Stellantis N.V. and South Korean battery maker Samsung SDI said on Monday they plan to build a second electric vehicle battery plant in the United States. The companies said the location of the new plant is under review. Both companies signed a memorandum of understanding under its existing joint venture called StarPlus Energy, according to…

Amid escalating tension between South Korea and China, Samsung has drawn attention by pulling out of the Shanghai Mobile World Congress for the first time in six years and initiating its maiden patent lawsuit against Chinese company BOE. The moves come in the wake of repeated allegations of technology theft by China against Samsung’s technology. Samsung…

“Korean chip industry authority.” “Master of yield.” “Top expert in memory production engineering.” A South Korean tech industry veteran, once lauded with these titles for his innovation, hands-on approach, and round-the-clock dedication, is back in the news. This time, the government that honored him as a national tech hero is accusing him of industrial espionage…

SEOUL, South Korea — South Korean prosecutors have arrested and indicted a former executive of Samsung Electronics suspected of stealing trade secrets while attempting to establish a copycat computer chip plant in China. The Suwon District Prosecutors’ Office said Monday that the unnamed 65-year-old unlawfully obtained Samsung’s factory blueprints and clean-room designs from 2018 and…

Just after the G-7 summit in Hiroshima, Japan, the Chinese regime announced that it is banning products from U.S. memory chip maker Micron, citing national security risks. The move has put the U.S.-led coalition against Beijing to the test, experts say. Beijing’s move to ban Micron was intended to use the market vacated by Micron…

China recently banned Micron chip sales to critical information infrastructure operators over cybersecurity issues. It came after the world economic power players showed their support for alternative and secure supply chains, and Micron announced its investment in Japan. China’s ban will only enhance the risk of foreign investors in China, and possibly force economic decoupling…

Samsung said it would press ahead with central bank digital currency (CBDC) technology in South Korea. The South Korean tech giant is planning on launching a CBDC currency in collaboration with the Bank of Korea (BOK). CBDCs are central bank-issued and controlled digital currencies that can be exchanged using blockchain or distributed ledger technology. Central…

General Motors Co. and Samsung SDI announced plans on Tuesday to build a $3 billion joint-venture electrical vehicle (EV) battery plant in the United States. The news comes as South Korean president Yoon Suk Yeol is in Washington to meet President Joe Biden on what is the first state visit to the United States by…

News Analysis Following the U.S. chip ban on China last October, South Korea, a member of the U.S.-led Chip 4 Alliance, has not followed Washington’s strategy as explicitly as other alliance members, Japan and Taiwan, as it appears to have been trying to strike a balance between the United States and China. However, analysts believe…

Is the U.S. labor market starting to cool? The U.S. economy added 236,000 jobs in March—lower than February numbers. An economic analyst tells us that moderation is the theme of the day. The IRS releases details on how it plans to use $80 billion in new funding for improved operations. It is pledging more audits…