SoftBank Eyes Switch Inc as It Pushes Deeper Into AI Data Center Expansion 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
United Airlines Tokyo-Bound Flight Returns to Dulles After Engine Failure 
Fortescue Expands Copper Portfolio With Full Takeover of Alta Copper 
Coca-Cola’s Proposed Sale of Costa Coffee Faces Uncertainty Amid Price Dispute 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
Westpac Director Peter Nash Avoids Major Investor Backlash Amid ASX Scrutiny 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
Strategy Retains Nasdaq 100 Spot Amid Growing Scrutiny of Bitcoin Treasury Model 
Coca-Cola’s Costa Coffee Sale Faces Uncertainty as Talks With TDR Capital Hit Snag 
Air Force One Delivery Delayed to 2028 as Boeing Faces Rising Costs 
ANZ Faces Legal Battle as Former CEO Shayne Elliott Sues Over A$13.5 Million Bonus Dispute 
SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
Azul Airlines Wins Court Approval for $2 Billion Debt Restructuring and New Capital Raise 
SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
Hyundai Motor's Executive Vice Chairman Chung Euisun met closed doors with Samsung Electronics' Vice Chairman Lee Jae-yong to discuss solid-state batteries, interpreted by industry officials as the development of a partnership on electric vehicles (EV).
Chung had just inspected Samsung SDI's plant in Cheonan, South Chungcheong Province, before discussing business with Lee.
Chung and Lee have met several times at official events but never discussed doing business.
According to Hyundai Motor Group official, Chung visited the plant to share his views on the technological direction of solid-state batteries and get updated on cutting-edge technologies.
A Samsung official added that the leaders were briefed about global trends in solid-state batteries and Samsung's current status in developing them.
The two groups were expected to announce a non-binding memorandum of understanding (MOU) on a battery supply deal.
EV batteries are perceived to be one of Samsung's next revenue generators.
In March, Samsung Electronics announced that it had developed a solid-state battery technology that powers EVs for 800 kilometers on a single charge.
Hyundai Motor Group is currently sourcing its EV batteries from LG Chem, while its affiliate Kia Motors gets it from SK Innovation.
LG Chem and a Hyundai Motor Group affiliate, Hyundai Mobis, 49:51 joint venture on EV batteries under the brand name HL Green Power, which sold 1.2 trillion won worth in 2019, up from 757.7 billion won from the previous year.
Hyundai Motor Group also tapped SK Innovation in a 5-year-10 trillion won deal to supply 500,000 batteries for an EV scheduled for release next year.
A battery supply deal with Hyundai and Kia will significantly boost Samsung SDI's global market share, which now stands at 6 percent.
Samsung SDI holds the fourth spot in the first quarter of 2020 among the world's EV battery suppliers.
LG Chem took the number one spot with 27.1 percent, followed by Japan's Panasonic with 25.7 percent, and China's CATL with 17.4 percent.
