South Korean gov’t announces increase in chips industry support package amidst incoming US tariffs
Government also approved Samsung’s request to increase work week for chip employees above legal maximum
News - South Korea
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Meta in talks to acquire AI chip startup FuriosaAI – report
Deal could close as early as this month
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Samsung’s advanced chip packaging VP Lin Jun-Cheng leaves company
Ex-TSMC executive departs Samsung as contract comes to an end
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IQM to deploy Spark quantum computer at Chungbuk National University, South Korea
Machine will be installed in Q1 2025
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IQM to deploy quantum computer in Taiwan
And other quantum updates
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South Korea proposes own CHIPS Act to mitigate impact of potential Trump tariffs
Would offer subsidies and exempt semiconductor companies from working hours cap
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SK Telecom to develop gigawatt-scale AI data centers in South Korea
Will also launch GPU as a Service and Edge AI offerings
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South Korean chip engineer detained in China under expanded espionage laws
Updated law now includes penalties for those accused of leaking ‘work secrets’
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KT Corp outlines restructuring plan, jobs set to be lost at Korean telco
Restructuring plan set to create two new subsidiaries
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Samsung and KT Corp to build 5G private network for Korean Navy
Aim to complete deployment by December 2025
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SK Hynix union rejects proposed wage agreement, demands more in wake of surging profits
Union wanted an eight percent increase but was offered 5.7 percent
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LG AI Research uses Google Cloud infrastructure to train Exaone 3.0 genAI models
Reducing operating costs of training by 72 percent
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Lambda partners with SK Telecom for South Korean AI cloud services
Plans to offer GPUaaS from Gasan data center
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AI chip startups Sapeon Korea and Rebellions to merge
Well funded business plan to combine forces
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National Samsung Electronics Union plans additional four days of strike action in South Korea
Union now has more than 36,500 members
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South Korea gov't revokes Stage X mobile license
Stage X had been poised to become South Korea's fourth carrier
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Former Samsung engineer receives six year prison sentence for leaking tech giant’s secrets to China
Information stolen was valued at $24.5 million
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Samsung Electronics to resume union negotiations after strike action enters 15th day
Union held victory rally at Giheung Campus ahead of the talks
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National Samsung Electronics Union extends strike indefinitely
Decision made after management failed to engage in pay and benefits negotiations
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National Samsung Electronics Union announces three-day general strike
Negotiations over pay and benefits have once again broken down
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SK Hynix to invest $74.6bn in AI technologies
Company also looking to streamline its growing list of subsidiaries
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Samsung to cut 700 jobs from its network business, will reallocate roles to other divisions
Blames the 5G market for being saturated
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South Korea to revoke license of mobile carrier Stage X
Stage X had been set to launch mobile services next year
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South Korea’s Rebellions and Sapeon announce merger to create new AI chip entity
Wants South Korea to become market leader in AI chip space
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National Samsung Electronics Union stages first ever strike
Workers angry over below-average pay rises and being blamed for “obvious management failures”