Industry observers say the sanction-hit Chinese tech giant will be able to source the advanced chips needed domestically by the end of the year

The high-profile criminal case against Choi, an award-winning engineer, highlights Seoul's efforts to crack down on industrial espionage

The South Korean tech giant estimated its Q2 operating profit fell to $459 million, the lowest for any quarter since the first half of 2009

Prosecutors say 65-year-old Choi Jinseog, once hailed as a star in Korea's chip industry, tapped Samsung’s supplier network to steal information on factory layouts, cleanroom management

A government fund will buy JSR for $6.4bn in the latest move to boost the country’s chip industry which has also seen deals with TSMC and Samsung

The move will allow the chipmakers, which include Samsung, SK Hynix and TSMC, to continue to import US chipmaking tools to China for use in their existing fabs in the country

The former Samsung Electronics chief allegedly planned to build the chip factory just a mile away from the Korean giant’s manufacturing hub in Xian

South Korean president Yoon Suk Yeol vowed to support the South Korean chip sector in the face of heightened tensions between China and the United States

Industrial parks in the north of the country have been affected by rolling electricity blackouts threatening to deepen its economic slump

South Korea's Samsung and SK Hynix, the world's top two makers of memory chips, have invested billions of dollars in chip factories in China

"It takes huge amounts of pre-emptive investment to be a chipmaker, and it takes five years, 10 years to break even on those investments, so putting predictability into jeopardy makes investments difficult," an analyst said

Samsung’s Jay Y. Lee and Tesla’s CEO Elon Musk’s meeting was the first between the heads of the South Korean chip giant and the US electric-vehicle maker