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China’s tech giants, including ByteDance, Baidu, Alibaba Cloud and MiniMax, are actively recruiting fresh talent in AI and semiconductors in the US. This overseas hiring spree highlights their ambitions to build up skilled workforces in AI systems development and semiconductor design amid intensifying competition in their home market.

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Major global investment banks have upgraded their forecasts for South Korea's 2026 economic growth. Citing an upcycle in the global semiconductor industry, the average outlook now stands at 2.1%. This is more optimistic than the Bank of Korea's 1.8% projection and the government's 2% forecast.

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