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Samsung chip production delay as truckers strike in South Korea

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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.

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.

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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