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South Korea's Kospi index fell by 1.6%, led by the electronics industry, with Samsung Electronics falling by 3.0%.
The South Korean Kospi index has fallen for the third consecutive day, down 1.6% to 2,780.08 points. During the midday session, electrical and electronic equipment sectors led the decline, with all sectors of the large cap falling. Of the 837 stocks, 649 fell and 133 rose. Samsung Electronics fell 3.0%, causing the biggest drag on the index; Cosmax Inc. had the largest decrease, falling 12.1%.
Samsung Electronics Labor Union will meet with management on Friday while continuing the strike.
Samsung Electronics' largest union announced on Thursday that it will meet with management on Friday to discuss the timetable for wage negotiations. The union will continue to strike indefinitely during negotiations.
Samsung announced the acquisition of a British AI startup.
Samsung Electronics announced on Thursday that it has acquired Oxford Semantic Technologies, a UK startup specializing in artificial intelligence (AI) and knowledge graph technology, to strengthen its AI technology on devices. Samsung Electronics signed the acquisition agreement on Tuesday in the UK, but the company did not disclose the financial terms of the trade. Oxford Semantic Technologies was founded in 2017 by Oxford University professors Ian Horrocks, Boris Motik, and Bernardo Cuenca Grau.
Overnight News: US stocks rose, Chinese concept stocks rose, gold hit a new high, Russia plans to cut crude oil production, and a dam in Illinois, USA collapsed.
For more global financial news, please visit our 24/7 real-time financial news market closing: Dow rose more than 740 points to a new high, small-cap stocks surged. July 16th, the top 20 US stock trading volume: Musk supports Trump's election and pledged to donate $45 million per month. On Tuesday, China concept stocks were mixed, with Xiaopeng up 6.6% and PDD down 1.6%. US WTI crude oil fell 1.4% on Tuesday, and major European stock indexes fell collectively. The German DAX30 index fell 0.42%. Macroscopically, US retail sales excluding autos in June recorded the largest increase in three months. US business inventories in May increased by 0.5% on a month-over-month basis, which is in line with expectations.
Weekend news: Trump was shot at a campaign rally, the son of Asia's richest man's wedding is trending, and Apple's MacBook will use 3D chips by 2025.
For more global financial information, please visit 7x24 real-time financial news. Market review of last week's closing: US stocks closed higher on Friday. This week, the market is concerned about inflation data and the prospect of Fed rate cuts. On July 12, the top 20 US stock transactions: Wells Fargo & Co stated that it could not cut costs as expected. This week, the US WTI crude oil fell by 1.1% and Brent crude oil fell by 1.7%. On July 12, the top 20 US stock transactions: Wells Fargo & Co stated that it could not cut costs as expected. European stocks rose collectively, with the STOXX 50 index up 1.38%. Macro review of Trump's assassination: blood on his cheeks, making a fighting gesture before evacuation. US federal trade
Intel CTO: By the end of 2027, software sales will reach $1 billion.
Greg Lavender, Intel's Chief Technology Officer (CTO), stated today that Intel's progress in entering the software market has been smooth. By the end of 2027, cumulative sales will reach 1 billion US dollars. In 2021, Intel's software revenue exceeded 0.1 billion US dollars. In June of that year, Intel CEO Pat Gelsinger recruited Lavender to guide the company's software strategy. Since then, Intel has acquired three software companies. Lavender said today, "My goal is to achieve 1 billion US dollars in software and developer cloud subscription revenue."
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MonkeyGee : dont doubt it Samsung is one of the most scammy company I know. They run their warranty center like an india scam call center.