|Bid||69,400.00 x 0|
|Ask||69,500.00 x 0|
|Day's Range||68,500.00 - 69,700.00|
|52 Week Range||51,800.00 - 73,600.00|
|Beta (5Y Monthly)||0.89|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 25, 2023 - Oct 30, 2023|
|Forward Dividend & Yield||1,444.00 (2.10%)|
|Ex-Dividend Date||Jun 29, 2023|
|1y Target Est||90,484.00|
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U.S. wireless chipmaker Broadcom (NASDAQ:AVGO) Inc. announced that it plans to appeal against the decision of the South Korean Fair Trade Commission (FTC) which imposed a 19.1 billion-won ($16 million) fine for unfair business practices against Samsung Electronics (KS:005930) Co.
South Korea on Friday said it has asked the United States to resolve uncertainties regarding U.S. export controls in the chip sector and subsidies for chip investment. Industry Minister Bang Moon-kyu met with U.S. Deputy Secretary of Commerce Don Graves in Seoul on Friday ahead of the expiry next month of a year-long waiver for Samsung Electronics and SK Hynix to import U.S. chip-making equipment into China. The waiver allowed the South Korean pair to supply equipment for their chip production facilities in China without additional licensing requirements.
South Korea's major exporters of cars and smartphones are bringing home a bigger chunk of their earnings this year to enjoy new tax breaks, and their 'reshoring' has become one rare source of support for a depreciating currency. South Korean companies repatriated a record $33.13 billion of overseas earnings during the January-July period, 6.3 times the amount a year earlier, central bank data on current account balances showed. The flows, the bulk of which is from globe-trotting exporters such as Samsung Electronics, Hyundai Motor Co and Kia Corp, are a welcome relief for the won which has been crushed by Korea's falling exports and a broad U.S. dollar rally.