-
November 14, 2024
Samsung stocks fall to 4-year low
Shares of South Korean tech behemoth Samsung Electronics sank to an over four-year low of under 51,000 won ($36.24) Wednesday, reflecting the clouds cast over the company's chip leadership in the AI ...ntial tariffs on Chinese imports could weigh heavily on local semiconductor companies, ...
-
November 13, 2024
Will Samsung team up with foundry rival TSMC?
Samsung Electronics, the tech giant known for its independence as a manufacturer, made a surprise announcement last month hinting it may outsource a key component of its cutting-edge artificial intel...customers, an idea Samsung Chairman Lee Jae-yong publicly dismissed. "It wou...
-
November 13, 2024
Won hits 2-year low, Kospi crashes past 2,500
... net 333.4 billion won ($236.8 million). Foreign investors and institutional investors sold off a net 230.4 billion won and 109.6 billion won, respectively. With the plunge, the market bellwether Samsung Electronics fell to a 52-week low of 53,000 won, marking a 3.64 percent loss, alon...
-
November 12, 2024
Japan’s JSR to produce advanced chip materials in Korea
...plant, being built under its Korean unit JSR Micro Korea, is set to become operational in 2026 and start supplying its advanced photoresist metal oxide resist (MOR) to Korean chipmakers, including Samsung Electronics and SK hynix. MOR has been rising as a cutting-edge alternative to lo...
-
November 12, 2024
KEF chief, Japanese ambassador vow to bolster economic ties
...nishi, economic counselor at the Japanese Embassy. The meeting included representatives from KEF member companies: Kim Ju-nam, CEO of Hotel Lotte and Lotte Duty Free; Park Seung-hee, president of Samsung Electronics; Rhee Jang-han, chairman of Chong Kun Dang; Choi Hyun-kyu, CEO of Kolm...
-
November 12, 2024
Hyundai’s Atlas robot takes the spotlight as Tesla's Optimus stumbles
...cturing, but the path forward is uncertain. Tesla has announced a potential price range of $20,000 to $30,000 for Optimus, though it has yet to clarify specific industrial applications. Kang from Samsung Securities posited that the market for humanoid robots will only grow if manufactu...
-
November 12, 2024
TCL’s 'QD TVs' face antitrust probe over misleading advertising
...ials that help enhance image quality. Higher-priced QD-incorporated LCD TVs, also branded as “QLED TVs,” are considered premium TVs together with OLED or organic light-emitting diode TVs. Korea’s Samsung and LG are the top two sellers, while TCL has narrowed the gap to secure the No...
-
November 07, 2024
'Trump trade' shakes up markets
...shipbuilder Hanwha Ocean jumped by 21.76 percent to 33,850 won. HD Hyundai Heavy Industries, and Samsung Heavy Industries stocks each surged by around 15 percent and 9 percent, respectively. On the o...m the “Harris trade,” referring to Trump’s rival Kamala Harris, experienced a plu...
-
November 07, 2024
Chipmakers urged to leverage AI edge in tackling uncertainties
...wo factories it is currently building in the US, Park explained. "So the chance would go up for Samsung to bag the rest of the foundry orders that TSMC cannot take," Park said, adding that it will be...its footing in the foundry market where it stands a distant second after TSMC. Risk...
-
November 07, 2024
Korean auto, battery firms buckle up for second Trump term
...the former president’s remarks aimed at curbing the growth of the EV sector, including all-electric cars and batteries, are enough to threaten Hyundai Motor and Kia, as well as LG Energy Solution, Samsung SDI and SK On. The Korean companies in the auto and battery sectors have investe...
-
November 06, 2024
EcoPro HN completes battery materials plant
...e EcoPro HN’s spinoff from EcoPro in 2021, EcoPro had specialized in products that help factories reduce hazardous waste, such as cleanroom chemical filters, supplying them to major companies like Samsung Electronics and HD Hyundai Heavy Industries. “(Today,) we embark on a new journ...
-
November 05, 2024
Bahrain ready for bigger Korean presence
... complexities.” While the event focused on a wide range of opportunities surrounding the island nation, spanning human and natural resources, tourism and more, some Korean business officials from Samsung E&A and LG Electronics' units in the region were in attendance. Samsung
-
November 05, 2024
Global scholars discuss AI’s future at Samsung forum
... the future of AI, semiconductors, and the use of the technology in everyday life at this year's Samsung AI Forum that kicked off Monday. During the two-day event, renowned academics including Turing...acri's participation at Samsung's forum heightens anticipation for further...
-
November 04, 2024
SK hynix unveils 2025 shipment plans for most up-to-date HBM chip
...artnership” with Taiwanese chip giant TSMC to deliver highly competitive products to customers. SK hynix currently holds over 53 percent of the HBM market share, significantly ahead of its rivals Samsung Electronics (38 percent) and US-based chipmaker Micron Technology (9 percent). T...
-
November 03, 2024
Korean battery makers brace for impact of US election
...epublican candidate Donald Trump wins. Korea’s leading battery producers -- LG Energy Solution, Samsung SDI and SK On -- have depended on the Advanced Manufacturing Production Credit under the Biden ...ct for operating profits. According to the quarterly earnings reports of LG Energy...
-
November 01, 2024
Samsung CEO calls for unrivaled technological leadership
Samsung Electronics Vice Chairman and co-CEO Han Jong-hee told employees Friday to fully commit to strengthening their key technological leadership to secure uncompromising quality competitiveness. ... crisis and leap toward a future-oriented business structure to follow the former sloga...
-
November 01, 2024
Samsung’s Luxembourg-listed DRs to transfer to London Stock Exchange
Samsung Electronics’ depositary receipts listed in Luxembourg Stock Exchange are to transfer to the London Stock Exchange, according to the company’s filing on Friday. A depositary receipt is a fina...t’s board of directors' decision to delist the DRs from Luxembourg, the filing showe...
-
October 31, 2024
Samsung vows to boost AI chip sales after earnings miss
Samsung Electronics said Thursday it will focus on producing high-value chips and is ready to supply the cutting-edge AI chips high in demand after announcing disappointing quarterly earnings. The c...dely seen as the key client of the advanced AI chips. The renewed push for AI chips co...
-
October 30, 2024
Sibling leadership made official at Shinsegae
... and its affiliates. Since 2011, Lee, the Shinsegae matriarch and the youngest daughter of late Samsung Group founder Lee Byung-chull, has worked on consolidating the siblings' leadership through sto...l continue to build on their strengths more effectively from now on." Since its sep...
-
October 30, 2024
Samsung SDI-Stellantis JV to start US production in December
Samsung SDI unveiled details on its first electric vehicle battery production in the US in partnership with Stellantis and General Motors during its third-quarter earnings announcement Wednesday. “The joint venture with Stellantis, Starplus Energy, marks Samsung SDI’s first f...
December 21, 2024
