Semiconductors
Samsung electronics union to hold wage talks next week
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Samsung Electronics' labor union announced on Friday that it will resume wage negotiations with management next week. The decision follows the breakdown of initial talks over bonuses and acceptance of government mediation requests. Unionized workers had threatened an 18-day general strike starting May 21.
Microchip Technology Incorporated conducted its quarterly earnings conference call on May 7, 2026. Executives discussed financial results for the fourth quarter and fiscal year 2026.
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Analysts highlight early competitive pressures on TSMC as major clients explore alternatives.
Seoul stocks opened lower on Wednesday as a report on OpenAI's underperformance reignited artificial intelligence sector concerns alongside rising oil prices. The benchmark KOSPI fell 0.09 percent to 6,635.09 in the first 15 minutes of trading. Major Wall Street indexes also declined overnight.
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Shanghai-listed Yuanjie Semiconductor Technology reported a 1,153% year-on-year jump in net profit for the three months ended March 31, reaching 179 million yuan (US$26.2 million), fueled by demand for laser chips in AI data centres. Revenue grew 321% to 355 million yuan. The company’s share price has risen elevenfold over the past year.
Chinese scientists are developing advanced 2D semiconductor materials with 1,000-fold growth speed, promising applications in optoelectronics such as LEDs, photodetectors and lasers, to overcome Moore's Law limitations.
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The Asian Development Bank has raised its 2026 growth forecast for South Korea to 1.9 percent, driven by rising exports and improved private consumption. This represents a 0.2 percentage point increase from its December prediction. The outlook matches 1.9 percent projections from the IMF and Korea Development Institute, while the Bank of Korea expects 2 percent.
Apple in talks with Samsung and Intel amid chip shortages
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