Tuesday, September 10, 2024

South Korean police arrest two former Samsung officials on suspicion of stealing tech worth $3.2B+ to build a chipmaking plant in China (Yoolim Lee/Bloomberg)

Yoolim Lee / Bloomberg:
South Korean police arrest two former Samsung officials on suspicion of stealing tech worth $3.2B+ to build a chipmaking plant in China  —  - Police accuse two former execs of stealing trade secrets  — They allegedly set up a JV with local government officials



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Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part due to investments, as it seeks to monetize AI (Luz Ding/Bloomberg)

Luz Ding / Bloomberg : Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part du...