"chip"

The race to outpace competitors with massive capacity expansions is intensifying among global chip manufacturers and the time for Samsung Electronics to announce its own investment plans is approaching.

The worldwide microchip shortage that is driving up the price of computers and other devices will last through 2021, according to Gartner, Inc.

Samsung Electronics Co. on Thursday expected its semiconductor business to rebound in the current quarter following mediocre performance, although its mobile unit is projected to suffer a profit decline after spearheading its strong first-quarter earnings.

President Moon Jae-in on Thursday stressed that South Korea must continue to lead the global chip supply chain and pledged support for the local semiconductor industry, amid the prolonged chip shortage and intensifying US-China trade tensions.

South Korea plans to invest more than 200 billion won ($176 million) in developing automotive chip-making technology by 2022 in an effort to nurture the next-generation vehicle sector, the finance minister said Wednesday.

The sudden shortage of semiconductors disrupting auto production and limiting revenue growth for Apple Inc. has created a stock market boon for the makers of chip production equipment.

SEOUL - Samsung Electronics will invest nearly $18 billion in its chip business, the South Korean firm said Tuesday, as it seeks to expand its lead in the global memory chip and smartphone markets.

Politicians flocked to a meeting yesterday to debate a draconian draft law – perhaps the most stringent in history – aimed at governing their activities in the run-up to the general election scheduled for the latter part of next year.