economic data, the average interest rate on new deposits in South Korea added one basis point to hit 2.93% in May from the previous month, while the average interest rate on outstanding amounts of deposits also added one basis point to 2.03% during the same period.The average interest rate on new loans in the country shed one basis point to hit 4.19% in May from the previous month, while the average interest rate on outstanding amounts of loans added one basis point to 4.31% during the same period, the Bank of Korea said Friday.On the corporate front, SK Telecom (KRX:017670) plans to invest 738.38 billion won in chipmaker SK Hynix's US-incorporated NAND unit SK Hynix NAND Product Solutions Corporation (SKHNPS) via a capital contribution commitment agreement to acquire 1,198 newly issued shares.The investment will give SK Telecom a 0.9% stake in SKHNPS, with the acquisition scheduled to close on June 25, 2030, according to a Friday filing with the Korea Exchange.Shares of SK Telecom fell nearly 1% at market close.

^KOSDAQKOSPIKRX:000660KRX:005930KRX:017670KRX:373220
Asia

Market Chatter: Samsung Group to Invest KRW1,000 Trillion in Korea; Samsung Elec Shares Decline 7%, Samsung SDI Fall 5%

Samsung Group plans to invest 1,000 trillion won in South Korea over a period of 10 years, details of which will be announced on Monday at a meeting with President Lee Jae Myung at ​the presidential office, Reuters reported Friday, citing a Maeil Business Newspaper report that did not cite sources.The investment could potentially include ​300 trillion won for the construction of chip factories in the southwest of the country, the report said.The investment will be used to build AI data centers, ⁠develop batteries and displays, according to Maeil Business as cited by Reuters.Samsung Group comprises chip giant Samsung Electronics (KRX:005930), battery maker Samsung SDI (KRX:006400), and IT services firm Samsung SDS (KRX:018260), among others.Samsung did not immediately reply to' request for comment.Shares of Samsung Electronics fell nearly 7% while those of Samsung SDI declined nearly 5%.(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.)

KRX:005930KRX:006400KRX:018260
Asia

South Korean Stocks Gain Sharply on AI-Led Market Optimism

South Korean shares closed sharply higher on Thursday, supported by gains in U.S. stock futures after US-based computer memory chip maker Micron Technology's upbeat fiscal fourth-quarter sales outlook boosted investor confidence in the AI-led market rally.The benchmark Korea Composite Stock Price Index, or Kospi, rose 5.4%, or 459.28 points, to close at 8,930.3. The Kosdaq declined by 2.4%, or 21.5 points, to end at 887.81.Micron Technology expects revenue to be around $50 billion in fiscal Q4, with diluted earnings per share of $30.73. Gross margin is expected to be around 86%.In economic news, the composite business sentiment index in all industries in South Korea decreased 1.2 points to 97.7 in June from 98.9 in May, while the outlook for the next month fell by 2.4 points to 95.2, according to data released by the Bank of Korea on Thursday.The seasonally adjusted composite business sentiment index for the manufacturing sector added 0.4 points to 101.2, while the outlook for the following month shed 2.1 points to 98.2, the central bank said.For the non-manufacturing sector, the seasonally adjusted composite business sentiment index decreased 2.1 points to 95.4, while the outlook for the following month shed 2.7 points to 93.2.Meanwhile, the economic sentiment index, a composite of the business survey and consumer survey indices, went down 0.7 points to 96.8.In corporate news, SK Bioscience (KRX:302440) secured a supply contract of influenza vaccines from 2026 to 2027 from the Public Procurement Service of the Republic of Korea, according to a Thursday filing with the Korea Exchange.The contract, valued at 23.9 billion won, is valid till June 30, 2027.Shares of SK Bioscience jumped nearly 2% at market close.In other news, Fitch Ratings assigned Korea Investment (KRX:071050) subsidiary Korea Investment & Securities a long-term credit rating of BBB with a stable outlook, according to a commentary released Wednesday.The stable outlook reflects the rating agency's expectation that the brokerage, wealth management, proprietary trading, and investment banking services provider will maintain a balance sheet and financial profile in accordance with its current rating over the next one to two years.Fitch Ratings will continue to monitor Korea Investment & Securities' evolving business model and risk profile, the release said.Shares of Korea Investment Holdings rose nearly 5% at market close.

^KOSDAQKOSPIKRX:071050KRX:302440
Asia

Market Chatter: Qualcomm Eyes Developing US-Compliant Data Center Lineup in China

Nasdaq-listed Qualcomm considers marketing its data center products in China, developing chips that would be compliant with U.S. export controls, Nikkei Asia reported Thursday, citing the company's chief executive officer.The statement came as the U.S. chipmaker vies to rival Nvidia with the launch of its Dragonfly data center chip lineup at the company's investor day in New York. Dragonfly's product lines comprise artificial intelligence accelerators, data center CPUs, custom silicon and connectivity chips, the report said.CEO Cristiano Amon told Nikkei that Qualcomm is working to bring the Dragonfly lineup to China, with AI accelerators designed for the Chinese market that are compliant with U.S. export laws, according to the media outlet.Amon said the data center processor's design, dubbed high bandwidth compute or HBC, will enable data center chips deliver six times the bandwidth per watt compared to high bandwidth memory or HBM chips, which are currently manufactured by South Korea's Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660), Nikkei said.(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.)

Shanghai Composite^SZSEKRX:000660KRX:005930
Asia

Samsung Electronics Denies Rumors of KRW90 Trillion Share Buyback Plan; Shares Rise 5%

Samsung Electronics (KRX:005930) denied media rumors of the company planning to repurchase 90 trillion won worth of shares over a period of three years, beginning in July, according to a Thursday filing with the Korea Exchange.Denying the report published by Munhwa Ilbo in a Wednesday news report, Samsung Electronics said that although it was reviewing a share repurchase plan for stock-based compensation based on its 2026 management performance, no key matters, including the schedule or scale of the repurchase, had been finalized.Shares of the company rose nearly 5% in recent trade.

KRX:005930
Asia

South Korean Shares Rebound on Chip Gains; Samsung Adds 10%, SK Hynix 1%

South Korean shares rebounded on Wednesday, owing to strong gains made by heavyweight semiconductor stocks, after following a technology stocks-led sell-off on record on Tuesday. Key market movers Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) added nearly 10% and 1%, respectively, at market close.The benchmark Korea Composite Stock Price Index, or Kospi, rose 3.3%, or 267.18 points, to close at 8,471.02. The Kosdaq also increased by 2%, or 17.79 points, to end at 909.31.In economic news, the number of foreign tourists that arrived in South Korea has exceeded 10 million as of the third week of June, the Ministry of Culture, Sports and Tourism said in a Wednesday release.The number of foreign tourists visiting South Korea jumped 19.4% to 1.95 million in May from 1.63 million a year earlier. Total foreign arrivals in the country in the first five months of 2026 rose 21% to 8.72 million from 7.21 million in the same period last year, the ministry said.In the corporate front, the South Korean government is in discussions with chipmakers Samsung Electronics and SK Hynix over the next phase of large-scale semiconductor investments, Reuters reported Wednesday, citing presidential policy adviser Kim Yong-beom at a discussion panel.Kim said that AI-driven demand growth may require the two chipmakers to boost planned chip facility construction by more than 10 years to 2034-2035, while the government looks for space to build a second semiconductor cluster, the report said.In other news, CMES Robotics (KOSDAQ:475400) secured a supply contract for an electrode coater insulation thickness measuring instrument from LG Energy Solution Arizona, the company said in a Wednesday filing with the Korean Exchange.The contract, valued at 1.40 billion won, is expected to be valid till Aug. 31, 2028.Shares of CMES Robotics rose nearly 7% at market close.

^KOSDAQKOSPIKRX:000660KRX:005930
Asia

Market Chatter: South Korea Talks Chip Investments with Samsung Electronics, SK Hynix

South Korea is in discussions with chipmakers Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) over the next phase of large-scale semiconductor investments, Reuters reported Wednesday, citing presidential policy adviser Kim Yong-beom at a discussion panel.Kim said that AI-driven demand growth may require the two chipmakers to boost planned chip facility construction by more than 10 years to 2034-2035, while the government looks for space to build a second semiconductor cluster, the report said.Shares of Samsung Electronics rose more than 4% in recent trade, and those of SK Hynix fell over 2%.(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.)

KRX:000660KRX:005930
Asia

Chinese Shares Open Lower on Tech Selloff, Rate Hike Worries

Chinese shares opened lower on Wednesday, driven by a selloff in technology stocks and market expectations that the U.S. Federal Reserve will raise rates.The Shanghai Composite Index, the main gauge of Chinese stocks, slipped 0.4% to 4,090.10. The Shenzhen Component Index slid 0.5% to 15,782.40.Artificial intelligence and chip stocks drove the global tech sector deeper into losses, a slide that originated with heavy losses among South Korea's two largest firms, NBC News reported.Major market-moving technology stocks Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) plunged over 12% at market close on Tuesday.Investor sentiment took an additional hit from SpaceX, which has trended downward for several sessions following its much-hyped June 12 listing, NBC wrote.Also hurting sentiment was rising bets on a Fed interest rate hike. Bank of America now expects rate increases of 75 basis points across September, October and December, marking a reversal from its recent forecast of no change this year.

Shanghai Composite^SZSEKRX:000660KRX:005930
Asia

Samsung Electronics Develops Universal Flash Storage 5.0 Solution

Samsung Electronics (KRX:005930) has developed the industry's first Universal Flash Storage 5.0 solution, which can achieve a sequential read speed of 10.8 gigabytes per second and write speed of 9.5 GB/second, according to a company release on Tuesday.The speeds are twice the performance of the previous UFS 4.1 standard, backed by need for mobile AI applications to have faster local data processing.The new solution will also improve power efficiency by more than 40%.Mass production is slated to begin during the fourth quarter of the year, targeting flagship smartphones, XR headsets, AI wearables and generative AI workloads.

KRX:005930
Asia

South Korea's Kospi Crashes 10% as Investors Offload Tech Stocks; Samsung, SK Hynix Down 12%

A technology stocks-led sell-off dragged South Korean stocks sharply lower on Tuesday on strong profit-taking and following overnight losses on Wall Street. Major market-moving technology stocks Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) plunged over 12% at market close.The Korea Exchange activated a five-minute buy-side sidecar on the country's primary stock market around 11.40 am after the KOSPI200 Futures fell 76.06 points, or 5.12%, to trade at 1,407.54 amid the massive sell-off. A buy-side sidecar is activated when the KOSPI200 Futures index moves 5% or more for at least one minute.The benchmark Korea Composite Stock Price Index, or Kospi, fell 10%, or 910.71 points, to close at 8,203.84. The Kosdaq also decreased by 7.9%, or 76.88 points, to end at 891.52.In economic news, South Korea's composite consumer sentiment index rose to 106.6 in June from 106.1 in May, according to data released by the Bank of Korea on Tuesday. A reading above 100 indicates an improved outlook, while a reading below 100 suggests pessimism.Sentiment toward current living standards rose one point to 94, while sentiment on the future outlook was unchanged at 97. The outlook for future household income and the sentiment for future household spending were steady at 100 and110, respectively.In corporate news, a worker at HD Korea Shipbuilding & Offshore Engineering (KRX:009540) subsidiary HD Hyundai Samho died on Monday after being struck by a mooring rope during vessel berthing operations at Dolphin Pier 1 in Yeongam.The Ministry of Employment and Labor is investigating the matter, according to a Tuesday filing with the Korea Exchange.Shares of HD Korea Shipbuilding & Offshore Engineering fell nearly 8% at market close.

^KOSDAQKOSPIKRX:000660KRX:005930KRX:009540
Asia

Market Chatter: SK Hynix Overtakes Samsung Electronics as South Korea's Most Valuable Listed Company

SK Hynix (KRX:000660) has overtaken Samsung Electronics (KRX:005930) as South Korea's most valuable listed company, according to a report by Reuters on Monday.The supplier of high-bandwidth memory chips has taken advantage of the global AI boom, with its shares trading 5.7% early Monday, to take its market capitalization to around 2.082.5 trillion won, the report said.According to a senior analyst at Meritz Securities, Kim Sunwoo, the emergence of "customized AI memory" has changed industry mechanics and paved the way for SK Hynix to establish itself as a market leader, the report added.(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.)

KRX:000660KRX:005930
Asia

South Korea's Kospi Crosses 9,000 Points to Hit Record High; Samsung Gains 5%, SK Hynix 7%

South Korean shares closed at a record high on Thursday, with the country's primary index surpassing the 9,000-point level for the first time ever.Investor sentiment was particularly buoyed by the US-Iran deal and the reopening of the Strait of Hormuz. In addition, the U.S. Federal Reserve's decision to keep its key rate steady in the range of 3.50%-3.75% at its latest rate-setting meeting also boosted sentiment.The benchmark Korea Composite Stock Price Index, or Kospi, increased by 2.3%, or 199.6 points, to close at 9,063.84. The Kosdaq, however, decreased by 3%, or 31.03 points, to end at 1,000.93.Thursday's gain marked the sixth straight day of gains, owing to optimism over the AI sector. Shares of market movers and chip stocks Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) rose nearly 5% and 7%, respectively.U.S. President Donald Trump and Iranian President Masoud Pezeshkian signed the Iran document on Wednesday night, the White House told the BBC.Key aspects of the deal comprise Iran's commitment not to develop a nuclear weapon, the restoration of shipping via the Strait of Hormuz with no transit fees for at least 60 days, the removal of U.S. sanctions, and an end to hostilities, including in Lebanon.In corporate news, Samsung Biologics (KRX:207940) secured a biologics contract manufacturing organization (CMO) contract from an undisclosed US-based pharmaceutical company. The contract, valued at 835.7 billion won, is valid until Dec. 31, 2031.Shares of Samsung Biologics added over 4% at market close.

^KOSDAQKOSPIKRX:000660KRX:005930KRX:207940
Asia

South Korean Shares Close Higher for Fifth Day on Chip Stock Gains

South Korean shares extended their winning streak for a fifth consecutive session on Wednesday, owing to a rally by key chipmakers in the country, such as Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660), which added over 1% and nearly 6% at day's end.The benchmark Korea Composite Stock Price Index, or Kospi, increased by 1.6%, or 137.64 points, to close at 8,864.24. The Kosdaq also rose by 1.3%, or 13.28 points, to end at 1,031.96.In corporate news, Taihan Cable & Solution (KRX:001440) secured a supply order for HVDC XLPE power cables and related accessories from Korea Electric Power Corporation (KRX:015760), according to a filing with the Korea Exchange on Wednesday.The contract, valued at 133.02 billion won, excluding VAT, is valid until March 27, 2028.Shares of both Taihan Cable & Solution added over 1% at market close, while those of Korea Electric Power added nearly 2%.In other news, Kolon (KRX:002020) subsidiary Kolon Global (KRX:003070) secured a street housing redevelopment project in Majang-dong district 3 in Seoul, according to a Wednesday filing with the Korea Exchange.The project is valued at 103.4 billion won.Shares of Kolon added nearly 1% at market close.

^KOSDAQKOSPIKRX:000660KRX:001440KRX:002020KRX:003070KRX:005930KRX:015760
Asia

DI Corporation Wins KRW22.3 Billion Supply Deal With Samsung Unit

South Korean technology firm DI Corporation (KRX:003160) secured a 22.3 billion won contract to supply semiconductor inspection equipment to Samsung (China) Semiconductor, a unit of Samsung Electronics (KRX:005930), according to a Wednesday Korean Exchange filing.The contract will remain in effect through Dec. 31, 2026.Shares of DI Corporation rose nearly 2% in recent trade, while Samsung Electronics shares fell nearly 1%.

KRX:003160KRX:005930
Asia

Market Chatter: Samsung Electronics, SK Hynix Chip Plant Expansions Face Suspended Concrete Deliveries

Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) could face delays to their chip expansion projects after the National Ready-Mixed Concrete Transport Workers' Union suspended concrete deliveries across the Seoul metropolitan area, Reuters reported Friday.The union, representing around 8,000 members, began the strike on Monday in its demand for higher transport rates, among other claims, the report said.Blocked deliveries from two ​concrete plants in Pyeongtaek on Thursday halted concrete pouring at Samsung Electronics' chip plant construction site, while cancelled deliveries stopped construction work at SK Hynix's Yongin ​chip plant, it said.SK Hynix said the immediate impact is expected to be contained after adjusting construction schedules. Samsung Electronics declined to comment, while the union did not respond to media inquiries at the time of reporting, Reuters said.Shares of Samsung Electronics jumped nearly 8% at market close, while those of SK Hynix added over 2%.(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.)

KRX:000660KRX:005930
Asia

South Korean Stocks Close Higher as Investors Anticipate Possible End to US-Iran War

South Korean shares closed higher on Friday after U.S. President Donald Trump said an agreement to end the war with Iran was possible, backing off from planned strikes.Trump had previously threatened a strong response against the Middle Eastern country, but later said that negotiations had made substantial progress. However, Iranian Foreign Ministry spokesman Esmail Baghaei dismissed reports of an agreement as "speculative" and clarified that nothing had yet been finalized.The benchmark Korea Composite Stock Price Index, or Kospi, rose 4.6%, or 359.67 points, to close at 8,123.62. The Kosdaq also increased by 3.2%, or 32.12 points, to end the day at 1,029.05.In corporate news, Samsung Electronics (KRX:005930) is currently in discussions with Alphabet's Google to manufacture a part of its ​next-generation artificial intelligence (AI) processor, Reuters reported Thursday, citing people familiar with the matter.Google plans to have Taiwan Semiconductor Manufacturing Company (TPE:2330) manufacture the primary compute chip for its next-generation tensor processing unit, called Icefish, while Samsung Electronics may manufacture a memory interface component using its 2-nanometer process technology.Icefish is being developed in collaboration with MediaTek at present, with mass production possibly commencing in 2028.Shares of Samsung Electronics jumped nearly 8% at market close, while those of TSMC added nearly 3%.

^KOSDAQKOSPIKRX:005930TPE:2330
Asia

Market Chatter: Samsung, SK Hynix Chip Plant Work Faces Delays as Concrete Transport Workers Strike

Construction of Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) chip plants could be derailed by the ongoing concrete transport workers' strike, Reuters reported Friday, citing local outlets.The National Ready-Mixed Concrete Transport Workers' Union, which has 8,000 members, started the industrial action on June 9 in Seoul, demanding higher transport rates and other changes, the report said.Both SK Hynix and Samsung Electronics have seen union members block deliveries from concrete plants, the report said.(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.)

KRX:000660KRX:005930
Asia

Market Chatter: Samsung Electronics in Talks to Manufacture Google's Next-Gen AI Chips; Samsung Shares Jump 12%

Samsung Electronics (KRX:005930) is currently in discussions with Alphabet's Google to manufacture a part of its ​next-generation artificial intelligence (AI) processor, Reuters reported Thursday, citing people familiar with the matter.Google plans to have Taiwan Semiconductor Manufacturing Company (TPE:2330) manufacture the primary compute chip for its next-generation tensor processing unit, called Icefish, while Samsung Electronics may manufacture a memory interface component using its 2-nanometer process technology, the report said.Icefish is being developed in collaboration with MediaTek at present, with mass production possibly commencing in 2028, it said.Google and Samsung did not immediately reply to requests for comment from.Shares of Samsung Electronics jumped nearly 12% in recent trade, while those of TSMC added over 2%.(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.)

KRX:005930TPE:2330
Asia

Samsung Invests $175 Million in US Genetics Firm, Becomes Top Shareholder

Samsung Electronics (KRX:005930) became the largest shareholder of U.S.-based genetics firm Element Biosciences with an additional equity investment of $175 million, according to a Wednesday release.The investment was made via Element's Series E funding round. Samsung has previously participated in Element's Series D funding round in July 2024.Element Biosciences plans to ramp up the commercialization of its next-generation gene sequencing and multi-omics technologies, while expanding its product portfolio for global clinical trials and diagnostics, the release said.Shares of Samsung Electronics fell more than 1% at market close.

KRX:005930

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