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December 20, 2024
SK hynix secures $458m subsidy for US advanced chip packaging facility
...r major chip manufacturers, including SK hynix, attention now shifts to when the crosstown rival Samsung Electronics will also complete the deal for federal funding of $6.4 billion, as it signed a pre...mponent used with graphic processing units to boost AI processing performance. It ou...
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December 18, 2024
Govt. vows to encourage increased corporate investment
...e for approving the Yongin chip cluster to before the year's end instead of in the first quarter of next year, by streamlining the administrative process. More than 16 leading chipmakers, such as Samsung Electronics, SK hynix and ASML, are expected to operate semiconductor production f...
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December 18, 2024
Samsung to present AI-driven appliances at CES 2025
Samsung Electronics announced Wednesday that it will unveil a new lineup of home appliances powered by artificial intelligence at CES, the world’s largest tech trade show taking place in Las Vegas fr...” solution, which allows users to remotely monitor and control all compatible applian...
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December 17, 2024
Hanmi Semiconductor heir promoted to chairman
...in HBM TC bonding equipment, our competitiveness and market position will remain firm.” Hanmi Semiconductor has been the main supplier of crucial equipment to all three HBM producers -- SK hynix, Samsung Electronics and US-based Micron Technology -- supplying Nvidia. On Monday, Kwak ...
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December 17, 2024
LG Electronics hires Capitol Counsel to strengthen Washington ties
...roposed tariffs pose a threat, given that it is one of the leading electronics appliances suppliers in the US. In 2023, the company captured 19 percent of the US home appliances market share after Samsung Electronics, which took 21 percent share, according to market tracker TraQline. A...
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December 17, 2024
US approves $9.63b loan to SK On, Ford’s battery joint venture
...’ Ultium Cells’ $2.5 billion loan, SK On became the second Korean battery company to get the green light from the ATVM program for its US joint venture. Meanwhile, a $7.5 billion loan approval for Samsung SDI and Stellantis’ Starplus Energy remains pending. The Energy Department’s ...
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December 16, 2024
Korean execs targeted in impersonation scams
...rtainers, popular YouTubers and other powerful figures. In 2020, an Instagram account posing as Samsung Electronics Chairman Lee Jae-yong attracted over 450,000 followers before it was deleted in Jan...year. Before shutting down, the account was labeled as a ‘fan page,’ but contained...
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December 16, 2024
Micron reaches out to Korean talent in chip race against Samsung, SK
...-the-spot hiring opportunities and attractive benefits packages. In response, Korean chipmakers Samsung Electronics and SK hynix are also ramping up their efforts, forging partnerships with overseas ...eches to appeal to young talent. Micron, the world’s third-largest DRAM memory chi...
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December 16, 2024
After impeachment vote, companies shift to tackling Trump-era challenges
...-trade partners. In response, Hyundai Motor Group and battery firms like LG Energy Solution and Samsung SDI have aggressively invested in the US by building manufacturing facilities. However, if Trum... CHIPS and Science Act, which incentivizes chipmakers to set up manufacturing plants...
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December 13, 2024
Samsung teams up with Google, Qualcomm for XR comeback
Samsung Electronics plans to launch its extended reality headset next year, developed in collaboration with US tech giants Google and Qualcomm Technologies. The launch is expected to intensify compet...pus, Google introduced Android XR, a new operating system designed for extended reality...
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December 13, 2024
Two Korean business leaders make Forbes list of 'most powerful women'
...any, and noted her estimated personal wealth of $2.4 billion. Forbes noted that Lee is often called "little Kun-hee" by the local press for her business acumen, as the eldest daughter of the late Samsung Chairman Lee Kun-hee. The list also highlighted her family's influence, mentionin...
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December 13, 2024
Samsung to deploy first Open RAN in Latin America
Samsung Electronics is set to participate in the first-ever project to deploy an Open Radio Access Network in Latin America by teaming up with US-based telecom giant Liberty Latin America. The Korea...ns for the commercial Open RAN network in Puerto Rico, according to industry sources on...
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December 12, 2024
Diverging exec shakeups: Samsung backs veterans; Hyundai rings changes
Year-end executive reshuffles often serve as a barometer of a company’s present challenges and future ambitions. This year, Samsung Electronics and Hyundai Motor Group, two of South Korea's leading chaebol, unveiled contrasting leadership strategies to navigate the challenges of 2025. O...
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December 11, 2024
Korea, US biz leaders call for easing trade barriers
... Korea, according to the FKI. It included executives from the big four chaebol groups, including Samsung, SK Hyundai Motor and LG. Key South Korean representatives included Hanjin Group Chairman Walt...hairman Sung Rae-eun, HS Hyosung Vice Chairman Cho Hyun-sang, LG Chem Vice Chair Shi...
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December 10, 2024
Samsung, SK’s investment blitz in US hit by soaring won-dollar rate
...se in the won-dollar exchange rate is deepening concerns among the nation’s top two chipmakers – Samsung Electronics and SK hynix – as they face snowballing financial burdens in their massive facility...es, the unfavorable currency rate could delay the planned construction of new chi...
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December 10, 2024
Corporate Korea braces for 2025 amid political turmoil
...aring for their business strategies for the coming year. The big four chaebol groups, including Samsung, SK, Hyundai Motor and LG, are set to hold strategy meetings to finalize their plans for 2024. ...ompanies can directly take action, they have no choice but to monitor and respond ac...
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December 10, 2024
Kospi hits annual low, won extends losses
...nce April 24, 2020, when it reached a mid-session low of 629.12. All sectors of the Kospi declined, with the top 10 market-cap stocks losing value, except for SK hynix. Notable decliners included Samsung Electronics (-1.29 percent), Kia (-2.95 percent), Celltrion (-2.78 percent) and KB...
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December 09, 2024
Korea, Indonesia strengthen partnership in general insurance
...e, growing economy, as well as plans for mandatory vehicle insurance, Indonesia is seen as a key emerging insurance market. Currently, six South Korean general insurers, including subsidiaries of Samsung Group, DB Group, Meritz Financial Group, KB Financial Group and Hanwha Group, are ...
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December 09, 2024
Cheaper Chinese chips hamper profit outlook for Samsung, SK hynix
...der DRAM chips plunging more than 30 percent, market analysts lowered the earnings prospects for Samsung Electronics and SK hynix, the world's top two memory chip makers. According to DRAMeXchange on... pricing strategies from the Chinese rivals, market analysts have lowered earnings p...
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December 09, 2024
Chinese battery makers gobble up Korean shares
The competitiveness of Korean battery makers -- LG Energy Solution, Samsung SDI and SK On -- continues to be threatened by the seemingly unceasing growth of Chinese rivals, a global electric vehicle ...ent of the total share while ranking third behind Chinese battery makers CATL and BYD. ...
December 21, 2024
