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South Korea Pours Record Budget of 82.1 Trillion Won into AI and Chips, Semiconductor Tax Revenue Fuels Expansion

South Korea unveiled its largest-ever fiscal spending plan, with 2027 expenditure reaching 821 trillion won, up 12.8% year-on-year, a record increase, aiming to secure tech edge in the global AI race and signaling a shift in fiscal policy.....

16.1k yesterday

Micron Technology Achieves Revenue Growth for Six Consecutive Quarters, Driven by Demand for AI Chips

Micron Technology has achieved revenue growth for six consecutive quarters, primarily due to the surge in demand for AI chips. The company's newly launched HBM3E memory chip modules have been well received and are expected to generate hundreds of millions in revenue for the company in 2024. Micron is optimistic about the applications of AI in personal computers and mobile devices, planning to increase capital expenditures in fiscal year 2024 to meet production demands for the new memory modules. The CEO stated that the company’s HBM supply is sold out and predicts a significant increase in sales in the personal computer sector in 2024, driving demand for memory and storage.

10k 1 days ago

Micron Technology Achieves Revenue Growth for Six Consecutive Quarters, Driven by Demand for AI Chips

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200

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