AI Memory Boom Sparks Global Chip Supply Crunch 
Meta AI Strategy Faces Challenges as Zuckerberg Admits Mistakes in Internal Memo 
Oracle Stock Falls Despite Earnings Beat as Company Plans $40 Billion Financing for FY2027 
Asics Considers Onitsuka Tiger Spinoff as Luxury Sneaker Brand Expands Globally 
Honda Leadership Crisis Deepens as Retired Executives Challenge CEO Toshihiro Mibe’s Strategy 
GM and Peak Energy Partner to Advance Sodium-Ion Battery Technology for Grid Storage 
Woodside Energy Acquires PetroChina’s Browse Stake, Expands Position in Major Australian Gas Project 
SpaceX IPO Sets Record With $75 Billion Raise, Valuation Hits $1.77 Trillion 
EngineAI Files for Hong Kong IPO Amid Rising Demand for AI and Robotics Stocks 
Anthropic Restricts Global Access to AI Models After U.S. Security Review 
DOJ Clears Paramount Skydance-Warner Bros. Discovery Merger Without Conditions 
BHP Port Hedland Workers Back Strike Action Amid Pay Dispute 
OpenAI May Slash AI Service Prices Amid Growing Rivalry With Anthropic 
OpenAI Eyes Massive 10GW Ohio Data Center Campus in Potential $500 Billion AI Infrastructure Deal 
Wizz Air Beats Profit Forecast as Cost Controls Offset Industry Challenges 
Changchun Targets EV Growth as China’s Auto Industry Consolidation Accelerates 
Adobe Beats Q2 2026 Estimates, Raises Full-Year Outlook as AI Revenue Surges Despite Stock Drop 
South Korean telecom giant LG Uplus Corp. insisted that Huawei Technologies Co.'s 5G equipment does not pose security risks in response to US deputy assistant secretary of state Robert Strayer's to replace the Chinese equipment.
LG Uplus is the only South Korean carrier using Huawei's 5G equipment.
The US accuses Huawei of spying and stealing sensitive information, thereby compromising a country's internet communications.
According to an LG Uplus spokesperson, they and Huawei have done all they could in proving security.
Local industry experts say LG Uplus has much to lose in replacing Huawei products due to their years as business partners.
According to Kim Jong-ki, a research fellow at the Korea Institute for Industrial Economics & Trade, LG Uplus will face equipment compatibility issues if it switches to other 5G equipment since it has used Huawei products for its 4G LTE services.
Consequently, an abrupt change would be costly and delay its plans to deploy 5G.
LG Uplus also uses 5G equipment from Samsung Electronics Co., Finland's Nokia Corp., and Norway's Ericsson. Still, the Huawei equipment is the one installed on the broader capital region and Gangwon Province.
LG Uplus had 1.7 million 5G subscriptions in South Korea as of May, trailing SK Telecom Co. with 3.1 million and KT Corp. with 2.1 million.
The three carriers would commit up to 25.7 trillion won to build a nationwide 5G network by 2022 and are all in search of new 5G equipment suppliers by the end of this year to test 5G on the 28-gigahertz (GHz) band, which is faster than the current 3.5 GHz band.
So far, LG Uplus remains tight-lipped on its equipment providers for the 28GHz band.
