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Real-time News
South Koreas information and communication technology (ICT) exports saw their largest year-on-year increase in April, driven by strong overseas demand for chips and other products related to the artificial intelligence (AI) ecosystem, data released on Thursday showed. According to statistics from the Ministry of Science and ICT, ICT exports rose 125.9% year-on-year to $42.7 billion in April. The ministry added that this was the largest year-on-year increase in percentage terms since data collection began, and the second largest export value. By product category, semiconductor exports grew by 173.3% to $31.9 billion during the period, driven by excess demand for memory chips fueled by continued investment in the AI field. Exports of computers and related accessories surged 430% to $4.3 billion, driven by demand for solid-state drives (SSDs), a key infrastructure in the AI supply chain.May 14 - Hunter Hunt, grandson of Texas oil tycoon HL Hunt, is concerned that damage to Middle Eastern energy infrastructure could lead to a decline in oil production in the coming years. Hunt discussed numerous issues surrounding the Iran-Iraq War, including oil production shutdowns, refinery damage, and the de facto closure of the Strait of Hormuz, through which approximately one-fifth of the worlds crude oil has been transported. "This is simply a nightmare that no one wants to see in their plans," Hunt said on Wednesday. Hunt, who rarely speaks publicly, heads the 91-year-old Hunter Oil Company, which operates globally, including in Yemen and the Kurdish region of Iraq.Piper Jaffray: Raises its target price for Cisco (CSCO.O) from $86 to $132.Alibabas enterprise-level agent platform "Wukong" has recently begun to scale up its deployment.On May 14, Xi Jinping stated that the common interests between China and the United States outweigh their differences, that the success of each country is an opportunity for the other, and that a stable China-US relationship is beneficial to the world.
