Apple's first foldable iPhone expected to heat up competition with Samsung
Apple is expected to unveil its first foldable iPhone next month, intensifying competition with rival Samsung Electronics in the growing foldable phone market. Apple on Wednesday announced it will hold an event on Sept. 9 at its headquarters in Cupertino, California, which will also be streamed online. Although Apple did not disclose which products will be unveiled, market watchers expect the handset maker to introduce the iPhone 18 Pro and Pro Max, alo
Gartner estimate $1 trillion memory sales, aiding Korean chip stocks
SEOUL, Aug. 25 (AJP) — South Korea's two chip bellwethers clawed back steep early losses Tuesday after Gartner forecast a memory boom lasting well into next year, giving investors a fresh reason to look past shareholder-return packages that have done little to restore their shares to June peaks. Samsung Electronics ended Tuesday flat at 257,000 won after losing more than 4 percent earlier in the session. The stock had plunged 8.7 percent Monday after its record sharehol
SK hynix union rejects stock-heavy wage deal
SK hynix union members on Tuesday narrowly rejected a tentative wage agreement that would have shifted a larger share of profit-sharing bonuses into company stock, sending labor and management back to the bargaining table as the chipmaker tries to spread its AI windfall across employees and shareholders while its shares remain well below earlier highs. The proposed 2026 wage and collective bargaining agreement was defeated with 50.08 percent, or 7,535 member
Samsung forecast to reclaim No. 1 spot in global smartphone shipments
Samsung Electronics is expected to reclaim the top spot in the global smartphone market this year as its shipments rise while those of archrival Apple decline, according to a report released by Counterpoint Research on Monday. The research firm forecast that Samsung's smartphone shipments will rise 0.8 percent from a year earlier, while Apple's are expected to fall 2.1 percent, putting Samsung back in the No. 1 spot after Apple took the lead last yea
SK hynix to break ground on chip packaging facility in Indiana
SK hynix is set to break ground later this month on its $3.87 billion advanced semiconductor packaging plant in Indiana, the chipmaker’s first U.S. production base for packaging high-bandwidth memory used in artificial intelligence systems. The West Lafayette project will also include an advanced packaging R&D facility and is scheduled to begin mass production in the second half of 2028. According to industry sources on Thursday, the South Kor
Samsung steps up US hiring ahead of chip plant's launch in Texas
Samsung Electronics is ramping up efforts to secure local talent for its semiconductor fab in Taylor, Texas, as it prepares to begin initial operations later this year. According to industry sources on Sunday, the chip giant recently opened applications for its first summer internship program at the Taylor fab. It marks the first time the facility has been included in Samsung's annual overseas internship program, highlighting the company's efforts t
How AI sees SK hynix's downfall — and where it goes next
Ask two leading artificial-intelligence chatbots why SK hynix has lost more than half its value from its June peak, and they arrive at a remarkably similar conclusion: the company's business has not collapsed, but the price investors were willing to pay for its extraordinary AI-driven earnings has. AJP separately asked Anthropic's Claude and OpenAI's ChatGPT to examine SK hynix's rout in Seoul and New York, including trading flows followin
SK hynix clears nearly $40 bn fab budget despite glut worries
SK hynix is pressing ahead with a 54.3 trillion won ($38 billion) expansion of its memory production empire even as its shares have more than halved from their June highs amid oversupply and peak concerns, committing capital equivalent to about 45 percent of its shareholders' equity to new fabs in Yongin and Cheongju. The world's leading supplier of high-bandwidth memory said Friday that its board approved 35.2 trillion won for construction of its
Samsung and SK hynix CEOs face criminal complains over bonus
The chief executives of South Korea's two dominant memory chipmakers are facing criminal complaints after a shareholder activist group accused them of breaching their fiduciary duties by agreeing to AI-era performance bonus schemes that could pay chip-related workers hundreds of millions of won. The Gyeonggi Nambu Provincial Police Agency has assigned the complaints against Samsung Electronics co-CEOs Jun Young-hyun and Roh Tae-moon, and SK hynix Chief E
Samsung, SK hynix wage next battle for AI memory leadership at FMS
Samsung Electronics and SK hynix used the same stage at the Future of Memory and Storage (FMS) conference in Santa Clara this week to make two different arguments for who will shape artificial intelligence's next memory era, underscoring how South Korea's chip champions are now competing as much over future architecture as today's products. The rivalry matters well beyond the two companies. Together, Samsung Electronics and SK hynix dominate th