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...He added that continued pay cuts were in line with the general tone at China’s Central Financial Work Conference in October chaired by Xi. “You have to listen to the calling from the party,” he said....
...The South Korean semiconductor companies typically bundle used equipment into packages before selling them to dealers who put them up for sale at auctions....
...“If they are successful, that will send a strong signal both to Korean companies and to foreign investors that it is possible for them to co-operate.” Additional reporting by Andy Lin in Hong Kong...
...Samsung and LG declined to comment on their co-operation....
...US commerce secretary Gina Raimondo announced on Monday that the South Korean chipmaker was set to produce chips at the 2 nanometre level of miniaturisation at a new fabrication plant, or fab, it was building...
...“This will lead to lowering the confidence of foreign investors in the Korean legal system and the soundness of the Korean capital market.”...
...This was achieved principally through officially sanctioned “technical co-operation” with US and Japanese companies long since replaced as market leaders by their former partners....
World’s biggest maker of memory chips beats expectations with strong first-quarter guidance
...But South Korean officials are anxious about Korean engineers’ contributions and illegal transfer of defence technologies to Taiwan’s indigenous submarine programme....
...The South Korean chipmaker expects a 35 per cent drop in operating profit in the fourth quarter, according to guidance provided on Tuesday....
...But while Washington’s money offers some incentive, TSMC’s most important motive for stepping up its commitment to the US was to bring its own US strategy in line with the needs of Nvidia and other vendors...
...Korean exporters are also assisted by the government, including its willingness to step in and place orders so as to keep production lines “hot” in the absence of orders from abroad....
iPhone maker ends 12 years of dominance from South Korean tech company
...South Korean battery makers including SK On have since paused or scaled back their North American investments....
...Industry body International Air Transport Association said it expected China’s overall passenger traffic to recover to 2019 levels this year....
...“We believe Soho House & Co is a zero,” the short seller wrote in a report released this week where it disclosed a bet against the business....
...Delta Air Lines last week raised the price of checking in a first bag from $30 to $35....
...“The South Korean left has long promoted a policy of engagement and co-operation with North Korea with a view to achieving some form of reunification in the future,” she said....
...She prefers traditional art, plein air landscapes.”...
...The South Korean company’s shares traded 0.6 per cent lower in Seoul on Tuesday following the announcement. Detailed fourth-quarter and full-year results will come at the end of the month....
...Boeing burnt through almost $4bn of cash in the first quarter after it slowed down production lines and paid $443mn in compensation to aircraft customers in the aftermath of a mid-air accident on one of...
...The editorial team can be reached at techasia@nex.nikkei.co.jp....
...In July, the Korean group released its 5G Galaxy Z series....
...The South Korean tech group launched the 2024 versions of its flagship Galaxy smartphone series at a Silicon Valley event on Wednesday....
...Its shares are down 99 per cent from the 2021 peak, in line with declines in shares of parent China Evergrande and subsidiary Evergrande Property Services Group....
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