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The Latest Breaking News from Jay Y Lee

South Korea's SK Hynix, Samsung Electronics sign $950 billion partnership with US big tech

The partnership includes the long-term supply of $750 billion in memory chips to US companies by SK Hynix ‌and $200 billion in chips by Samsung Electronics ⁠to Broadcom, the presidential adviser, Kim Yong-beom, said at a briefing.

The Economic Times

South Korea President Lee looking to open new era of AI in with global tech companies

President Lee delivered a keynote address unveiling a "San Francisco AI Declaration" that outlined South Korea's AI ambitions and its vision for technological cooperation with the United States. Lee separately met Nvidia CEO Jensen Huang, OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei and Broadcom CEO Hock Tan, before joining…

The Economic Times

Samsung, SK Hynix to announce major chip deals with US tech companies, Seoul says

Samsung Electronics and SK Hynix are set to announce major long-term memory chip supply deals with US technology companies during South Korean President Lee Jae Myung’s visit to San Francisco. The visit is also expected to bring strategic AI data centre investments and deepen US-South Korea technology ties.

The Economic Times

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Korea taps Samsung, SK Hynix in $576 billion AI-chip drive to cement global leadership

The plan, anchored by Samsung Electronics and SK Hynix, marks Lee's boldest push yet to align South Korea's AI and chip ambitions with his pledge to narrow domestic regional disparities and revive economies beyond the Seoul metropolitan area.

The Economic Times

South Korean president to unveil massive AI and chip investment drive

Lee will preside over the event, framed as a national "great leap" due to be unveiled around 0500 ‌GMT, his office ⁠said, with ⁠ministries covering industry, science, climate and transport set to outline policy support.

The Economic Times

Samsung, labour union meet again as Seoul threatens to intervene to block strike

Samsung Electronics and its labor union are in crucial government-led talks. The aim is to resolve a dispute over pay and bonuses. A strike by 45,000 workers could disrupt global chip production. South Korea's prime minister has threatened emergency intervention. The company's shares fell amid the uncertainty. The union demands…

The Economic Times

At Samsung, the global AI boom spurred a looming strike and deep divisions

A major strike looms at Samsung Electronics over AI boom profits. Over 45,000 workers demand fair bonus distribution. The dispute could disrupt memory chip production, impacting AI data centers, smartphones, and laptops globally. Government and investors express concern over potential economic fallout and supply chain instability. This labor unrest highlights…

The Economic Times

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South Korean president grins in selfies with China’s Xi as part of four-day charm offensive

Xi frames South Korea and China as historic allies against Japanese militarism

The Independent UK

Samsung Chairman Jay Y Lee's Family Plans To Offload $1.2 Billion In Shares To Pay Massive $8 Billion Inheritance Tax

Samsung Electronics Co. Ltd. (OTC:SSNLF) Chairman Jay Y Lee's mother and sisters plan to sell $1.2 billion worth of shares to cover a massive inheritance tax bill.

Benzinga

South Korean court clears Samsung chairman in merger fraud case

It removes a long-running legal risk for the head of the tech giant

The Independent UK

Samsung Chairman Jay Y. Lee Acquitted Of Stock Manipulation By South Korea's Supreme Court

On Thursday, South Korea's Supreme Court cleared Samsung Electronics (OTC:SSNLF) chairman Jay Y. Lee of stock manipulation and accounting fraud charges related to a 2015 merger, ending a nearly decade-long legal battle.

Benzinga

How the 173-year-old glass-maker behind Edison's light bulb and iPhone screens became a Silicon Valley darling

CEO Wendell Weeks talks about Corning Inc.’s innovations—ranging from Edison’s lightbulb to the face of your smartphone—and how its fiber-optic cables are powering the AI revolution.

Fortune

Samsung To Axe Thousands Of Jobs Amid AI Struggles: Report

Samsung is reportedly implementing workforce reductions in Southeast Asia, Australia and New Zealand as part of a broader strategy to cut thousands of jobs globally.

International Business Times

Samsung boss with a history of legal troubles now facing five-year prison sentence due to alleged merger misdealings

Samsung Electronics chairman faces five years in prison.

Tom’s Hardware

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Benzinga

Elon Musk & Philippine Billionaire Come Together For Satellite Internet Service In Southeast Asia, Disney May Track Your Theme Park Preferences, Struggling Credit Suisse Reveals Business Overhaul: Top Stories Thursday, Oct. 27

Benzinga

ABC News

South Korean President Yoon Suk-yeol pardons Samsung Electronics vice-chairman Jay Y Lee amid 'national economic crisis'

South Korea's President, Yoon Suk-yeol, has pardoned Samsung Electronics vice-chairman Jay Y Lee on Friday, with the nation's Justice Ministry saying the business leader was needed to help overcome a "national economic crisis".

Axios

South Korean president pardons Jay Y. Lee, Samsung heir who was convicted of bribery

With his criminal record wiped, he can formally take the helm of the electronics giant at a critical time for South Korea's economy.

Reuters

South Korea's President pardons Samsung leader in bribery scandal

South Korea's President Yoon Suk-yeol pardoned Samsung Electronics Vice Chairman Jay Y. Lee on Friday, with the justice ministry saying the business leader was needed to help overcome a "national economic crisis".

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Reuters

S.Korean PM to recommend presidential pardon for Samsung's Lee

South Korea's prime minister said on Wednesday he would recommend to the president a pardon for Jay Y. Lee, vice chairman of the world's biggest memory chip maker, Samsung Electronics.

Reuters

Samsung boss Lee hosts Biden, Yoon in tour of S.Korea chip plant

Samsung Electronics Vice Chairman Jay Y. Lee hosted U.S. President Joe Biden's tour of a semiconductor plant in South Korea, after being excused from attending an accounting fraud trial hearing on Friday, a court spokesperson said.

Benzinga

Investors Sell Samsung Shares Worth $1.1B In Block Deal: Reuters

Investors sold Samsung Electronics Co Ltd (OTC:SSNLF) shares worth about $1.1 billion in a block deal on March 24, Reuters reports. Kookmin Bank sold 19.9 million shares at a discount of 2.4% to the March 23 closing price. The share sale matched the amount that Hong Ra-hee, mother of Samsung Vice Chair Jay…

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