Tag: Business
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SK Hynix to spend $64 billion on flash memory chip plants under broader AI investment plan
SEOUL, July 2 : SK Hynix said it would invest 100 trillion won ($64.38 billion) to build new chip plants, including one for NAND flash memory, as part of a massive South Korean investment drive aimed at spreading returns from the AI boom beyond Seoul. The projects in the central city of Cheongju outlined on…
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EU top court dismisses Google fight against record €4.1 billion EU antitrust fine
BRUSSELS, July 2 : Europe’s top court on Thursday dismissed Alphabet unit Google’s fight against a record fine imposed by EU antitrust regulators eight years ago for using its Android mobile operating system to block rivals.The European Commission had originally handed out a €4.34 billion fine but this was
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Google loses fight over record $4.7 billion EU antitrust fine
In 2018, the European Commission slapped Google with the record-breaking penalty on the grounds that it abused Android’s mobile dominance.
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Apple plans five new iPhones through 2027, eyes Chinese-made chips amid foldable push, reports say
Apple is planning five new iPhones by 2027 and is considering Chinese memory suppliers as it expands foldable production, reports say.
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Dollar steady ahead of US payrolls, yen intervention jitters persist
TOKYO, July 2 : The dollar held tight ranges on Thursday as markets awaited key U.S. jobs data for clues on the rates outlook, while the yen’s slide to 40-year lows against the greenback and thin trade ahead of a U.S. holiday kept traders on high alert for intervention.The dollar index, which measures the gre
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Samsung Group details plans to invest $90 billion in South Korea’s central region
SEOUL, July 2 : Samsung Group detailed plans on Thursday to invest 140 trillion won ($90 billion) for production of display panels, batteries, chips and chip materials in the central province of Chungcheong.• Samsung Display to spend 67 trillion won in Asan and Cheonan, while Samsung Electronics to invest 5
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South Korea’s currency chief says in talks with Japan, allies
SEOUL, July 2 : South Korea’s vice finance chief on Thursday said Seoul is closely communicating with Japan and other key allies on foreign exchange issues, and warned that the won has become significantly misaligned relative to economic fundamentals.”We are always working closely with Japan and other relevan
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Danantara Indonesia says financial report is still being processed
JAKARTA, July 2 : Sovereign wealth fund Danantara Indonesia said on Thursday that the companies under its control have all completed their financial statements for 2025, but the fund is still in the process of finishing its consolidated financial report for the year.Danantara executives previously said its fu
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SK Hynix to spend $64 billion on chip plants under broader AI-driven investment plan
SEOUL, July 2 : SK Hynix said on Thursday it planned to invest 100 trillion won ($64.38 billion) to build new NAND memory chip and packaging factories as part of a massive investment programme aimed at addressing a shortage driven by the AI boom.The projects in the country’s central city of Cheongju outlined
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SoftBank’s LY, Bain raise Kakaku bid again with $4.1 billion valuation
TOKYO, July 2 : SoftBank’s LY Corp and Bain Capital have again raised their bid for Kakaku.com, valuing the Japanese price-comparison website operator at 670 billion yen ($4.12 billion) and widening the gap over a rival offer from Sweden’s EQT.In the legally binding offer unveiled late on Wednesday, LY and B
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