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June 05, 2024
Undervalued no more: Jusung Engineering to spin off chip business
...pany's leading technologies is Atomic Layer Deposition technology, which the company supplies to Samsung Electronics and SK hynix, the world's top two memory chip makers. Last year, the company achie...et." Eun-seok earned a doctorate in material science at Seoul National University a...
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June 04, 2024
[Bio USA] Samsung Biologics unveils new platform at Bio USA
Samsung Biologics anticipates that S-Tensify will enhance its contract development services by transitioning from traditional Fed-Batch culture methods to high-concentration culture methods with improved productivity. Additionally, Samsung Biologics also launched a rebranded se...
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June 03, 2024
Samsung out to reclaim foldable crown
Competition in the growing foldable smartphone market is set to get fiercer. Samsung Electronics is out to regain market leadership with a new foldable phone series next month, while Chinese rivals ...cial said, "There's nothing to comment on.” In an unexpected twist in the industry, H...
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June 03, 2024
Korea bets big on gas, oil prospects in East Sea
...commercial production of the gas field between 2004 and 2010, posting a revenue of 2.6 trillion during the period. For the maximum value of the deposit, Ahn said it could be worth over five times Samsung Electronics’ market capitalization, which equaled 454 trillion won as of 2 p.m. M...
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June 02, 2024
Korean biotech firms seek to shine at Bio USA amid China’s boycott
...t up exhibition booths, including major contract development manufacturing organizations such as Samsung Biologics, Celltrion, SK Bioscience and Lotte Biologics. San Diego is one of the US' top three...ug development, joint research and licensing, leading to more two-way communication,...
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June 02, 2024
Chubb unites Korean insurance arms under 'Lina' brand
... General Insurance said. Ace American Fire and Marine Insurance Company Korea has been struggling to expand its presence in South Korea, where four major insurers run by Korean conglomerates like Samsung, Hyundai, KB and DB control 70 percent of the market. On Thursday, Lina Life also...
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June 02, 2024
Hanwha makes Time's top 100 most influential companies list
...ldwide in 2021 with nominations and polls from its global network of contributors, correspondents and outside experts and the editors' evaluation. In the case of Korean firms, industry leaders -- Samsung, SK, Hyundai Motor and Hybe -- as well as up-and-coming players such as the Pinkfo...
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May 30, 2024
Gyeonggi governor urges sweeping changes to survive uncertainties
...” Kim said. According to him, Gyeonggi Province alone was ranked as the 35th largest economy in the world last year, whereas South Korea was ranked 17th. Home to massive semiconductor clusters of Samsung Electronics and SK hynix, the world’s top two memory chip makers, the province c...
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May 30, 2024
Samsung's new semiconductor chief urges collective efforts to stay atop
Jun Young-hyun, the new head of Samsung Electronics’ semiconductor business, called Thursday for unity among management and employees to retain its leadership in the ever-evolving chip industry. “Samsung’s semiconductor business has 50 years of history and has maintained the...
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May 29, 2024
Samsung Electronics union declares first-ever strike
Unionized workers of Samsung Electronics said Wednesday that they will go on strike on June 7 after failed wage talks with the management -- the first-ever strike in the tech giant’s five decades of ...e, as the breakdown in negotiations between Samsung Electronics' labor and m...
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May 29, 2024
UAE president, Hyundai Motor chief discuss green mobility partnerships in Seoul
...e mobility during Al Nahyan's visit to Korea this week. The UAE President's visit, his first to South Korea, also included meetings with leaders of other major South Korean conglomerates, such as Samsung Electronics' Lee Jae-yong and SK Group's Chey Tae-won. These discussions preceded ...
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May 27, 2024
Samsung Biologics to attend 2024 BIO International Convention next week
Samsung Biologics, one of the world’s largest contract and manufacturing organizations, said Monday that it will be participating in the upcoming 2024 BIO International Convention, the biopharmaceuti...ompanies joining from around the world. Taking part in the event for the 12th consecu...
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May 24, 2024
Samsung denies report on HBM chips failing Nvidia tests
Samsung Electronics, the world's No. 1 memory chipmaker, on Friday denied a report that its high bandwidth memory chips had yet to pass Nvidia's tests for use in the US chip giant's AI processors. Samsung said testing for HBM supply is progressing "smoothly" with various global...
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May 23, 2024
South Korea unveils W26tr support program for chip industry
...direct subsidies. Chip subsidy programs are widespread among countries with powerful chip industries such as the US, EU and Japan. But in Korea, home to the world’s two largest memory chipmakers, Samsung Electronics and SK hynix, current government support leans more towards granting ...
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May 22, 2024
Global leaders vow to promote safe, inclusive AI at Seoul summit
...ves from international organizations such as the United Nations and the Organization for Economic Co-operation and Development. Eleven entities from the private sector, including Google DeepMind, Samsung Electronics, Korean top portal operator Naver, OpenAI, Amazon Web Services and Met...
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May 22, 2024
Battery makers' output slows on waning EV demand
...the same period last year. Similarly, SK On’s rate dropped from 96.1 percent to 69.5 percent. A Samsung SDI official said that the company does not disclose its overall utilization rate. Profitabili... by 75.2 percent, from 633.2 billion won ($465 million) to 157.3 billion won year-o...
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May 21, 2024
Samsung replaces semiconductor chief amid heightened AI race
Samsung Electronics said Tuesday it has appointed Jun Young-hyun as the new head of its semiconductor business in an apparent move to strengthen its market position amid fiercer competition in burgeo...ence, Kyung admitted that SK hynix beat Samsung in the HBM sector and stresse...
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May 19, 2024
Samsung eyes W1tr in sales of pricey capacitors for cars
Samsung-Electro Mechanics, a leading electronic parts maker affiliated with Samsung Electronics, has set a sales goal of 1 trillion won ($736 million) for its flagship Multi-Layer Ceramic Capacitor or MLCC products this year, strategically targeting the automotive sector. "Leve...
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May 19, 2024
Samsung expected to introduce new Exynos processor in next Galaxy series
Samsung Electronics is expected to introduce its new flagship Exynos 2500 mobile processor made with its cutting-edge 3-nanometer process, in the upcoming Galaxy S25 smartphone lineup, according to industry sources on Friday. The envisioned chipset, which will be produced on Samsung...
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May 17, 2024
Korean firms target EV charging market in US
...The main products at the California plant will be the 180 kilowatt fast chargers and 400 kW superfast chargers that the company unveiled at CES 2024 in Las Vegas in January. Lotte Innovate picked Samsung C&T as its business partner in North America. Samsung C&T will be in cha...
December 22, 2024
