AGP Executive Report
Last update: 7 hours agoAI and Chips: Seoul’s KOSPI fell 3.7% Tuesday as renewed doubts about AI spending hit Samsung Electronics and SK hynix; data-center firm Elice plunged 32% in its debut. Micron and China’s CXMT unveiled new memory plans, adding pressure on Korean chipmakers even as Samsung expands its Pyeongtaek hub. Shipbuilding: HD Korea Shipbuilding won a 1.9-trillion-won order from HMM for eight container ships, extending Korea’s push to capture global vessel demand. Industrial Investment: The government is backing chip suppliers with $1.5 billion in guarantees and a shared production lab, while committing 124.2 billion won to bring AI into manufacturing. Autonomous Mobility: Hyundai Motor and Kia are preparing Level 4 truck trials on a 400-kilometer route, a step toward commercial driverless freight.
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