Search results for Howard Lutnick
Industry
Shinsegae to build South Korea\'s largest AI data centre, aims to lead retail with AI commerce
Shinsegae Group plans to build what it described as South Korea\'s largest AI data centre in partnership with U.S. startup Reflection AI and to develop a full-stack AI factory offering cloud services and tailored AI solutions. The company said it aims to become an AI cloud provider while seeking synergies with its retail business. The partners signed an MOU in San Francisco on March 16 and plan to establish a joint venture within the year.
Industry
One year after Trump warns of semiconductor tariffs, what has changed
Nearly a year after U.S. President Donald Trump warned of 100 percent tariffs on semiconductors, advanced memory such as high-bandwidth memory (HBM) has avoided the levies, but Samsung Electronics and SK Hynix face investment demands running into the hundreds of trillions of won. The United States has begun a first-phase tariff on advanced computing chips while excluding memory. Focus is now on possible second-phase measures, including legacy memory tariffs and conditions tied to investment.
Industry
Lee Jae-yong says Samsung family committed to preserving Korean cultural heritage
Samsung marked the first overseas exhibition of donated works from the late Lee Kun-hee with a gala dinner in Washington on Jan. 28 local time. About 250 guests attended, including U.S. officials, politicians, business leaders and cultural figures. Samsung family members welcomed attendees and highlighted the founders’ resolve to preserve Korean cultural heritage. Organisers estimate the exhibition will draw more than 65,000 visitors by closing.
