Samsung SDS raised $820 million (1.22 trillion won) from KKR & Co. through convertible bonds, marking the company's first private equity deal and signaling an end to its long-standing debt-free policy. The funds will be used for global expansion and acquisitions in physical AI and stablecoin platforms in the US. About 37,000 Samsung workers are expected to attend a rally in South Korea, with a threat of a strike next month that could disrupt chip supplies.
Samsung Electronics facilities experienced a sharp decline in output during Thursday's overnight shift as labor unrest in South Korea intensified. Foundry chip production plummeted by 58% and memory chip output fell by 18% as unionized workers left their posts to attend a rally demanding higher wages. This escalation…
Read the full storySouth Korean chipmaker DEEPX is deepening its strategic partnership with Hyundai Motor Group to develop an advanced computing platform for robotics and vehicles using DEEPX's second-generation low-power chips. The collaboration focuses on integrating generative AI capabilities directly into hardware, reducing cloud…
Samsung SDS officially announced it has secured $820 million from global private equity firm KKR through the issuance of convertible bonds, marking a pivot from its long-standing debt-free policy. The company plans to utilize the capital to accelerate global expansion and pursue strategic acquisitions in physical AI…