SEOUL, July 31 (AJP) - Red-hot chip demand, which earned South Korea's two chipmakers 150 trillion won ($108 billion) in combined second-quarter operating profit — equivalent to about 6 percent of the country's entire 2025 nominal GDP — is beginning to warm the broader domestic front, with the AI boom spilling from exports into factories, construction sites and household spending. The latest government data suggest the country's semiconductor-driven expans
SEOUL, July 31 (AJP) - Young consumers are leading preorders for Samsung Electronics' newest foldable phones. The electronics giant said Friday that with three days left in the preorder period for its Galaxy Z Fold8 Ultra, Fold8, and Flip8 which started earlier this week, about half of all preorders were placed by customers in their teens and 30s. The most popular model among them was the Fold8, which Samsung attributed to its passport-like portability when folded and tablet
SEOUL, July 30 (AJP) - Every powerful earthquake beneath the East Sea sends more than tremors across South Korea. As the country races to build the world's next artificial intelligence manufacturing hub — from semiconductor fabs to hyperscale data centers — seismic resilience is becoming an industrial necessity rather than simply a matter of public safety. The urgency was underscored this week after a powerful earthquake struck southwestern Japan, temporarily disru
SEOUL, July 23 (AJP) - Samsung Electronics chairman Lee Jae-yong and Hyundai Motor Group chairman Chung Eui-sun have joined the advisory board of a global artificial intelligence (AI) forum led by Nvidia CEO Jensen Huang, U.S. digital media outlet Semafor reported on Wednesday. Along with more than 40 industry leaders including Amazon CEO Andy Jassy, Sony Group CEO Hiroki Totoki, and Citigroup CEO Jane Fraser, Lee and Chung were named to the advisory board for the inaugural
SEOUL, July 22 (AJP) - South Korea's semiconductor industry could become increasingly reliant on the U.S. as Washington pushes South Korean chipmakers to expand production and investment on American soil, Chinese state media warned on Tuesday. In an op-ed, the Global Times, an English-language sister newspaper of the state-run People's Daily, said U.S. industrial policies were directly affecting South Korea's semiconductor sector as a whole, citing Reuters' recent re
SEOUL, July 19 (AJP) - Samsung Electronics remained the only South Korean company among the world's top 10 technology brands, as intensifying competition driven by artificial intelligence (AI) continues to reshape the global technology industry. According to the latest report on major global technology companies released by British consulting firm Brand Finance, Samsung's brand value reached US$97.42 billion (about 145 trillion won), up 9 percent from $89.42 billion a year e
SEOUL, July 17 (AJP) - Chey Tae-won, chairman of the Korea Chamber of Commerce and Industry (KCCI), said that investors in SK hynix would be wiser to hold their shares than to trade them, arguing that memory chips remain indispensable to the artificial intelligence boom. "I don't know where the stock will be next month either, but the best way to preserve your wealth is to sit tight rather than buy and sell," Chey said Friday during an AI dialogue at the KCCI summer fo
SEOUL, July 13 (AJP) - The Bank of Korea has dismissed concerns that the global semiconductor cycle has already peaked, saying investment in artificial intelligence (AI) infrastructure is driving demand faster than manufacturers can expand supply. According to a report submitted to People Power Party (PPP) lawmaker Park Seong-hoon and released on Monday, the Bank of Korea (BOK) said the current semiconductor upcycle differs from previous ones because it is being driven by intense in
SEOUL, July 05 (AJP) - South Korea's top chipmakers, Samsung Electronics and SK hynix, are bracing for renewed pressure from Washington to expand their United States manufacturing footprint, days after the two chipmakers committed 800 trillion won, about $522.8 billion, to a sweeping expansion of South Korea's domestic semiconductor base. Industry sources said Sunday that both companies are weighing how to respond to what they expect will be a fresh push from the adminis
SEOUL, June 30 (AJP) - South Korea's sharp pullback in chip output in May is adding to signs that the global memory crunch is no longer confined to data centers, with chipflation from soaring memory prices beginning to strain consumer spending and factory floors. Factory output fell 3.0 percent from the previous month in May, matching its steepest monthly drop in a year, according to the Ministry of Data and Statistics on Tuesday. The index of all-industry production, exclu
