Samsung chip production delay as truckers strike in South Korea

Published

2 years ago

June 14, 2022

Samsung is experiencing chip production delays in China as a result of a truck strike in South Korea

The demonstration is blocking exports and costing the country over USD 1 billion in lost production and delivery disruptions.

The Korean company manufactures isopropyl alcohol used for cleaning chip wafers but its failure to deliver to China has stunted the output of Samsung’s Electronics Factory there.

Around 90 tonnes of materials have been held up.

The plant in the city of Xian produces NAND flash memory chips that are used in smartphones and other tech gadgets for data storage.

Meanwhile the trucker union has announced their strikes will continue and blames the transport ministry for being “neither willing to talk nor capable of resolving the current situation”.

Protestors are pushing for minimum pay guarantees as fuel prices skyrocket.

Up Next

Amazon to offer drone deliveries for parcels

Don't Miss

Musk set to face concerned Twitter employees

Natasha Schapova

Natasha is an Associate Producer at ticker NEWS with a Bachelor of arts from Monash University. She has previously worked at Sky News Australia and Monash University as an Online Content Producer.

Warner Brothers & Discovery considers splitting up to boost stock value

Published

1 week ago

July 19, 2024

ticker NEWS

Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Published

1 week ago

July 18, 2024

ticker NEWS

Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

Money

Netflix expands use of ads despite slow subscriber growth

Published

1 week ago

July 18, 2024

ticker NEWS

Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.