U.S., in Chip War With China, Extends Some Allowances for Asian Allies
Chip makers Samsung, SK Hynix and TSMC can maintain their operations in China for the foreseeable future, but significant tech...
video equipment
Roku Cutting 10% of Staff to Rein In Rising Expenses
The streaming platform also projected fiscal third-quarter results ahead of its prior guidance. Source link
Samsung Forecasts Worst Profit in Over a Decade as Tech Slump Hits Memory Chips
TechSouth Korean firm said it would cut memory-chip production, joining rivals in addressing supply glut Source link
Samsung Expects Big Drop in Profit on Slumping Tech Demand
High inflation and weak economies hit sales of memory chips and smartphones. Source link
Chip Maker SK Hynix Slashes Capital Spending
SEOUL—SK Hynix Inc., one of the world’s biggest chip makers by revenue, halved its planned investments for next year due...
South Korean Internet Giant Offers Glimpse of a 5G Private Network Future
SEONGNAM, SOUTH KOREA—At the new headquarters of South Korea’s largest internet company, a fleet of self-driving robots whirl around delivering...
Memory Chip Makers Struggle With Declines in Demand, Price
The pandemic boom in memory chips is on pause. A decline in prices in recent months has led the biggest...
Samsung Expects Earnings to Slump as Consumer Spending Slips
SEOUL— Samsung Electronics Co. is expected to see its third-quarter profit slump as the company’s mainstay memory-chip and smartphone businesses...
Samsung Leader Jay Y. Lee Receives Presidential Pardon for Bribery Conviction
SEOUL— Samsung’s de facto leader, Lee Jae-yong, will receive a pardon on Monday, South Korea’s presidential office said, a legal...
Samsung Floats Nearly $200 Billion Spend on New Texas Chip Plants in Next Decades
SEOUL— Samsung Electronics Co. has floated the prospect of investing nearly $200 billion for 11 new chip-making plants in Texas...
Samsung Unveils New Galaxy S22 Smartphones and Keeps Old Prices
SEOUL—The world’s largest smartphone maker is answering a year of rising inflation and increasing component costs with a tactical move:...
Netflix Plunge Deepens Nasdaq’s Correction
Plunging shares of Netflix Inc. NFLX -21.79% and other streamers dragged the Nasdaq Composite Index deeper into correction territory Friday,...
Intel to Invest at Least $20 Billion in Ohio Chip-Making Facility
Intel Corp. INTC -2.95% plans to invest at least $20 billion in new chip-making capacity in Ohio, according to a...
Roku Shares Rise on Deal That Restores YouTube TV App
Roku shares more than doubled in 2020 as the Covid-19 pandemic kept people home and led to increased use of...
Samsung Picks Texas for $17 Billion Chip-Making Factory
AUSTIN, Texas— Samsung Electronics Co. said Tuesday that it plans to invest roughly $17 billion in a semiconductor-making facility in...
Samsung to Choose Taylor, Texas, for $17 Billion Chip-Making Factory
Samsung Electronics Co. plans to build a roughly $17 billion chip-making plant in Taylor, Texas, according to people familiar with...
Roku Shares Fall 8% After Hours on Slower Account Growth
Roku Inc. reported a slowdown in new active accounts for its streaming services in the latest quarter and guided for...
Samsung Posts Record Quarterly Revenue From Chip Boom
SEOUL— Samsung Electronics Co. reported record quarterly revenue and saw net profit grow by 31% on the back of booming...
Jay Y. Lee, Samsung’s De Facto Leader, Wins Parole From Prison
SEOUL— Samsung ’s de facto leader, Lee Jae-yong, will be released from prison on parole later this week, though it...
Roku Pays to Be a Player
Investors got a painful reminder Wednesday that Roku is still in the hardware business. It has been easy to forget....
