Reported 1 day ago
The Supreme Court of South Korea has acquitted Samsung Electronics Chairman Jay Y. Lee of charges related to accounting fraud and stock manipulation stemming from a $8 billion merger in 2015. This ruling eliminates a significant legal risk for Lee and is expected to positively impact Samsung's future initiatives, especially in the competitive landscape of AI chip development. Following the court's decision, Samsung's shares rose, highlighting investor confidence in the company's prospects under Lee's leadership amid intensifying global competition.
Source: YAHOO