Joyce Lee / Reuters:
Samsung Electronics pledges to invest $5B+ in R&D on tech to achieve net zero emissions for its devices business by 2030 and across the company by 2050 — Samsung Electronics (005930.KS) will invest over 7 trillion won ($5.02 billion) by 2030 as part of sweeping environmental initiatives aimed …
Coco Liu / Bloomberg:
Study: Chinese netizens are permitted to air environmental concerns and criticize polluters on social media, resulting in lower emissions from some factories — In spite of China’s intensifying crackdown on political dissent, residents still have plenty of leeway to air their environmental concerns …
Reuters:
Sources: the US plans to spare SK Hynix and Samsung from the brunt of new restrictions on DRAM and NAND chipmakers in China planned to be released this week — The Biden administration plans to spare SK Hynix (005930.KS) and Samsung (005930.KS) from the brunt of new restrictions …
Munsif Vengattil / Reuters:
Samsung launches a co-branded credit card with Axis Bank in India, where it has 175M customers, offering 10% cashback to customers buying Samsung products — Samsung Electronics (005930.KS) is targeting repeat purchases from its 175 million customers in India through a new cashback credit card …
Sohee Kim / Bloomberg:
Samsung Electronics formally names de facto leader Jay Y. Lee executive chairman; his ascension had been delayed by graft investigations and two stints in jail — Samsung Electronics Co. named Jay Y. Lee executive chairman of South Korea’s largest company, finalizing a long-anticipated elevation …
Yuvraj Malik / Reuters:
Micron plans to invest ~$15B in a new memory manufacturing fab in Idaho, spending a total of $40B in the US by 2030, with grants and credits under the CHIPS Act — Micron Technology Inc (MU.O) will invest about $15 billion over the next 10 years in a new memory-chip manufacturing facility in Boise …
Debby Wu / Bloomberg:
Taiwan pledges to work closely with the US and other allies to implement “very firm” export controls and prevent China’s military from acquiring advanced chips — Taiwan pledged to work closely with the US and other allies to prevent China’s military from acquiring state-of-the-art technology …
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