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South Korea and Taiwan Transition from Tech Rivals to AI 'Frenemies'

South Korea and Taiwan Transition from Tech Rivals to AI 'Frenemies'

South Korea and Taiwan Transition from Tech Rivals to AI 'Frenemies'
Reuters Reuters
Samsung hikes chipmaking prices by up to 15% on demand spike, sources say

Samsung hikes chipmaking prices by up to 15% on demand spike, sources say

Aug 19 (Reuters) - Samsung Electronics has raised prices for some advanced contract chipmaking services by up to 15% for new orders, two people familiar with the matter said, as demand for AI chips tightens capacity in a business long dominated by TSMC.
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Memory Chip Boom Sustained by AI Demand, Manufacturers Expand Capacity

Memory Chip Boom Sustained by AI Demand, Manufacturers Expand Capacity

Memory Chip Boom Sustained by AI Demand, Manufacturers Expand Capacity
Reuters Reuters
SK Hynix plans $28.6 billion buyback after share price declines

SK Hynix plans $28.6 billion buyback after share price declines

SEOUL, Aug 19 (Reuters) - SK Hynix will buy back and cancel 40 trillion won ($28.61 billion) of treasury shares and allocate more than 50% of free cash flow generated between 2025 and 2027 to boost shareholder returns, it said on Wednesday. 
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Nvidia Considers Reducing Memory in Rubin Ultra Accelerators Amidst HBM Supply Constraints, Raising Concerns for Micron

Nvidia Considers Reducing Memory in Rubin Ultra Accelerators Amidst HBM Supply Constraints, Raising Concerns for Micron

Nvidia Considers Reducing Memory in Rubin Ultra Accelerators Amidst HBM Supply Constraints, Raising Concerns for Micron
AP News AP News
Shares fall in Asia, with Kospi down 5.2%, while oil prices jump

Shares fall in Asia, with Kospi down 5.2%, while oil prices jump

Shares are sharply lower in Asia after Wall Street pulled further from its all-time high as artificial-intelligence stocks resumed their decline
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China's Domestic AI Accelerator Market Shifts Away from Nvidia and AMD, Towards Homegrown Solutions

China's Domestic AI Accelerator Market Shifts Away from Nvidia and AMD, Towards Homegrown Solutions

China's Domestic AI Accelerator Market Shifts Away from Nvidia and AMD, Towards Homegrown Solutions
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Nvidia Adjusts Rubin Ultra Memory Configurations Amid HBM Supply Constraints, Impacting Micron's HBM Outlook

Nvidia Adjusts Rubin Ultra Memory Configurations Amid HBM Supply Constraints, Impacting Micron's HBM Outlook

Nvidia Adjusts Rubin Ultra Memory Configurations Amid HBM Supply Constraints, Impacting Micron's HBM Outlook
Rapid Read Rapid Read
Young Americans Express Widespread Distrust in AI and Tech Leaders, Survey Reveals

Young Americans Express Widespread Distrust in AI and Tech Leaders, Survey Reveals

A recent survey conducted by CNBC and Generational Labs indicates a significant lack of trust among young Americans, aged 18-34, regarding artificial intelligence and the prominent executives leading the technology sector. The survey, which polled 1,088 young adults, found that a majority distrust key tech leaders concerning their responsibility for AI. Specifically, 69% of respondents distrust OpenAI CEO Sam Altman, 70% distrust SpaceXAI CEO Elon Musk, and 71% distrust Meta CEO Mark Zuckerberg and Nvidia CEO Jensen Huang. Alphabet CEO Sundar Pichai and Anthropic CEO Dario Amodei also faced high levels of distrust, at 74% and 76% respectively. The highest levels of distrust were directed at Palantir's Chairman Peter Thiel (79%) and CEO Alex Karp (81%), partly due to Palantir's involvement in providing AI intelligence systems to the U.S. Department of Defense. Even Microsoft CEO Satya Nadella, the most trusted among those surveyed, was distrusted by 65% of respondents.
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Elon Musk's Comments Boost Bullish Outlook for Memory and Storage Stocks in AI Era

Elon Musk's Comments Boost Bullish Outlook for Memory and Storage Stocks in AI Era

Elon Musk's Comments Boost Bullish Outlook for Memory and Storage Stocks in AI Era
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U.S. State Department Pressures Allies to Choose Sides in Global AI Race Against China

U.S. State Department Pressures Allies to Choose Sides in Global AI Race Against China

The U.S. State Department is reportedly preparing a letter to the 35 signatories of its AI Opportunity Statement, including key allies like Japan, Australia, and South Korea, informing them that they cannot align with both Washington's 'Pax Silica' coalition and Beijing's competing AI framework. According to Reuters, the draft letter warns that countries attempting to hedge their bets will be excluded from the U.S.-led group. The U.S. argument is that "to be part of everything is to be part of nothing," and this move is explicitly designed to limit China's access to essential chips, AI models, and critical minerals necessary for its AI development. This ultimatum comes as the global competition for AI dominance intensifies.
Reuters Reuters
SK Hynix to buy back, cancel $29 billion worth of treasury shares

SK Hynix to buy back, cancel $29 billion worth of treasury shares

SEOUL, Aug 19 (Reuters) - SK Hynix said on Wednesday it would buy back and cancel 40 trillion won ($28.61 billion) worth of treasury shares and allocate more than 50% of free cash flow generated between 2025 and 2027 to boost shareholder returns.