Under the traditional age counting system, used most commonly in South Koreans' everyday life, people are deemed to be a year old at birth and a year is added every January 1

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

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

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

South Korea is in the crosshairs of a tit-for-tat row between China and the United States over semiconductors

The battery plant, set to built in the state of Georgia, will have an annual production capacity of 30 gigawatt-hours, enough for 300,000 EVs, the battery giants said

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

Washington has asked Seoul to encourage Samsung and SK Hynix to hold back from boosting China sales if Micron is banned as a result of an ongoing investigation

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

The semiconductor sector’s troubles were also blamed for the decrease with the Asian powerhouse a major global tech player