South Korea to invest $7 billion in AI in bid to maintain leadership in chips

South Korean President Yoon Suk Yeol announced on Tuesday that South Korea will be investing 9.4…

Samsung to get $6-7 billion in chip subsidy next week for Texas expansion, sources say

The Biden administration is reportedly set to announce an award of between $6 and $7 billion…

Stanbic IBTC unveils Enterprise Online App for business owners

Stanbic IBTC Bank, which is a member of Stanbic IBTC Holdings, unveiled an upgraded version of…

AI centre in Indonesia to get $200 mln investment from Nvidia, Indosat, government says

Nvidia, a technology company, and PT Indosat Ooredoo Hutchison, a telecommunication firm from Indonesia, plan to…

Samsung profit likely biggest in six quarters on higher chip prices

Samsung Electronics is expected to report a significant increase in its first-quarter profits compared to last…

Intel discloses $7 billion operating loss for chip-making unit

On Tuesday, Intel announced that its foundry business had deeper operating losses, which is a setback…

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