Here's your morning TNB Tech Minute for Monday, June 29th. I'm Julie Chang for the Wall Street Journal.

Comcast plans to separate its media and connectivity businesses. Creating two separate publicly traded

companies, it hopes, will be better positioned to grow or pursue deals in rapidly evolving industries.

The cable giant plans to complete a tax-free

spin-off of NBC Universal and Sky, establishing a pure play media company. According to people

familiar with the matter, Comcast executives began discussing the split in recent weeks. Broadband

businesses have been challenged by cell phone carriers offering home broadband

service beamed over the air. In media and entertainment, Comcast and its rivals have had to

invest heavily into their streaming services, but still need greater scale. The separation is expected

to be completed within the next year. The South Korean government announced Samsung Electronics and S.K. Hynix plan to invest over

$500 billion in a new chipmaking hub, collaborating with the government's push to bring the AI

boom to less developed regions. The initiative envisions the creation of four new memory

chip plants in the southwest. Both

companies' current production centers are all in the Seoul region. They'll each invest about

$260 billion in the new hub. Samsung and S.K. Hynix are the world's two largest memory chip makers,

and now each boast of market capitalization exceeding $1 trillion.

And Rocket Lab has agreed to buy Arridium Communications, an $8 billion deal that would

give it control over a satellite fleet and access to wireless resources it can use to compete

with SpaceX. SpaceX's traction among consumers and government customers with

its satellite offerings has heaped pressure on companies looking to compete, prompting a wave

of consolidation across the industry. Rocket Lab set the deal with Marriott's launch and satellite

manufacturing capabilities with Eridium's global reach and spectrum holdings.

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