Samsung Group plans to raise spending by more than 30% to ₩450-trillion (about R5.7-trillion) over the next half a decade to 2026.
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ASML is building machines the size of double-decker buses, weighing over 200t and costing $400-million, in pursuit of the next generation of computer chips.
The move translates into additional pressure on makers of smartphones, cars and game consoles to lift the prices consumers pay.
Telkom has appointed Sung Hyuck Yoon, a former CEO and president of Samsung Africa, to its board as a non-executive director.
Smartphone shipments fell 11% in the first quarter, the worst drop since the coronavirus outbreak, according to Canalys.
Revenue at Taiwan’s TSMC rose to a record in the first quarter on demand for chips used in smartphones, computers and cars.
Samsung’s flagship Galaxy S22 smartphone has taken a battering from reports of hobbled performance, hurting its image as an iPhone rival.
Apple is exploring new sources of the memory chips that go into iPhones, including potentially its first Chinese provider.
Microsoft said a hacker group gained “limited access” to its systems, following a claim by the group that it obtained source code for Bing and Cortana.
Apple’s iPhones led the mobile industry to a milestone in January, when handsets with 5G accounted for more than half of smartphone sales for the first time.