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SK Hynix says to spend $26 billion on two new chip plants in South Korea

Last Updated: Tuesday, August 25, 2015, 08:59

SK Hynix Inc, the world`s No. 2 DRAM chip maker, on Tuesday said it plans to spend 31 trillion won ($25.94 billion) to build two new chip plants in South Korea, aiming to update its production technologies to boost competitiveness.

US stocks cut losses as Apple, Intel gain

Last Updated: Tuesday, August 25, 2015, 00:05

US stocks fought back from a bruising open Monday, as a midday rally in Apple and a handful of other major stocks eliminated most of the market`s early losses.