Tag: Samsung Electronics Co

Chip Stocks Tumble on A.I. Spending Fears and Rising Chinese Competition

Media Library

Semiconductor stocks dropped on Tuesday as fears of runaway artificial intelligence spending converged with a growing threat from Chinese rivals to the biggest players in the memory chip industry. South Korea’s benchmark stock market, home to some highly leveraged bets on the semiconductor industry, tumbled, led by steep losses in Samsung Electronics and SK Hynix, the world’s two leading memory chip makers. The sell-off followed Chinese media reports that China’s CXMT had unveiled a breakthrough in chip design. Other technology stocks around the world suffered declines, with losses concentrated in…

U.S. Pours Money Into Chips, but Even Soaring Spending Has Limits

Chin@Strategy

In September, the chip giant Intel gathered officials at a patch of land near Columbus, Ohio, where it pledged to invest at least $20 billion in two new factories to make semiconductors. A month later, Micron Technology celebrated a new manufacturing site near Syracuse, N.Y., where the chip company expected to spend $20 billion by the end of the decade and eventually perhaps five times that. And in December, Taiwan Semiconductor Manufacturing Company hosted a shindig in Phoenix, where it plans to triple its investment to $40 billion and build…