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February 07, 2022
Samsung SDI to recall modules for Ford, Stellantis EVs
Samsung SDI will voluntarily recall 1,163 battery modules inside some 100 Ford and Stellantis vehicles in the US due to welding issues, according to the governmental National Highway Traffic Safety A...n subsupplier Next+. As the recall is due to welding issues, it has not been determine...
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February 04, 2022
Samsung SDI sets up new ESG body
Samsung SDI has established a new organization to accomplish its environmental, social and governance goals, including a full transition to renewable energy by 2050. According to the South Korean ba...vehicle batteries and plans to expand it to overseas facilities. On top of its ESG com...
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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 ...t unveil when to kick off the operation of their new private network solutions. Under ...
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February 03, 2022
How close are chips to emulating the human brain?
...sors 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 beat their rivals, once th...ificial intelligence followed by the mobile era, led by Arm’s neural processing u...
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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 month after its launch. My House invites users to experience Samsung home app...
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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...the new smartphone, with another hot topic being which mobile processor the phones wil...
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February 02, 2022
Samsung Biologics to acquire Biogen’s stake in Samsung Bioepis for $2.3 billion
Samsung Biologics has reached an agreement with Biogen to buy out the US biotechnology firm’s stake in Samsung Bioepis for $2.3 billion (2.7 trillion won), the company said Friday. Biogen secured a ...s and full ownership will take effect when the first payment of $1 billion i...
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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 domestic r...
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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...s, combined with an increased capacity and higher prices of contract manufacturing oper...
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January 27, 2022
[Market Eye] Companies fret over new industrial accident law
... chief safety operators. They will lead the group’s safety management organization and come up with preventive measures to minimize safety accidents, according to the group. In an industry first, Samsung C&T’s engineering unit has introduced a rule to allow on-site workers to order t...
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January 27, 2022
[Korea Chips Act 2] New law to fuel chipmakers’ competition for high school talent
... 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 even before they becom...ored colleges dedicated to chip technologies, including those who take the annual Su...
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January 27, 2022
Banking groups beef up auto financing to lure young drivers
...llion) as of end-September last year, latest data from the Financial Supervisory Service showed. In the same period, customers of six major credit card issuers here -- Shinhan, KB Kookmin, Woori, Samsung, Hana and Lotte -- paid a combined 9.7 trillion won with cards from the companies ...
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January 26, 2022
Minor domestic carmakers to face fines over lack of green car sales
Domestic carmakers that lack green car models such as Renault Samsung, SsangYong and GM Korea are expected to face heavier pressure from the government to increase supply of more sustainable cars thi...green car models. The numbers are not expected to be remarkably different this year fo...
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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, other count...
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January 24, 2022
[Battery+] Samsung SDI’s premium strategy faces daunting test
Samsung SDI’s long-held “premium strategy” with high pricing is expected to face a daunting test in its renewed competition with rivals amid ever-evolving market trends. Until 2020, bringing down th...1” based on technology, quality and profitability. But before aiming for such an am...
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January 24, 2022
Korean tech firms keep eye on possible Russia export curbs
...g the export of mobile phones, laptops, computers, refrigerators and washing machines to Russia, which contain US chips or software and are made by non-US manufacturers, including those of Korea. Samsung and LG could be subject to the US-led sanctions, given that they are not only sell...
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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...ng the 5G journey across Europe.” This will lay a cornerstone for further ...
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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, respectively. An...
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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 brand by ma...
December 25, 2024
