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South Korean president backs semiconductor mega cluster investment 

The South Korean government has announced its support for plans to develop a new semiconductor production cluster just outside Seoul, as the country attempts to consolidate its chip production efforts. The cluster, which will be built across 21 million square metres of land, is expected to create 3 million jobs over the next twenty years, according to a report from the Yonhap news agency.  

BT sees profit rise in half-year results 

BT, Britain’s largest broadband and mobile provider, has today published its half-year results, revealing revenues of £10.4 billion and profits of over £1 billion. 

Adjusted EBITDA rose 6% to £4.1 billion (up 4% on a pro forma basis), and profit before tax increased 29 % to £1.1 billion.

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