Tag: south korea’s
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Nvidia to acquire $1 billion of new shares of South Korea’s Naver
SEOUL, July 27 : South Korea’s Naver said in a regulatory filing on Monday that Nvidia will acquire $1 billion of its shares to be newly issued as part of an investment partnership to build a new data center.
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South Korea’s SK Hynix, Samsung Elec sign $950 billion partnership with US big tech
SEOUL, July 25 : South Korea’s Samsung Electronics and SK Hynix will pursue memory chip supply partnership with U.S. big tech companies including Nvidia worth $950 billion overall, South Korea’s presidential adviser said on Saturday.It includes the long-term supply of $750 billion in memory chips to U.S. comp
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South Korea’s Q2 GDP beats estimates on chip export boom
SEOUL, July 23 : South Korea’s economy grew faster than expectations in the second quarter, driven by a semiconductor export boom that offset a decline in construction investment, advance estimates from the Bank of Korea showed on Thursday. Gross domestic product expanded 0.6 per cent in the April-June period
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South Korea’s Kim leads Open as Burns falters
SOUTHPORT, England, July 19 : South Korea’s Kim Si-woo took the lead in the final round of the British Open at Royal Birkdale on Sunday as overnight leader Sam Burns faltered on the outward nine.With huge crowds hoping to roar on home favourite Tommy Fleetwood as he chased his first major, it was Kim who…
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SK Hynix set to benefit as South Korea’s ruling party seeks to ease capital-raising rules
SEOUL, July 14 : South Korea’s ruling party is seeking to make it easier for chipmaker SK Hynix to set up ventures to build factories with outside investors — a move that follows a government push to position the country as an AI powerhouse.Members of President Lee Jae Myung’s Democratic Party of Korea have
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South Korea’s SK Hynix to launch $28 billion US listing to ride global AI wave
July 6 : South Korean chipmaker SK Hynix will on Monday launch its about $28 billion U.S. listing, according to its regulatory filings, in one of the world’s largest new share sales as it capitalizes on the global AI boom.The company will sell 17.79 million new shares in the depository receipt listing on the
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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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South Korea’s inflation rate quickens to 2-1/2-year high
SEOUL, July 2 : South Korea’s consumer inflation accelerated to a two-and-a-half-year high in June, cementing expectations for an interest rate hike by the central bank as early as its upcoming policy meeting on July 16.The consumer price index (CPI) rose 3.2 per cent from a year earlier, marking the biggest
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South Korea’s SK Hynix says to raise $29 billion in US ADR listing
SEOUL, June 24 : South Korea’s SK Hynix said on Wednesday it plans to raise 45.45 trillion won ($29.43 billion) via the listing of American Depository receipts (ADR) in the U.S., as it seeks to expand its investor base and production capacity for chips used in artificial intelligence.($1 = 1,544.1400 won)
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