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February 09, 2022
SK rises to No. 2 Korean company by assets
...tor Group slipped one slot to third with 250 trillion won of assets, up by 1.6 percent on-year. Samsung kept its top rank with 457.3 trillion won of assets last year. Its assets have inched up in val...er acquiring Intel’s SSD business and Dalian NAND Flash Manufacturing Facility asse...
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February 08, 2022
Samsung’s new gadgets to reuse discarded fishing nets
Samsung Electronics said Monday it plans to reuse discarded fishing nets as a new material for handset devices as part of its sustainability strategy announced earlier this year, According to the South Korean tech giant, the repurposed ocean-bound plastics, also known as “ghos...
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February 08, 2022
Stock assets of chaebol leaders hit hard by Kospi loss
...ion won. With the latest fall, Kakao’s Kim and Seo of Celltrion failed to stay in the “10 trillion club,” a list of chaebol leaders whose stock assets exceed 10 trillion won in value. That leaves Samsung Electronics Vice Chairman Lee Jae-yong, with 13.1 trillion won in sha...
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February 07, 2022
Samsung Electronics may face first labor strike over collapsed wage talks
Samsung Electronics could see its first labor strike in the tech giant’s five decades of history after wage talks with labor unions fell apart. Despite months of back-and-forth deliberation, representatives of the unionized workers filed for an arbitration to Korea’s National...
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February 04, 2022
Samsung, Amdocs team up in US
Samsung Electronics will collaborate with US-based software solutions firm Amdocs to deliver fourth- and fifth-generation private wireless network solutions to boost the connectivity of firms in the United States, according to the company Thursday. The partnership will allow th...
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February 03, 2022
How close are chips to emulating the human brain?
...tional von Neumann architecture for chips and adopt next-generational technology to integrate processors with memory cores within a single chip. According to Choi, Korean memory chip leaders like Samsung Electronics and SK hynix might be facing a “critical opportunity” to b...
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February 03, 2022
Samsung‘s metaverse service My House sees early success
Samsung Electronics said Wednesday its My House world map service, created in collaboration with Naver‘s 3D avatar platform Zepeto, saw cumulative visits quickly surging to over 4 million less than a... reached 4 million in three weeks, the highest amongst Zepeto’s partnered s...
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February 03, 2022
Will supply chain problems affect Galaxy S22 launch?
With just a week to go to Samsung Electronics’ Galaxy Unpacked event, all eyes are on whether the launch of the flagship Galaxy S22 smartphones will be affected by supply chain issues. Recent rumors have suggested that the smartphones succeeding the S21 lineup -- Galaxy S22, S...
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February 02, 2022
LG Energy Solution debuts as Korea’s No. 2 company
...n after hitting 598,000 won, falling short of reaching the daily price ceiling of 780,000 won. But shares on the company’s market debut day put its market value at 118 trillion won, second only to Samsung Electronics. The chip giant has a market cap of 425 trillion won, with ...
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February 02, 2022
Samsung outpaces Intel in chip sales
Samsung Electronics raked in 94.16 trillion won ($78.36 billion) in its semiconductor chip business alone for 2021, up 29 percent from the previous year, the tech giant said at an earnings call Thurs... its shareholders, or about 361 won per common share and 362 won per preferre...
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January 27, 2022
[Korea Chips Act 2] New law to fuel chipmakers’ competition for high school talent
... a law meant to support the local chip industry amid heated competition around the world. -- Ed. To tackle a chronic workforce shortage in the domestic chips industry, Korean semiconductor giants Samsung Electronics and SK hynix have been ramping up efforts to acquire talents...
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January 25, 2022
[Korea Chips Act] Korea sets out own Chips Act, in less ambitious fashion
...1. The new rules are meant to offer state support to the domestic chip industry currently led by Samsung and SK. With the new special law, overseen by the prime minister’s office, Korea is setting ou...erms of economic growth or job creation. Under the new rule, Korea’s large corpor...
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January 25, 2022
Korea sees huge drop in employment in manufacturing industry
...ndustries, the number of employed in the manufacturing industry dropped by 180,000 in 2019 from the corresponding figure in 2015. Such figures are tantamount to the combined number of employees at Samsung Electronics and Hyundai Motor Group as of 2020. Over the same period, o...
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January 24, 2022
Korean tech firms keep eye on possible Russia export curbs
... will pose restrictions on exports to Russia, and the headache that could pose to South Korean electronics giants. The White House National Security Council has informally asked the Semiconductor Ind...ch contain US chips or software and are made by non-US manufacturers, including thos...
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January 21, 2022
Samsung, Vodafone launch first 5G open RAN site in UK
Samsung Electronics said Thursday that the Korean tech giant and UK telecom carrier Vodafone have launched the first fifth-generation open radio access network site in the UK. Supported by Samsung‘s virtualized RAN solutions, Europe’s first scaled commercial open RA...
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January 21, 2022
LG Energy Solution IPO brings record-breaking fees
...e investors without a single share. LG Energy Solution, the nation’s largest battery maker, will debut on the benchmark Kospi on Jan. 27 with a valuation of 70 trillion won, trailing SK hynix and Samsung Electronics –- valued at 91 trillion won and 456 trillion won, respect...
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January 20, 2022
Metaverse scramble exposes Samsung’s software weakness
Samsung Electronics’ obsession for foldable smartphones is drawing market concerns as the South Korean tech giant is missing out on what’s coming next: The metaverse. According to market tracker TrendForce Wednesday, Samsung remained as the No. 1 global smartphone b...
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January 20, 2022
Korea to invest additional W400b in AI chips
... PIM semiconductors are known as next-generation AI chips with higher processing efficiency. The Ministry of Science and ICT said it discussed ways to advance the AI industry with AI experts from Samsung Electronics, LG, SK Telecom, KT, Naver, Kakao and startups in a semiannu...
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January 20, 2022
LG Energy Solution IPO draws record high W114tr in retail bids
...ities and Shinhan Investment. The three account for 91 percent of the bids. With shares selling at 300,000 won apiece, LG Energy Solution would be valued at 70 trillion won, trailing SK hynix and Samsung Electronics, which have market caps of 93 trillion won and 455 trillion ...
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January 19, 2022
Samsung unveils Exynos 2200 mobile processor with AMD’s GPU
Samsung Electronics said Tuesday it has teamed up with California-based chip maker Advanced Micro Devices to unveil its flagship Exynos 2200 processor chips for mobile phones, in a delayed announceme...th its partners,” according to Samsung. Now all eyes are on wheth...
November 26, 2024
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