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May 26, 2022
Samsung SDI, Stellantis to build $2.5b battery plant in Indiana
South Korean battery maker Samsung SDI said Wednesday it is building its first US plant in the state of Indiana along with its joint venture partner Stellantis, joining its crosstown rivals to secure...million investment being poured in phases. According to a regulatory filing earlier in...
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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 ...he controversial merger of Samsung’s de facto holding company Samsung<...
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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 value commi...
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May 24, 2022
Samsung seeks foundry supremacy with 3nm chips
...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 Province, Friday. It was the f...e, TSMC took up 52.1 percent of the global foundry market in the fourth quarter la...
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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 Province, some 70...
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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 Seo...uk-yeol on Saturday. Upon his arrival at the Osan Air Base, he is reportedly heading d...
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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 f...ill take a few more weeks to complete the investigation.” The machines are considered...
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May 17, 2022
Corporate Korea gears up for Biden’s state visit
...ecretary Gina Raimondo jointly presiding over the event. The nation’s top five conglomerates -– Samsung, SK, Hyundai Motor, LG and Lotte -– and several others like defense and energy specialist Hanwh... and batteries where Biden aims to reshape his country’s supply chain strategy. ...
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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 Friday. Giv...
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May 16, 2022
What’s behind Hyundai Motor‘s $7b EV plant plan in US?
...o parts. “Having the EV value chain in one place, especially supply of batteries, will make it easier for Hyundai to increase the volume of its auto production,” said Lim Eun-young, an analyst at Samsung Securities. “Hyundai is also trying to appeal to the US government, which is pu...
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May 13, 2022
Korea needs more digital solution providers, CJ tech chief says
...one-1,500th of US tech behemoth Microsoft, he added. IT subsidiaries of conglomerates including Samsung and LG, and tech giants like Naver and Kakao have the capacity to provide support. But they are...commission on policy planning. Before joining the company, he headed a tech insight ...
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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 banking s...
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May 11, 2022
Geely’s stake buy in Renault Korea seen as official Korean market entry
...automotive group. With an above-30 percent share in the Korean carmaker, which recently dropped “Samsung” from its name upon termination of its contract with the firm, Geely Auto will be the second la...ault Group has an 80.1 percent share in Renault Korea Motors. The second largest s...
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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 Fold in In...
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May 11, 2022
Samsung upgrades CXL-based memory expander built for future computing
...ps will begin with customers and partners for joint evaluation and testing in the third quarter. Samsung’s partners for the CXL initiative include Lenovo and Montage. This is a step up for the compan...nd chipset makers to develop next-generation interface technology by forming the CX...
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May 11, 2022
Samsung C&T partners with NuScale to enter global SMR market
Samsung C&T Corp., the construction unit of Samsung Group, has partnered with NuScale, the leading small modular reactor (SMR) technology provider, to expand its SMR business into the global market. Samsung C&T CEO Oh Se-chul and NuScale CEO John Hopkins gathered at t...
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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...ith the Pyeongtaek complex at home, the US plant is expected to become a new major ...
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May 09, 2022
[Market Eye] Could Lee Jae-yong’s return revitalize Samsung?
Even as it reported record revenue over the last three quarters, shares in Samsung Electronics have fallen over the past year, indicating weak market confidence in the tech giant’s prospects as infla... activities for Samsung while he is on parole.” According to Park, the lac...
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May 08, 2022
AmCham Korea chairman offers tips for expanding business in US
...unds and ecosystems. “In Korea, the largest (share,) 17 percent of the country’s GDP comes from Samsung, while in the US, the largest 2.6 percent comes from retail chain Walmart. This shows how highl...time when the K-wave is blooming.” Also giving an example of South Korea’s top ...
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May 08, 2022
Lotte trademarks Lotte Biologics in new bio push
...ding the reports on Lotte’s rumored buyout of a bio factory in the United States, the official said no decisions have been made at the moment. Last year, Lotte scouted Lee Won-jik, former head of Samsung Biologics’ drug product business unit. Lee is currently the head of the second n...
December 25, 2024
