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June 02, 2022
[Market Eye] Qualcomm reignites Arm consortium talks, SK hynix alliance
...ess relationship between SK hynix and Qualcomm. In January, Park and Amon met at the Consumer Electronics Show 2022 in Las Vegas in closed-door talks. SK hynix said in a January statement that the t... to jointly invest in the field of fifth-generational network. Meanwhile, Intel’s ...
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June 02, 2022
Army of service robots rolling in to replace high-cost labor in Korea
Samsung Electronics is set to launch its first robot product in August -- a wearable medical robot called Gait Enhancing & Motivating System. Its name will be Fitsam, according to the patent that Samsung has registered with the Korean Intellectual Property Office. The ...
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June 02, 2022
Lee Jae-yong shows up at Ho-Am Award in 6 years
Samsung Electronics Vice Chairman Lee Jae-yong on Tuesday showed up to participate in the Samsung Ho-Am Prize award ceremony for the first time in six years, but stayed mum on questions about his meeting with Intel’s CEO from the previous day. A group of reporters as...
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June 02, 2022
Companies join forces in Busan’s World Expo bid
...ber of Commerce and Industry, leads the committee, while top executives of 11 conglomerates are joining to add weight to the bid from South Korea’s second-largest city. The 11 businesses include: Samsung Electronics, Hyundai Motor, SK, LG, Lotte, Posco, Hanwha, GS, Hyundai H...
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May 31, 2022
Samsung, Intel chiefs meet in Seoul for chip collaboration
Samsung Electronics Vice Chairman and de facto leader Lee Jae-yong met Intel CEO Pat Gelsinger, the company said Monday, raising expectations over a possible collaboration amid an intensifying race f...Also attending the meeting were Samsung executives including co-CEO...
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May 31, 2022
Are ‘Samsung plant,’ ‘Apple branch’ empty promises?
...are closely linked to new growth drivers of big businesses. The most frequently cited names are Samsung and SK, the nation’s No. 1 and No. 2 conglomerates that plan to invest 450 trillion won and 247... change immediately.” Even though she didn’t specify names, it was obvious she w...
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May 31, 2022
Korea to double chip talent
...ngthening graduate programs at major science institutes across the country, the Ministry of Science and ICT said Monday. Science Minister Lee Jong-ho met with industry leaders including chiefs of Samsung Electronics and SK hynix as well as the presidents of four major science...
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May 31, 2022
Samsung Display to fully exit from LCD TV panel business in June
Samsung Display, the display making arm of Samsung Electronics, is poised to fully shut down its unprofitable liquid crystal display panel business for televisions in June, after over 30 years of ope... that Samsung’s LCD TV panel exit has long been anticipa...
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May 27, 2022
LG to spend W106tr on battery, biotech, AI
... and securing infrastructure of the nation’s fourth-largest conglomerate dedicated to consumer electronics, battery, chemical and communications. Of the total investment pledge, 48 trillion won will g...arting Monday to discuss a long-term direction. This week, major Korean conglomera...
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May 26, 2022
Samsung teams up with Red Hat for memory software development
Samsung Electronics said Wednesday it has partnered with US software company Red Hat to develop software technologies for next-generation memory solutions, as the industry is anticipating the birth o... and runs the world’s second-largest foundry business by capacity. Along wi...
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May 25, 2022
Samsung unveils largest-ever W450tr investment for chip supremacy
South Korea’s largest conglomerate Samsung announced Tuesday plans to invest a combined 450 trillion won ($355.8 billion) and create some 1 million jobs in Korea over the course of five years -- the ...ent, 360 trillion won will go to South Korea, according to the company. The group’s ...
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May 25, 2022
Chaebol groups, startups join hands to reshape corporate culture
...arry out joint and individual projects to create more jobs and tackle other social issues such as climate change. A total of 76 entrepreneurs, including Hyundai Motor Group Chairman Chung Euisun, Samsung Electronics President Lee In-yong and SK Group’s Supex Council social v...
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May 24, 2022
Samsung seeks foundry supremacy with 3nm chips
...y moments of last week’s summit talks between South Korean President Yoon Suk-yeol and US President Joe Biden was the two signing a semiconductor wafer, not a visitors’ book, during their visit to Samsung Electronics’ chip manufacturing complex in Pyeongtaek, Gyeonggi Provi...
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May 22, 2022
Biden to meet Hyundai Motor chief on new investment plan
... nations, Biden is increasingly making overtures to South Korea, a powerhouse of essential goods such as chips, batteries and EVs. Upon arrival on Friday, he is expected to be heading directly to Samsung Electronics’ chip-manufacturing complex in Pyeongtaek, Gyeonggi Provinc...
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May 19, 2022
Biden picks Samsung chip complex to start his Seoul visit
US President Joe Biden is expected to start his three-day state visit this week with a tour of Samsung Electronics’ chip complex, according to industry sources on Wednesday. Biden will arrive in Seoul on Friday for summit talks with President Yoon Suk-yeol on Saturday. Upon hi...
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May 18, 2022
Ex-employees of Samsung chip vendor indicted in tech theft case
Two former employees of Semes, a Samsung Electronics subsidiary and key semiconductor chip-related equipment supplier, have been indicted for their alleged involvement in technology theft. The two former Semes staffers were allegedly involved in selling crucial wafer cleaning m...
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May 16, 2022
Samsung says 6G critical XR, hologram, digital replica
...ean progress to build a faster wireless network globally has peaked. In order to offer users a full-fledged immersive experience, 6G will inevitably replace 5G networks, experts said in the first Samsung 6G Forum hosted virtually by tech giant Samsung Electronics Fr...
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May 11, 2022
Kospi dips below 2,600 amid stagflation fears
...ty-wide COVID-19 lockdown, “Investors have doubts over whether the US Fed could really curb inflation,” said Lee Kyung-min, an analyst at Daishin Securities. Major tech and internet stocks, like Samsung Electronics, LG Energy Solution and Kakao, saw shares slide along with...
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May 11, 2022
Samsung retakes Indian market No. 1 with S22 Ultra
Samsung Electronics has reclaimed the No.1 spot by monthly sales in India, buoyed by the return of its Galaxy Note successor Galaxy S22 Ultra, a phablet with built-in stylus S Pen support, data showe.... Samsung’s premium smartphone lineup ranges from S22 Ultra to Z ...
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May 11, 2022
With conservative leader taking office, big 4 chaebol groups ready to spend big
...rnment and to push for growth and a market economy. And South Korea’s top four chaebol groups -- Samsung, SK, Hyundai Motor and LG -- seem ready to fuel momentum. During his presidential campaign, Yo...ung, the largest, is expected to play a leading role both in spending and jobs. It...
November 26, 2024
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