Tag: South Korea
South Korea chip inventory climbs the fastest in 27 years
South Korea's semiconductor inventory jumped 28% in January, marking the fastest increase in 27 years. The spike reflects a prolonged tech downturn affecting the nation's export-driven economy, with chipmakers contributing 12% of total exports and facing declining global demand amid geopolitical tensions.
SK Hynix to invest US$11bil in new South Korea chip plant
SK Hynix will invest 15 trillion won ($10.9 billion) to build a new semiconductor manufacturing plant called M15X in Cheongju, South Korea. Construction begins in October 2023, with completion expected in early 2025, marking a significant expansion of the company's memory chip production capabilities.
Japan, US hold navy drills off Koreas amid nuke test worry
US and Japanese warships, including USS Abraham Lincoln carrier strike group, perform first joint naval exercise in five years. The drills aim to demonstrate military alliance and deter potential North Korean provocations amid growing regional tensions.
