France 24 AI·
Samsung union members on Wednesday signed a deal securing massive annual bonuses – averting a major strike in South Korea where Samsung Electronics alone accounts for around 12.5 percent of gross domestic product. Global demand for the memory chips that power AI data centres has turbocharged Samsung's earnings in recent months.
Read full articleThe surge in AI-driven demand for memory chips positions SK Hynix as a pivotal player, influencing South Korea's market dynamics significantly. The post SK Hynix stock rally attracts retail investors amid AI spending surge appeared first on Crypto Briefing.
Three major producers — Micron, Samsung and SK Hynix — are now trillion-dollar companies. Politicians and Wall Street have taken notice.
Agreement averts strike and shows latest impact of AI boom as two more chipmakers join $1tn club Business live – latest updates Employees at Samsung Electronics’s memory chip division are to receive bonuses averaging about £310,000 each through a landmark profit-sharing agreement, as the AI boom drives up chipmakers’ profits. Fears of a strike at Samsung were averted on Wednesday after two unions for the world’s largest memory chipmaker said that 74% of the 62,616 workers who cast their votes had backed the deal. Continue reading...
The incident heightens geopolitical tensions, potentially impacting global oil markets and shipping security in the strategic Hormuz region. The post South Korea probe finds Iranian-made missiles likely hit ship in Strait of Hormuz appeared first on Crypto Briefing.
The targeted killings may destabilize ceasefire efforts, complicate mediation, and potentially strengthen Hamas's resolve and recruitment. The post Israel kills Hamas military chief Mohammed Odeh in Gaza strike appeared first on Crypto Briefing.
South Korean prosecutors charge 5 people in a CATFI memecoin rug pull case. About 256 investors lost roughly $650K after the CATFI token crashed. CATFI token surged 1,000x before liquidity was drained and the price collapsed. South Korean prosecutors have arrested and charged a group of individuals linked to the Solana-based CATFI memecoin over an […] The post South Korea makes first DEX rug-pull arrests in Solana CATFI case appeared first on CoinJournal.
The incident heightens geopolitical tensions, potentially impacting global oil markets and shipping security in the strategic Hormuz region. The post South Korea probe finds Iranian-made missiles likely hit ship in Hormuz appeared first on Crypto Briefing.
The targeted killings may destabilize ceasefire efforts, complicate mediation, and potentially strengthen Hamas's resolve and recruitment. The post Israel kills Hamas military chief Mohammed Odeh in Gaza strike appeared first on Crypto Briefing.
