Samsung

Samsung Electronics rejected a proposal from Korea Electric Power Corp (KEPCO) for an advance payment of 25 trillion won to finance power infrastructure for planned semiconductor plants after an internal review. The company regards the large advance as unnecessary and cites uncertainty about the long-term stability of semiconductor demand. » Więcej na de.investing.com

Samsung’s stock fell 2.3% to ₩253,500 after leading AI labs in a joint statement called for a slowdown in AI development. The news dampened demand prospects for memory chips and triggered a sector-wide sell-off in Korean chip stocks as well as pressured leveraged ETFs. Additional pressure came from higher oil prices, rising U.S. yields near 5% and nerves ahead of the Fed meeting, which also pushed SK Hynix sharply lower and sent the KOSPI down more than 3%. » Więcej na de.investing.com

Samsung shares fell about 4.1% on Friday to 258,000 ₩, weighed down by rising bond yields and oil prices. Additional pressure came from a report of delays in the foundry division on a potential 2-nanometer order for Qualcomm, raising doubts about Samsung’s competitiveness as a contract manufacturer. Apple’s unveiling of a similarly positioned, expensive foldable phone and forecasts that Apple will gain market share in the premium foldable segment further dampened sentiment. South Korea’s central bank also warned about the influence of leveraged products traded by foreign investors, which, together with weakness at SK Hynix, pushed the KOSPI sharply lower. » Więcej na de.investing.com