Yoolim Lee

(Bloomberg) -- Samsung Electronics Co.'s semiconductor arm reported a more than 250-fold jump in profit after AI's reliance on memory delivered hefty margins.

Samsung's chip operations reported an operating income of 89.2trn won in the June quarter.

In a remarkable week, the titans of the near-$1 trillion global memory industry smashed profit records. But they were unable to reverse a market rout that’s erased much of their stocks’ gains this year.

South Korean AI chip designer DeepX Co. has secured fresh funding at roughly four times its previous valuation, in a sign of sustained enthusiasm for companies involved in the artificial intelligence boom.

(Bloomberg) -- South Korean AI chip designer DeepX Co. has secured fresh funding at roughly four times its previous valuation, in a sign of sustained enthusiasm for companies involved in the artificial intelligence boom.

Samsung Electronics Co. offered a glimpse of its most advanced memory hardware, touting improved performance and power efficiency in a bid to overtake rivals SK Hynix Inc. and Micron Technology Inc. in the race for long-term dominance.

Coupang Inc. reported a larger-than-expected loss, underscoring the damage from a massive personal data leak that resulted in heavy administrative fines in South Korea, its primary market.

Samsung Electronics Co offered a glimpse of its most advanced memory hardware, touting improved performance and power efficiency in a bid to overtake

Factory workers with $400,000-plus bonuses are supplanting doctors and lawyers as the new elite, while investors play a casino-like stock market.

SK Hynix Inc. plans a 54 trillion won ($38 billion) expansion of its chipmaking facilities in South Korea, the company said in a statement Friday.