Seoul, July 7 (IANS) South Korea-based Samsung Electronics Co. on Tuesday estimated its second-quarter operating profit at nearly 90 trillion won (US$58.8 billion), marking another quarterly record as strong demand for artificial intelligence (AI)-related semiconductors boosted earnings.The South Korean technology giant said operating profit for the April-June period is expected to total 89.4 trillion won, up 1,181 percent from a year earlier, according to its earnings guidance, reports Yonhap N…
Latest Semiconductor News & Updates
New Delhi, July 6 (IANS) India has emerged as a contrarian investment opportunity within the emerging market universe as the ongoing rally in the asset class become increasingly concentrated around semiconductor companies, according to a report.The report by DSP Netra said that the MSCI Emerging Markets (EM) Index has recovered to levels last seen in 2021, but the rally has been driven by a narrow set of markets and stocks.Among the four markets with index weights exceeding 5 per cent. India is …
Sanand (Gujarat), July 4 (IANS) In a powerful symbol of India’s rising technological prowess, Prime Minister Narendra Modi on Saturday inaugurated the CG Semi OSAT facility, declaring that Gujarat’s Sanand is fast emerging as India’s answer to Silicon Valley.Just two years after the foundation stone was laid in 2024, the plant has moved with remarkable speed, commencing chip testing by August 2025 and now beginning full commercial production.“This is what happens when India resolves to do …
Ahmedabad, July 3 (IANS) India’s semiconductor manufacturing push is set to take another step forward with the launch of commercial chip production at CG Semi’s Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat, on July 4.The project, approved by the Union Cabinet in February 2024 under the India Semiconductor Mission, has been developed by CG Semi Pvt. Ltd., a subsidiary of CG Power and Industrial Solutions Limited, with an investment of Rs 7,500 crore.The facility h…
Washington, July 3 (IANS) US President Donald Trump said the United States must remain ahead of China in the race to dominate artificial intelligence, describing AI as a technology with greater long-term significance than the internet.Speaking in an interview with CNBC, Trump said maintaining American leadership in AI was a strategic priority and warned against allowing China to overtake the United States.”AI is bigger than the internet,” Trump said.”I’ve never seen anything. The internet was a …
Seoul, June 29 (IANS) South Korea on Monday unveiled an ambitious plan to build a new semiconductor manufacturing hub in the country’s southwestern region through 800 trillion won ($518 billion) in corporate investment.The proposed investment underscores Seoul’s determination to maintain its dominance in memory chips, which have become increasingly critical amid a global artificial intelligence (AI) boom, while advancing the government’s goal of more balanced regional development, reports Yonhap…
Seoul, June 29 (IANS) South Korea plans to develop a new semiconductor production base in the country’s southwestern region through 800 trillion won ($517.9 billion) in corporate investments that will create four memory chip fabrication plants, Industry Minister Kim Jung-kwan said on Monday.Kim unveiled the investment plan to transform the Gwangju and Jeolla regions into the nation’s second major semiconductor cluster, alongside the existing hub in the Seoul metropolitan area, during a national …
New Delhi, June 27 (IANS) India is expected to remain among the world’s fastest‑growing major economies despite geopolitical tensions, uncertainty around artificial intelligence (AI) spending and sustained foreign investor outflows, Seth R. Freeman, Senior Managing Director at GlassRatner Advisory & Capital Group, has said.Among Indian market sectors, Freeman remains constructive on healthcare and automobiles, as being well positioned for long-term growth, the report from NDTV Profit sai…
Seoul, June 27 (IANS) Vice Foreign Minister Kim Jina attended the Pax Silica Summit in Washington this week where partner nations discussed cooperation in artificial intelligence and semiconductor supply chains, the foreign ministry said on Saturday.The Pax Silica Summit is a US-led strategic initiative and coalition of more than 20 partner nations dedicated to securing the global technology supply chain, reports Yonhap news agency.On the first day of the second summit, held from Thursday to Fri…
Seoul, June 24 (IANS) The presidential policy chief said on Wednesday that the advent of a new artificial intelligence (AI) era requires new state infrastructure, calling for aggressive investment to bolster the country’s potential growth trajectory in AI.Kim Yong-beom, presidential chief of staff for policy, made the point at a discussion hosted by the Kwanhun Club, a senior journalists’ association, amid a stock market boom in South Korea driven by record profits and stock gains by AI-related …