Seoul, April 14 (IANS) South Korea’s exports of information and communication technology (ICT) products more than doubled in March from a year earlier, driven by strong semiconductor demand amid the global artificial intelligence (AI) boom, government data showed on Tuesday.Outbound ICT shipments reached US$43.51 billion last month, up from $20.52 billion a year earlier, according to the data from the Ministry of Science and ICT, reports Yonhap news agency.This marks the first time that monthly …
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Seoul, April 8 (IANS) South Korea recorded its largest-ever monthly current account surplus in February, driven by a semiconductor upcycle and strong exports, central bank data showed on Wednesday.The current account surplus totalled $23.19 billion in February, up sharply from $13.26 billion in January, according to the data from the Bank of Korea (BOK), reports Yonhap news agency.It marked the highest monthly surplus ever, surpassing the previous record of $18.7 billion set in December 2025.Sou…
Washington, April 3 (IANS) Aimed at blocking China and other adversaries from accessing critical chipmaking tools, US lawmakers unveiled bipartisan legislation aimed at tightening export controls on advanced semiconductor manufacturing equipment.The proposed Multilateral Alignment of Technology Controls on Hardware (MATCH) Act focuses on closing loopholes in existing controls and aligning policies with allies to safeguard US technological leadership and national security.Representative John W. M…
Sanand (Gujarat), March 31 (IANS) Union Electronics and Information Technology Minister Ashwini Vaishnaw on Tuesday said four semiconductor plants are expected to be ready in India by 2026, as he outlined an accelerated roadmap for the sector following the inauguration of a new facility in Gujarat.In comments after Prime Minister Narendra Modi inaugurated the Kaynes Semicon’s OSAT plant in Sanand, Vaishnaw said: “In 2026, four plants will be ready, and two plants in 2027. India’s first fabrica…
New Delhi, March 31 (IANS) Prime Minister Narendra Modi will visit Gujarat on Tuesday to inaugurate the Samrat Samprati Museum at Koba Tirth in Gandhinagar, and launch several significant development projects across the state, covering cultural, technological, and infrastructural milestones.Speaking ahead of his visit, the Prime Minister said in a post on social media: “The Samrat Samprati Museum is a testament to the rich legacy of Jainism and India’s civilisational traditions. It will p…
Sanand (Gujarat), March 29 (IANS) Sanand’s rapid transformation from an automobile manufacturing centre into a key node in India’s semiconductor ambitions is set to advance further with Prime Minister Narendra Modi scheduled to inaugurate an outsourced semiconductor assembly and test (OSAT) facility by Kaynes Semicon on March 31.The facility, being established at a cost of Rs 3,300 crore, was approved by the Union Cabinet on September 23, 2024, under the National Semiconductor Mission.Locate…
New Delhi, March 25 (IANS) The bilateral trade between India and Taiwan recorded a robust 17 per cent increase in 2025, compared with the previous year, to touch the $12.5 billion mark, according figures compiled by the Taipei Economic and Cultural Center (TECC) here.India’s exports to Taiwan amounted to $3.3 billion, consisting of mineral fuels, aluminium, iron, steel, organic chemicals and plastics while Taiwan’s exports to India amounted to $9.2 billion, comprising mainly electronic integ…
Washington, March 25 (IANS) As the Trump Administration expands its strategic competition with China across artificial intelligence, semiconductors, and biotechnology, top American lawmakers warned that the contest is not just technological but a “moral fight” that will shape global power and economic security.At the Hill & Valley Forum in Washington, senior lawmakers outlined a multi-front strategy to counter China’s rise in critical technologies, combining export controls, domestic i…
Seoul, March 24 (IANS) Seoul stocks trimmed earlier gains late on Tuesday morning, despite easing military tensions between the United States and Iran.The benchmark Korea Composite Stock Price Index (KOSPI) inched up 45.02 points, or 0.83 percent, to 5,450.77, as of 11:20 a.m.The index reduced its gains following a sharp rebound of over 4 percent in the opening bell, as the broader market came under selling pressure from foreign investors, reports Yonhap news agency.Overnight, major U.S. stock i…
Seoul, March 10 (IANS) The South Korean economy expanded 1 per cent in 2025 amid strong exports but posted negative growth in the fourth quarter, central bank data showed on Tuesday.The country’s real gross domestic product (GDP) — a key measure of economic growth — contracted 0.2 per cent from the previous quarter in the October-December period, compared with its earlier estimate of a 0.3 per cent contraction, according to the preliminary data from the Bank of Korea (BOK).It marked the countr…