Sam Kim / Bloomberg:
SIA data: global semiconductor sales declined 3% YoY in September, the first drop since early 2020; South Korean chip manufacturing dropped by 3.5% YoY — Global chip sales contracted for the first time since early 2020, in a blow to South Korea’s economy which is highly geared to the industry …
Sam Kim / Bloomberg:
South Korea’s trade ministry data shows its DRAM chip exports fell 24.7% YoY in August 2022, the biggest drop since 2019, indicating a deepening slump in demand — South Korea’s exports of its most lucrative memory chip fell by the most since 2019, indicating a deepening slump in technology demand central to global economic growth.
Hooyeon Kim / Bloomberg:
A South Korean court issues an arrest warrant for Terraform Labs founder Do Kwon and five others located in Singapore, following the collapse of LUNA and UST — A court in South Korea issued an arrest warrant for Do Kwon, the founder of the Terraform Labs cryptocurrency ecosystem …
Naoto Hosoda / Bloomberg:
Chip-related stocks slump in Japan, South Korea, and Taiwan after US curbs on China; the PHLX chip index fell to its lowest level since November 2020 on Monday — Chip-related stocks in Japan, South Korea and Taiwan slumped as traders returning from Monday’s holidays reacted …
Kif Leswing / CNBC:
Sensor Tower: Apple’s App Store net revenue fell by around 5% in September, the steepest drop since 2015, as gaming revenue declined by 14% — – Apple’s App Store revenue declined about 5% in September, according to Morgan Stanley, the steepest drop since the bank started modeling the data in 2015.
IDC:
Global wearables shipments declined 6.9% YoY to 107.4M units in Q2 2022, weighed down by rising inflation and other factors; Apple’s share declined to 25% — The wearables market faced another challenging period in the second quarter of 2022 (2Q22) as global shipments declined 6.9% year …
Kate Park / TechCrunch:
South Korean financial super app Toss raised $405M Series G at a 9.1T won valuation, or ~$7B, after a 8.5T won valuation in June ’21; Toss Bank has 5M users — Viva Republica, an operator of South Korean finance super app Toss, has finalized a $405 million Series G funding and it says it is now valued …
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