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Samsung vice chairman Lee Jae‑yong said the company is in a "race against time" and has sped up plans to build semiconductor fabs in the Seoul metropolitan area. Gwangju (southwest South Korea) will be developed as a new memory manufacturing base; Ch

2026-06-29

Samsung vice chairman Lee Jae‑yong said the company is in a "race against time" and has sped up plans to build semiconductor fabs in the Seoul metropolitan area. Gwangju (southwest South Korea) will be developed as a new memory manufacturing base; Cheonan and Onyang will be designated high‑bandwidth memory (HBM) packaging centers. Samsung also plans to deploy humanoid robots at its Gumi (North Gyeongsang) fab and increase related investment.

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2026-06-29

June 29 — Foreign Ministry spokesman Guo Jiakun said at a routine briefing that Australia and Vanuatu signed an economic and security cooperation agreement today that bars establishment of foreign military bases on Vanuatu territory. Guo noted Austra

June 29 — Foreign Ministry spokesman Guo Jiakun said at a routine briefing that Australia and Vanuatu signed an economic and security cooperation agreement today that bars establishment of foreign military bases on Vanuatu territory. Guo noted Australian officials had earlier expressed concern that China may be seeking to expand a security presence in the region, including Vanuatu. He said China pursues pragmatic cooperation with Pacific island countries, including Vanuatu, based on mutual respect, equality, mutual benefit and openness, and urged that external cooperation with Pacific islands should genuinely support their development and stability, should not target third parties and should not be used for geopolitical rivalry.
2026-06-29

Morningstar analyst Jing Jie Yu said market uncertainty about potential capital spending by Samsung Electronics and SK Hynix may be pressing their share prices. He estimates combined capex could reach about 2,000 trillion won over the next decade—rou

Morningstar analyst Jing Jie Yu said market uncertainty about potential capital spending by Samsung Electronics and SK Hynix may be pressing their share prices. He estimates combined capex could reach about 2,000 trillion won over the next decade—roughly double Morningstar's current forecast—including SK Hynix’s planned AI data‑center investment, with pledged spending on the Yongin wafer‑fab cluster around 600 trillion won. Yu warned that if SK Hynix’s AI data‑center commitments are separate from its broader capex plans, the memory‑chip sector could face a material supply‑overhang risk because demand typically slows as a capex cycle matures.
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