South Korean President Yoon Suk Yeol said on Monday that he will prolong tax breaks for investments in the local semiconductor sector to increase employment and recruit new talent. The

Samsung Electronics on Thursday announced its poorest quarterly profits in 14 years, blaming a decline in consumer electronics spending and a global semiconductor glut that hurt its core memory division.

In contrast to Samsung Electronics, its rival Micron Technology said in a statement that it would scale down its investments in fiscal 2023 to between $7 billion and $7.5 billion,