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SK Hynix Chairman Ordered to Pay Ex-Wife $644 Million in Divorce Settlement

SK Hynix Chairman Ordered to Pay Ex-Wife $644 Million in Divorce Settlement

SK Hynix Chairman Ordered to Pay Ex-Wife $644 Million in Divorce Settlement
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President Lee Embarks on U.S. and Latin America Tour to Boost AI and Semiconductor Collaboration

President Lee Embarks on U.S. and Latin America Tour to Boost AI and Semiconductor Collaboration

President Lee Jae Myung of South Korea is set to begin an 11-day tour of the U.S., Brazil, Chile, and Argentina, with a focus on enhancing global collaboration in artificial intelligence (AI) and semiconductors. The tour aims to diversify supply chains and form economic security partnerships with resource-rich Latin American countries. In the U.S., President Lee will meet with leaders of major AI companies and attend the San Francisco AI Summit. The tour will also include state visits to Brazil, Chile, and Argentina to strengthen economic ties and discuss trade agreements.
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GlobalData.TS Lombard Advises Caution on South Korea's Tech Market Amid AI Growth

GlobalData.TS Lombard Advises Caution on South Korea's Tech Market Amid AI Growth

GlobalData.TS Lombard Advises Caution on South Korea's Tech Market Amid AI Growth
Reuters Reuters
Samsung in talks to invest in Mistral at 20 billion euro valuation, FT reports

Samsung in talks to invest in Mistral at 20 billion euro valuation, FT reports

July 22 (Reuters) - South Korea's Samsung is in talks to invest hundreds of millions of euros in the AI start-up Mistral, as part of a fundraising round that could value the group at roughly €20 billion ($22.81 billion), Financial Times reported on Wednesday, citing sources.
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South Korea's Tech Rally Faces Challenges Amid AI Market Shifts

South Korea's Tech Rally Faces Challenges Amid AI Market Shifts

South Korea's Tech Rally Faces Challenges Amid AI Market Shifts
Reuters Reuters
Asian stocks rise after US tech earnings, oil at six-week highs

Asian stocks rise after US tech earnings, oil at six-week highs

By Ankur Banerjee SINGAPORE, July 23 (Reuters) - Asian stocks rose on Thursday after U.S. technology firms outlined significant capital spending plans that are likely to benefit chipmakers in the region, while the escalating war in the Middle East sent oil prices to six-week highs.
Reuters Reuters
China’s memory chip makers ride AI boom to new power — and U.S. scrutiny

China’s memory chip makers ride AI boom to new power — and U.S. scrutiny

SINGAPORE, July 24 (Reuters) - For months, Chinese chip manufacturer ChangXin Memory Technologies (CXMT) had been hiking prices on Huawei, one of the country’s biggest technology companies.
Reuters Reuters
South Korea's Lee to visit South America and Germany, attend AI summit in US

South Korea's Lee to visit South America and Germany, attend AI summit in US

By Heejin Kim and Kyu-seok Shim SEOUL, July 22 (Reuters) - South Korean President Lee Jae Myung will visit San Francisco, Brazil, Chile, Argentina and Germany from July 24 to August 3, the presidential office said on Wednesday.
AP News AP News
World shares mostly gain and South Korea and Japan recover some losses from AI stock sell-offs

World shares mostly gain and South Korea and Japan recover some losses from AI stock sell-offs

World shares have mostly gained and U.S. futures advanced, with markets in South Korea and Japan trading higher after recent declines due to heavy selling of stocks linked to artificial intelligence
AP News AP News
Asian shares mostly gain and South Korea and Japan recover some losses from AI stock sell-offs

Asian shares mostly gain and South Korea and Japan recover some losses from AI stock sell-offs

Asian shares have mostly gained, with markets in South Korea and Japan trading higher after recent declines due to heavy selling of stocks linked to artificial intelligence
TheStreet TheStreet
Veteran strategist sends strong warning on semiconductor stocks

Veteran strategist sends strong warning on semiconductor stocks

Semiconductor stocks made some of the easiest money on Wall Street this year. Now they're quickly giving back their gains. The iShares Semiconductor ETF (SOXX), which many investors use to bet on chips, has crossed into bear market territory after falling from its June high. And one closely ...
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Wall Street points toward gains as AI-focused companies recover some of last week's losses

Wall Street points toward gains as AI-focused companies recover some of last week's losses

Wall Street pointed toward gains before the opening bell with chip and memory companies leading the way, while oil prices rose again as the U.S. and Iran exchanged more attacks