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Seoul stocks close slightly lower amid mixed signals on Iran war
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South Korean stocks closed slightly lower Friday amid mixed US signals on its war with Iran and eased chip sector concerns. The benchmark KOSPI fell 0.4 percent to 5,438.87, while the won weakened against the dollar.
Toshiba announced it will begin negotiations with Mitsubishi Electric and Rohm to merge their power semiconductor businesses. The development signals potential consolidation among Japanese firms in the power chip sector.
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Seoul stocks opened lower on Thursday amid prospects for U.S.-Iran peace talks. The KOSPI fell 80.19 points, or 1.42 percent, to 5,562.02.
A team led by Wu Zhenping at Beijing University of Posts and Telecommunications has confirmed in Science Advances that kappa-gallium oxide exhibits stable ferroelectricity at room temperature, enabling it to store data like a memory device while serving as a high-power transmitter. This breakthrough could allow for smaller, more powerful military electronics in Chinese fighters, potentially leaving US F-22 radars two generations behind.
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Analysts maintain a buy rating on TSMC amid a recent correction in Asian semiconductor stocks. The company faces capacity constraints and geopolitical risks but benefits from strong demand in AI chips. Competitive pressures from Samsung and Intel are noted, yet TSMC's technological edge persists.
Chonnam National University is enhancing its support systems to attract and retain international students as part of a broader globalization push. President Lee Keun-bae announced plans to establish a dedicated Office of International Affairs this year to streamline services for its growing international community. The efforts focus on aligning with regional industries like AI and semiconductors.
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Meta has announced a multi-year partnership with AMD to purchase up to six gigawatts of custom AI chips, potentially gaining a 10% stake in the chipmaker through performance-based shares. The deal, valued in double-digit billions per gigawatt, aims to support Meta's expanding AI infrastructure across its platforms. This arrangement mirrors a similar agreement AMD made with OpenAI last year.
SK hynix begins steps for US stock market listing
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