Daily brief
Samsung Electronics and AMD have signed a memorandum of understanding to collaborate on next-generation memory for artificial intelligence, focusing on high-bandwidth memory like the upcoming HBM4. The companies will also explore a potential partnership in chip manufacturing, with AMD's CEO Lisa Su scheduled to visit a Samsung plant in South Korea. Separately, Samsung's CEO is reportedly seeking multi-year supply contracts with major customers to address concerns about future chip shortages.
Samsung's unionized workers in South Korea have approved a plan to go on strike.
South Korea is considering importing Russian oil and has been assured by the UAE that it will receive priority in oil supplies amid a global crude shortage, according to the Presidential Chief of Staff.
South Korea has restricted naphtha exports due to the crisis involving Iran.