meta_pixel
Tapesearch Logo
Log in
WSJ Tech News Briefing

TNB Tech Minute: Big Tech’s Big Spending on AI Infrastructure Overseas

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.31.7K Ratings

🗓️ 23 May 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus, South Korea unveils $19 billion plan to boost chip industry. And Chinese smartphone and gadget maker Xiaomi beats earnings expectations. Zoe Thomas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

While you're listening to this podcast, I'm causing mischief.

0:05.0

Like creeping past sleepy granddad to sneak a pot of Petty Faloo from the fridge.

0:12.0

Because Petty Falue fuels the mischief.

0:15.0

Boom!

0:16.0

Mom says that Petty forlue is made with calcium and vitamin D for healthy bones.

0:24.4

She knows best, most of the time.

0:27.8

Fuelling mischief with petty flu. Here's your TnB Tech Minute for Thursday, May 23rd. I'm Zoe Thomas for the Wall Street Journal.

0:39.0

South Korea has unveiled a $19 billion support package to bolster its semiconductor industry.

0:45.7

The package focuses largely on providing financial support for chipmakers and suppliers

0:51.2

to invest in semiconductor infrastructure in South Korea.

0:55.2

Tax breaks were said to expire at the end of the year.

0:58.1

The Office of South Korea's President says those breaks will be extended to facilitate large-scale investment by the semiconductor industry.

1:05.8

South Korea is looking to catch up with international rivals as demand soars for advanced chips

1:11.0

to power artificial intelligence and other computing.

1:14.0

Chinese smartphone and gadget maker, Shao Me,

1:17.0

reported first quarter results that beat expectations.

1:20.0

Net profit for the period was around $577 million, while quarterly revenue rose

1:27.0

27%.

1:29.0

Shaome's better than expected earnings came from strong sales at almost all its major businesses, especially its

1:35.5

smartphone, internet of things, and lifestyle segments.

1:39.6

And big tech companies are increasingly looking overseas to build out their artificial intelligence infrastructure.

1:46.0

So far this year, Microsoft and Amazon have earmarked more than $40 billion combined for investments

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.