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Korean builders are racing into data centers, chasing multibillion-dollar opportunities as the generative AI boom fuels a global surge in demand for computing infrastructure. Global real estate consultancy JLL estimates that the data center market will grow at an annual average rate of 14 percent through 2030, while global data center power consumption is expected to nearly double from around 103 gigawatts in 2025 to 200 GW by 2030, led by an infrastructure super-cycle requiring up to $3 trillio
South Korea’s media regulator has delayed a final decision on sanctions against Google and Apple over in-app payment practices it says violated Korean law, nearly three years after the penalties were first proposed. The Korea Media and Communications Commission said Wednesday it heard arguments from both companies at a plenary meeting but deferred a decision pending further deliberation. The regulator found that Google and Apple effectively restricted developers to designated payment methods whi
SK hynix has effectively secured the position of the largest shareholder in Japanese NAND flash maker Kioxia Holdings after a special-purpose company it invested in overtook Toshiba as the chipmaker’s top shareholder. According to a filing Kioxia submitted to the Tokyo Stock Exchange on Monday, Toshiba cut its stake to 14.12 percent, or 77.04 million shares, as of Aug. 3, from 14.48 percent, or 79.03 million shares. BCPE Pangea Cayman2, a Bain Capital-affiliated special-purpose company, meanwhil
The artificial intelligence boom is changing not only how much memory chipmakers produce, but also how they sell it. The world's top three memory chipmakers — Samsung Electronics, SK hynix and Micron Technology — are increasingly locking customers into long-term supply agreements lasting as long as five years as global tech companies race to secure memory for AI data centers. The shift marks a departure from an industry long dominated by quarterly negotiations and short-term orders, potentially
China’s top memory chipmaker CXMT is showing signs that its push into mainstream PC memory may be moving from qualification toward repeatable commercial production, as a new Chinese report claims its DDR5 manufacturing yield has surpassed 90 percent while major PC makers begin using its chips in limited volumes. Chinese technology outlet MyDrivers reported Monday that the yield on CXMT’s 17-nanometer-class DDR5 had “surpassed 90 percent,” saying the improvement had “significantly improved overal
Samsung Electronics is moving more aggressively to turn multiyear ties with US engineering schools into a recruiting pipeline for its semiconductor business, as the company expands advanced-chip capacity and the industry competes for a limited pool of engineers. The company’s Device Solutions division will hold Campus Career Day events at Texas A&M University on Aug. 26, the University of Illinois Urbana-Champaign on Sept. 2 and the University of Wisconsin-Madison on Sept. 4, according to notice
Samsung Electronics’ swelling artificial intelligence memory profits and cash pile are fueling expectations of its first special dividend in six years, shifting investor attention to how much the tech giant could return under its next shareholder-return program. Park Soon-cheol, Samsung Electronics’ chief financial officer, confirmed during the company’s second-quarter earnings call on July 30 that the board and management were discussing the next program. “We are discussing specific implementat
Chinese home appliance maker Dreame Technology said Tuesday it will launch its next-generation premium robot vacuum cleaner, the Aqua20 Ultra Roller, in South Korea, featuring a combination of high-temperature steam and a hot-water roller mop. The new model will make its Korean debut at the "Dreame in Seoul" event on Aug. 20 before going on sale, the company said. Founded in 2017, Dreame Technology is a global premium technology brand offering smart home appliances, home care products and smar
Naver said Friday during its second-quarter earnings call that its artificial intelligence factory business with Nvidia was expected to begin generating revenue in the first half of 2027. Chief Executive Officer Choi Soo-yeon said the factory, which will provide large-scale computing capacity for AI, would launch with 55 megawatts of capacity in 2027. This is set to expand to 100 MW by the end of that year and 200 MW in 2028. The company ultimately aims to build out the infrastructure to the gig
Samsung Electronics has teamed up with the US Department of Energy’s Oak Ridge National Laboratory to develop technology designed to provide stable heating and hot water even at temperatures below minus 30 degrees Celsius, the company said Sunday. The research will focus on advancing vapor-compression technology, the core mechanism behind heat pumps that absorbs heat from outside and transfers it indoors. Samsung and the US laboratory aim to maintain reliable heating performance in extreme cold
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