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A week of earnings by big technology companies has been a rout for investors, as recession fears and the strong dollar hit businesses that were thought to be more resilient.And these industry giants warn more pain is ahead. “It’s just hard to see any points of good news on the horizon,” Intel Corp. INTC 7.46% Chief Executive Pat Gelsinger said. Inflation in the U.S., Europe’s economy rattled by high energy costs and the war in Ukraine, and…

SEOUL— Samsung Electronics Co. has officially appointed Lee Jae-yong as executive chairman, an elevation in title that formalizes the all-encompassing role he has played for years at South Korea’s largest business conglomerate. The 54-year-old Mr. Lee—who goes by Jay Y. Lee in the West—had previously held the title of Samsung Electronics vice chairman. He takes over a position previously held by his father, Lee Kun-hee,…

With its futuristic HoloLens headset, Microsoft Corp. MSFT -5.50% grabbed an early lead in the race to the metaverse. Seven years later, its big push into augmented reality, which blends virtual imagery with views of the real world, has bumped up against the limits of the technology and the patience of company management.The device, a ring-shaped computer worn like a crown that displays digital information on attached goggles, hasn’t become a hit. Microsoft shelved a…

Chip companies are facing a new period of tumult with a global semiconductor drought giving way to a sharp drop in demand for consumer electronics and new trade restrictions on China.U.S. curbs on exports of some of the most advanced chips to China unveiled less than two weeks ago have triggered a new round of profit warnings from semiconductor businesses and have prompted analysts to cut earnings forecasts for some of the companies designing chips and the tools to produce them. Applied Materials…

SEONGNAM, SOUTH KOREA—At the new headquarters of South Korea’s largest internet company, a fleet of self-driving robots whirl around delivering coffee, lunchboxes and mailed packages.More than 100 of these autonomous robots, which look a bit like the droid R2-D2 from the “Star Wars” films and go by the name “Rookie,” are operational at Naver Corp.’s 035420 4.42% high-rise office building. The tower is specifically designed with bump-free flooring and handle-free doors…

Samsung Electronics Co. has been granted a one-year exemption from new U.S. curbs on China’s chip industry, according to people familiar with the matter, joining a list of semiconductor companies that have received dispensation. The U.S. Department of Commerce granted Samsung authorization to continue receiving chip-making equipment and other items needed to maintain its memory-chip production in China, the people said. The South Korean company…

The groundbreaking ceremony for a Samsung chip production line in Xi’an, China, in 2018. Photo: Yonhap News/Zuma Press…

Shares of Asia’s largest semiconductor makers declined Tuesday as investors expressed fear about broad ramifications on the sector from new U.S. restrictions on exporting chips and related equipment to China. Taiwan Semiconductor Manufacturing Co. , the world’s biggest contract chip maker, dropped 8.3% Tuesday to its lowest closing in more than two years. TSMC TSM -3.31% has chip fabrication facilities—or…

The pandemic boom in memory chips is on pause. A decline in prices in recent months has led the biggest memory players—like Samsung Electronics Co. and Micron Technology Inc. —to issue grim forecasts and undershoot already-lowered profit estimates. Others have pledged to trim production capacity plans fearing a worsening supply glut. Chip executives and industry analysts don’t see price declines bottoming out—or even moderating—until the middle of next year.…

SEOUL— Samsung Electronics Co. is expected to see its third-quarter profits slump as the company’s mainstay memory-chip and smartphone businesses feel the effects of curbed consumer spending on tech products in the midst of high inflation and other economic pressures. On Friday, the tech company projected third-quarter operating profit of 10.8 trillion South Korean won, or roughly the equivalent of $7.7 billion, a drop from the prior year’s 15.8…