The announcements follow new US sourcing requirements for EV battery components and critical minerals in order for car buyers to qualify for up to $7,500 in credits

The South Korean government and battery producers LG Energy Solution, Samsung and SK On will together invest in the next generation of power cells

Analysts say Samsung’s chip division likely reported quarterly losses of more than $2.3 billion due to falling memory chip prices and lower inventory values

Seoul reacts to proposed new limits for recipients of US chip manufacturing and research funding that includes restrictions on investments related to expansion in China and Russia

The investment is part of a 550 trillion won private-sector investment plan unveiled by the South Korea government to support high-tech sectors

Companies winning US chips subsidies would be barred from joint ventures or expansion in ‘foreign countries of concern’ like China for 10 years

Semiconductor powerhouses Taiwan, the United States, Japan and South Korea held a video meet to discuss supply chain resilience

Samsung’s plans have fanned concern that the world's biggest memory chipmaker intends to draw on its deep pockets to gain market share from smaller peers