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August 02, 2024
LG Display picks CSOT as preferred bidder for Chinese LCD plant
... BOE, are said to have offered bids for the LG plant. Though each showed significant interest in the Guangzhou plant, CSOT was reportedly chosen due to offering a more favorable acquisition price. In 2021, CSOT also acquired Samsung Display's LCD plant in Suzhou, along with related tec...
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August 01, 2024
Samsung unveils 1 terabyte microSD storage cards
Samsung Electronics, the world’s largest memory chip maker, said Thursday it has launched two types of 1 terabyte high-capacity microSD cards: Pro Plus and Evo Plus. These new products incorporate t... SSDs to be implemented in the compact form factor of a microSD card, with enhanced du...
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August 01, 2024
Samsung, LG's electric auto parts sales soar despite EV slump
On a similar winning streak, LG Electronics' automotive electric parts business is thriving, driven by a stable portfolio and strong order volume from electric and traditional vehicles. In the second quarter, its Vehicle Component Solutions division, which handles automotive electric parts, reporte...
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August 01, 2024
Samsung labor union demands chief step in
Samsung Electronics’ labor union on Thursday protested in front of Chairman Lee Jae-yong’s residence in Seoul, calling on the Samsung chief to step in over their stalled wage talks with the government. The National Samsung Electronics Union, which accounts for about...
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July 31, 2024
Samsung projects 15-fold surge in Q2 earnings on AI chip boom
Samsung Electronics said on Wednesday it will continue its earnings growth by expanding sales of the high-performance high bandwidth memory chip in the second half, particularly the fifth-generation ...e there are no disruptions to management and production,” a Samsung official...
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July 31, 2024
Samsung SDI, LG Energy Soluton get closer to 46-series battery mass-production
Samsung SDI and LG Energy Solution are nearing mass production of the next-generation 46-series cylindrical battery, which is anticipated to be the next generation in battery technology. Samsung SDI is accelerating its timeline, aiming to start mass production of the 46-series ...
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July 30, 2024
[Business Diplomacy] As Trump targets EVs, Hyundai-Kia shifts gears to hybrids
...ave accumulated more than 600 billion won in losses last year alone without the IRA tax credits. Samsung SDI also saw AMPC revenue of 46.7 billion won for the first time in the first quarter after con...ial Trump administration. “The three Korean battery companies -- LG Energy Solutio...
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July 30, 2024
SK hynix to mass-produce GDDR7 DRAM chip in Q3
...l continue to work towards enhancing our position as the most trusted AI memory solution provider by strengthening the premium memory lineup further," Lee said. Along with SK hynix, its archrival Samsung Electronics and US-based Micron Technology are fiercely competing in the graphics ...
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July 30, 2024
[KH explains] Hanwha scion steps into spotlight amid pending succession
... Management, Hanwha Investment & Securities, Hanwha Life Financial Service and Carrot General Insurance. Hanwha Life is one of the top three life insurance carriers here, along with Kyobo Life and Samsung Life. Born in 1985, Dong-won majored in East Asian Studies at Yale University. In...
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July 28, 2024
Samsung chief boosts global ties at Paris Olympics
Samsung Electronics Chairman Lee Jae-yong has embarked on a business trip to Paris to leverage the 2024 Paris Olympics to strengthen ties with key global business partners, political figures and spor... are expected to enhance strategic partnerships, paving the way for mid- to long-term g...
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July 28, 2024
[KH explains] How will Samsung’s 'No. 1 strategy' work for HBM leadership?
The red-hot HBM or High Bandwidth Memory chip is becoming a headache for Samsung Electronics, the world’s No. 1 memory chip maker, as it is running months behind its crosstown rival SK hynix to suppl..."SK hynix has been providing the HBM3 from 2022, and has a high understanding of Nvidi...
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July 28, 2024
Korea should seek out resource opportunities in Mongolia, experts say
...ough it is a relatively smaller trading partner for Korea, Jung said it was a mistake that Asia’s fourth-largest economy had not engaged more actively with Mongolia. "It is not about selling more Samsung Galaxy smartphones, but whether we can secure the resources needed to manufacture...
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July 26, 2024
Samsung may supply advanced image sensors for Apple: analyst
Samsung Electronics may supply its advanced camera sensors for Apple, ending Sony’s longstanding rein as an exclusive supplier to the global tech giant, according to a supply chain analyst. According to Ming-Chi Kuo, a supply chain analyst at TF International Securities, Samsung
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July 25, 2024
[Herald Interview] 'Lamborghini will always have steering wheel'
... a very small portion of the global total of 75 million vehicle deliveries per year, pointing out that exclusivity is part of the luxury world. Korean companies -- Hankook Tire and Technology and Samsung SDI -- have partnerships with Lamborghini as the former provides tires for the Ita...
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July 25, 2024
Samsung Biologics' H1 earnings hit W2tr for first time
Leading global contract development and manufacturing organization Samsung Biologics announced Wednesday that its earnings for the first half of this year reached an all-time high, surpassing 2 trill... its three plants and the ramp-up of the newest Plant 4 operations, as analyzed by the ...
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July 24, 2024
Shareholder activism in Korea ‘partial success’: SquareWell
...nd with assets over 1,000 trillion won ($721 billion) under management, is a blockholder for many listed companies here. A group of activist funds launched a campaign earlier this year, demanding Samsung C&T, a de facto holding unit of the country’s most influential conglomerate ...
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July 23, 2024
Samsung's Galaxy series to feature enhanced gaming experience with Krafton's 'Dark and Darker Mobile'
Samsung Electronics and Krafton have partnered to optimize the forthcoming game "Dark and Darker Mobile" for the latest Galaxy series, set to be installed next month, according to the tech giant on T...ing the game," said Kim Jung-woo, System Platform R&D Group of the Mobile eXperience Bu...
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July 23, 2024
Samsung Electro-Mechanics to supply advanced substrates for AMD processors
Samsung Electro-Mechanics, the electronic parts manufacturing affiliate of Samsung Electronics, announced Monday that it would supply high-performance substrates for hyper-scale data centers to AMD, the US chip design firm. According to the company, the flip chip ball grid arra...
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July 22, 2024
Biden's withdrawal sparks mixed outlook for Kospi
... The Kospi shed 1.14 percent to close at 2763.51 points, marking four consecutive sessions of losses since hitting 2866.09 points on July 16. Secondary battery stocks such as LG Energy Solution, Samsung SDI, LG Chem and Posco Holdings lost 4.92 percent, 4.2 percent, 4.05 percent and 2...
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July 22, 2024
Goldman Sachs appoints veteran dealmaker to head Korea IB
...e than $4.7 billion since 1999. In April, the firm advised MBK Partners in its successful $1.4 billion acquisition of Geo-Young, Korea’s largest wholesale distributor of pharmaceutical drug products. It led the $365 million Nasdaq initial public offering of Naver’s Webtoon last month and the $...
December 22, 2024
