SEOUL, April 24 (Reuters) - South Korean memory chipmaker SK Hynix plans to invest 5.3 trillion won ($3.86 billion) to build a chip factory for a new dynamic random access memory (DRAM) chip production base in South Korea, it said on Wednesday. The Nvidia ( NVDA ) supplier plans to start construction at the chip factory, called M15X, at the...

BASEL, Switzerland (Reuters) -UBS executives on Wednesday told shareholders that the bank has major concerns about the Swiss government's recently announced plan to hit the country's largest lender with tougher capital requirements. We are seriously concerned about some of the discussions related to additional capital requirements, UBS Chairman Colm Kelleher said at the bank's annual general meeting in Basel. Additional...

TAIPEI, April 24 (Reuters) - Taiwanese chipmaker UMC said on Wednesday it expected a rise in wafer shipments in the second quarter as inventory levels for computing, consumer and communications segments improved, but warned of muted auto and industrial demand. WHY IT'S IMPORTANT Investors have been on edge about chip demand after UMC's much larger peer TSMC shocked the market...

April 24 (Reuters) - About 3.6 million overweight or obese patients with heart conditions insured under the U.S. Medicare program could be eligible for coverage of Novo Nordisk's weight-loss drug Wegovy, a study published by Kaiser Family Foundation (KFF) showed on Wednesday. WHY IT'S IMPORTANT Wegovy was approved by the U.S. health regulator last month for lowering the risk of...