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…
Samsung Fights Back Against Beijing’s Tech Theft, Sues Chinese Firm BOE Over Patent Infringement
July 11, 2023
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Asia & PacificBOE TechnologyBusiness & MarketsChina Business & EconomyChina NewsCompaniesFinance & Business TiesOLEDOLED displayPatent infringementSamsungSouth KoreaSpecial TopicsTech Competitiontechnology theftWorld
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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…
From Tech Hero to Alleged Spy: Former Samsung Exec Accused of Cloning Factory for China
June 22, 2023
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Asia & PacificChina Business & EconomyChina NewsChinese Regimechip industryindustrial sabotageInternational RelationsSamsungsemiconductortechnologyThreat from Communist ChinaUS-China relationsWorld
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“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…
Ex-Samsung Exec Charged With Stealing Trade Secrets to Create Copycat Chip Factory in China
June 12, 2023
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Asia & PacificBusiness & MarketsChina NewsCompaniesCopycat Chip FactoryEx-samsung ExecInternationalSamsungstealing trade secretsWorld
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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…
China’s Ban on US Chipmaker Micron a Ploy to Divide the US-South Korea Alliance: Experts
May 27, 2023
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Asia & PacificBusiness & MarketsChina Business & EconomyChina Newseconomic coercionexport controlsG-7 summitmemory chipMicron TechnologySamsungsemiconductorSK HynixSouth KoreaTechTech NewstechnologyUS-China relationsWorld
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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’s Pay Back to the US With Micron Ban Could Signal Decoupling From Both Sides: Expert
May 26, 2023
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Asia & PacificBusiness & MarketsChina Business & EconomyChina NewsCompaniesmicronSamsungSpecial TopicsTechTech CompetitionTech NewsUSUS NewsUS-China relationsWorld
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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 Presses Ahead With Central Bank Digital Currency Technology
May 16, 2023
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Asia & PacificBank of KoreaBusiness & Marketscentral bank digital currencycryptocurrencyeconomic policieseconomyMarketsSamsungSouth KoreaUSWorld
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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…
GM Partners With Samsung for a $1 Billion Electric Vehicle Battery Factory
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…
South Korea Won’t Break Away From US-Led Tech Alliance Despite Mounting Pressure From China, Expert Says
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…
NTD Business (April 7): JPMorgan Discrimination Probe up for Vote; IRS Pledges More Audits of Wealthy
April 7, 2023
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Apple IncEpochTVIRS auditsjobs reportJPMorganLive VideosMark HamrickNTD BusinessSamsungSecurities and Exchange Commission (SEC)U.S. labor marketVideo
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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…
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