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March 28, 2023
[Herald Interview] Rebellions aims to be 'next Samsung' in AI chips
...se GPUs.” Rebellions plans to start mass-producing the ATOM chip within the first quarter using Samsung’s 5-nanometer technology for its adoption for KT’s upcoming hyperscale AI model Mideum, which i...ar to introduce a bigger capacity AI chip,” Park said. “Our ultimate goal is to...
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March 27, 2023
Samsung chief travels to China first time in 3 years, meets with key officials
Samsung Electronics Chairman Lee Jae-yong is making the most out of his first trip to China in three years, inspecting the affiliates’ production facilities, meeting with key Chinese officials and at...gional corporate heads of Samsung affiliates in Tianjin -- Samsung...
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March 26, 2023
Samsung chairman arrives in Beijing to attend China business summit
Samsung Electronics Executive Chairman Lee Jae-yong on Thursday arrived in Beijing to attend a high-profile corporate summit this weekend, according to industry sources Friday. It is the first time in three years for the de facto leader of Samsung Group to visit China, where th...
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March 24, 2023
[Herald Interview] Rolls-Royce’s 1st EV Spectre to make Asia debut in Korea
...lls-Royce,” he said. According to Rolls-Royce, the company currently has been working with the BMW Group for developing battery technology, which gets batteries for electric vehicles from Korea’s Samsung SDI and China’s CATL. The carmaker did not specify which company’s battery the...
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March 23, 2023
Korea, Japan to expedite trade talks after summit
...ation between high-tech manufacturing companies in Korea, such as semiconductors, and Japanese materials, parts and equipment companies. “For Japanese companies that supply parts and equipment to Samsung Electronics and SK hynix, the advantages of geographical proximity in terms of te...
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March 23, 2023
Samsung, SK breathe tentative sigh of relief over US chip subsidy rules
...xpansion of production capacity in China. Home to two of the world's largest memory chipmakers, Samsung Electronics and SK hynix, Korea's chip industry is somewhat relieved that the guardrail statute...onstructing new or expanding existing advanced technology facilities in those countr...
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March 23, 2023
Samsung Group celebrates low-key 85th anniversary
South Korea's largest conglomerate, Samsung Group, on Wednesday marked the 85th anniversary of its founding in a low-key manner. It is the first year that the big day has been celebrated following de...filiates, including Samsung Securities, Samsung Life Insurance,
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March 22, 2023
Posco Future M to build W400b battery materials plant in Pohang
... in Pohang, North Gyeongsang Province, after landing a 40 trillion won ($30.6 billion) deal with Samsung SDI earlier this year. During a shareholders meeting Monday, the company decided to build a 39...A plant in Pohang starts operation, the company’s Gwangyang plant will be providing...
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March 22, 2023
Apple Pay makes Korean debut after 10-year wait
..., the sources said. What's more, at present, almost 80 percent of smartphone users in Korea use Samsung or Android phones and iPhone users make up less than 20 percent. Apple Pay made its debut in 2...has long been delayed. Over the years, its archrival Samsung Electronics’...
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March 22, 2023
Samsung CEO hints at buyout of Rainbow Robotics
Samsung Electronics Vice Chairman and co-CEO Han Jong-hee said Tuesday that the tech giant was in talks to secure a greater stake in Rainbow Robotics, a local humanoid robotics company, in an apparen...e to ramp up its presence in the burgeoning robotics market. At a press event held to ...
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March 21, 2023
Samsung opens AI startup incubator in Gwangju
...Korean government’s goal to develop Gwangju into a global artificial intelligence-centered city, Samsung has chosen five local startups centering on related business for the first year of its new camp...d. “We believe that new innovation is possible when startups’ innovation and dyn...
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March 21, 2023
[Herald Interview] Indiana lures Korean businesses with skilled workforce, hefty incentives
...thering, as part of a US delegation consisting of representatives from eight states, including those that have production facilities by the nation’s top three battery makers -- LG Energy Solution, Samsung SDI and SK On. The other states that are in the delegation are Ohio, Michigan, Te...
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March 20, 2023
Samsung, SK hynix likely to suffer deficit in Q1 chip business
South Korea's leading semiconductor makers, Samsung Electronics and SK hynix, are likely to post deficits of billions of won in the first quarter of this year amid weakening memory chip prices and hi...ms are accumulated substantial amounts of inventory and slowing consumer spending. Acc...
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March 19, 2023
Samsung Biologics to invest W2tr for 5th plant
Samsung Biologics said Friday it is investing 2 trillion won ($1.5 billion) to build its fifth production plant as part of efforts to meet market demands and bolster its manufacturing competitiveness...ing the shareholders meeting. “The investment is expected to be reduced from the sixt...
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March 19, 2023
HD Hyundai builds industrial alliance for carbon neutrality
...South Korea’s HD Hyundai, the world’s largest shipbuilding group, said Friday it is forming the industry’s first alliance for carbon neutrality along with Daewoo Shipbuilding & Marine Engineering, Samsung Heavy Industries, the American Bureau of Shipping and the Korean Register of Sh...
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March 17, 2023
Samsung ups stake in Rainbow Robotics
Samsung Electronics has purchased more shares in Rainbow Robotics, a local humanoid robotics company, in an apparent move to ramp up its presence in the burgeoning robotics market. In a regulatory f...Jun-ho and other special interest groups sold their combined 4.8 percent stake in the c...
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March 17, 2023
Korea, Japan biz groups to create future partnership fund
...as Korean business tycoons are visiting Japan for a roundtable with Japanese business moguls. The FKI and Keidanren organized the Korea-Japan business roundtable for Friday. According to the FKI, Samsung Electronics Executive Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, Hyund...
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March 16, 2023
Samsung to spend W60tr for balanced growth in rural areas
Since Lee Jae-yong was crowned Samsung Electronics’ new executive chairman in October last year, the de facto leader has visited the group’s manufacturing facilities across regions, starting with Gwa...stence” by creating a healthy ecosystem. In addition to the investment of over 60 t...
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March 16, 2023
Fundamentals in focus as Samsung CEO signals continued investment
Separately, at this year's venue, Samsung set up an eco-friendly store selling merchandise made from recycled materials, and installed photo booths to add fun for attendees. Many shareholders were also seen attending with their young children. “I came with my son to show what a shareho...
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March 15, 2023
S. Korea, Dutch trade ministers pledge to bolster ties on chips
...ast year between Dutch Prime Minister Mark Rutte and South Korean President Yoon Suk Yeol. Advocating for the country’s semiconductor industry -- led by the world’s two largest memory chip makers Samsung Electronics and SK hynix -- Ahn asked for close consultation to minimize damage ...
December 24, 2024
