SSNLF News & Events

Samsung Electronics (SSNLF), Hyundai Motor (HYMLF), and other South Korean manufacturers revealed domestic investment plans, Reuters reports. Samsung plans to add a chip production line in the South Korean city of Pyeongtaek as part of its plan to make $310.79B investments at home over the next five years. Additionally, Hyundai Motor recently announced domestic investments worth KRW 125.2T between 2026-2030. Hanwha Ocean and HD Hyundai also unveiled their own investment plans.

Samsung has raised the prices of certain memory chips by up to 60% compared to September due to its short supply caused by the global race to build AI centers, Hyunjoo Jin and Fanny Potkin of Reuters reports, two sources told Reuters. This comes as the company decided to delay an announcement of pricing for supply contracts in October.

Samsung (SSNLF) s is in advanced talks with Barclays (BCS) to launch a consumer credit card in the U.S., AnnaMaria Andriotis of Wall Street reports, citing people familiar with the matter. Samsung and Barclays seek to announce the partnership by the end of the year, but the talks have missed earlier deadlines and a deal isn't assured, sources told the Journal. Visa (V) is in talks to be the network on the credit card, the people added. Samsung is also exploring launching a high-yield savings account, a digital prepaid account and a new buy-now pay-later product, the sources noted.