Samsung’s Record $80 Billion Return Fails to Lift Shares; KOSPI Slumps
SEOUL — Samsung Electronics announced on Aug. 20 the largest shareholder-return program in Korean corporate history: up to $80 billion in buybacks and dividends, a figure the company framed as…
Dutch Regulator Fines Uber $966 Million Over Automated Driver Deactivations
AMSTERDAM — The Dutch data protection authority fined Uber 825 million euros, or about $966 million, on Sunday for the way it deactivates driver accounts, ruling that an automated process…
Tesla Recalls Nearly 3 Million Cars in China; Robotaxi Event Set for Sept. 3
On a collision, the low-voltage electrical system that powers the door buttons dies. The occupants reach for handles that look like part of the trim and are hard to find…
Waymo Hands Over Documents in Child-Collision Probe; Most Are Blacked Out
The documents landed on the National Highway Traffic Safety Administration’s website on a Friday morning, and reporters who opened them found the answers to the regulator’s questions missing. Waymo LLC…
TSMC Aims to Start 1.6-Nanometer Production by Year-End
The chips that power the next generation of iPhones and Nvidia accelerators are about to get smaller. Taiwan Semiconductor Manufacturing Co., the world’s largest contract chip maker, is preparing to…
Samsung SDI to Sell $3.2 Billion Samsung Display Stake to Fund Battery Push
Samsung SDI Co., the battery-making arm of Samsung Group, said Friday it will sell 13.09 million shares of Samsung Display Co., worth about 4.45 trillion won ($3.2 billion), to the…
Musk Denies Report of SpaceX’s $6 Billion Spectrum Deal
Elon Musk said Wednesday that reports of SpaceX agreeing to buy $6 billion in wireless spectrum were untrue, a rare public denial from the billionaire after news outlets cited people…
Prime Video Bets $2 Billion on Latin America’s Streaming Growth
Amazon’s Prime Video will invest more than $2 billion in Latin America between 2027 and 2030, funding local original series and sports broadcasts, the company announced on Wednesday. It is…
Oracle’s Troubled VA Records Contract Grows to Nearly $27 Billion
The Department of Veterans Affairs has raised the ceiling on Oracle’s electronic health records contract by nearly $17 billion, bringing the total value of the program to almost $27 billion,…
Microsoft Rushes Patch for Entra ID Flaw Already Under Attack
Microsoft on Thursday released an emergency fix for a vulnerability in Entra ID, its identity and access management service, that carries the maximum severity score of 10.0 on the CVSS…
