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June 05, 2024
Undervalued no more: Jusung Engineering to spin off chip business
...ing was the first in the country to develop semiconductor front-end equipment in 1995. Among the company's leading technologies is Atomic Layer Deposition technology, which the company supplies to Samsung Electronics and SK hynix, the world's top two memory chip makers. Last ...
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June 03, 2024
Samsung out to reclaim foldable crown
Competition in the growing foldable smartphone market is set to get fiercer. Samsung Electronics is out to regain market leadership with a new foldable phone series next month, while Chinese rivals are trying to catch up with the Korean tech giant’s market dominance in the sec...
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June 03, 2024
Korea bets big on gas, oil prospects in East Sea
...commercial production of the gas field between 2004 and 2010, posting a revenue of 2.6 trillion during the period. For the maximum value of the deposit, Ahn said it could be worth over five times Samsung Electronics’ market capitalization, which equaled 454 trillion won as o...
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May 30, 2024
Gyeonggi governor urges sweeping changes to survive uncertainties
...” Kim said. According to him, Gyeonggi Province alone was ranked as the 35th largest economy in the world last year, whereas South Korea was ranked 17th. Home to massive semiconductor clusters of Samsung Electronics and SK hynix, the world’s top two memory chip makers, the ...
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May 30, 2024
Samsung's new semiconductor chief urges collective efforts to stay atop
Jun Young-hyun, the new head of Samsung Electronics’ semiconductor business, called Thursday for unity among management and employees to retain its leadership in the ever-evolving chip industry. “Samsung’s semiconductor business has 50 years of history and has main...
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May 29, 2024
Samsung Electronics union declares first-ever strike
Unionized workers of Samsung Electronics said Wednesday that they will go on strike on June 7 after failed wage talks with the management -- the first-ever strike in the tech giant’s five decades of ...e, as the breakdown in negotiations between Samsung Electroni...
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May 29, 2024
UAE president, Hyundai Motor chief discuss green mobility partnerships in Seoul
...e mobility during Al Nahyan's visit to Korea this week. The UAE President's visit, his first to South Korea, also included meetings with leaders of other major South Korean conglomerates, such as Samsung Electronics' Lee Jae-yong and SK Group's Chey Tae-won. These discussions...
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May 24, 2024
Samsung denies report on HBM chips failing Nvidia tests
Samsung Electronics, the world's No. 1 memory chipmaker, on Friday denied a report that its high bandwidth memory chips had yet to pass Nvidia's tests for use in the US chip giant's AI processors. Samsung said testing for HBM supply is progressing "smoothly" with vari...
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May 23, 2024
South Korea unveils W26tr support program for chip industry
...direct subsidies. Chip subsidy programs are widespread among countries with powerful chip industries such as the US, EU and Japan. But in Korea, home to the world’s two largest memory chipmakers, Samsung Electronics and SK hynix, current government support leans more towards...
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May 22, 2024
Global leaders vow to promote safe, inclusive AI at Seoul summit
...ves from international organizations such as the United Nations and the Organization for Economic Co-operation and Development. Eleven entities from the private sector, including Google DeepMind, Samsung Electronics, Korean top portal operator Naver, OpenAI, Amazon Web Servic...
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May 21, 2024
Samsung replaces semiconductor chief amid heightened AI race
Samsung Electronics said Tuesday it has appointed Jun Young-hyun as the new head of its semiconductor business in an apparent move to strengthen its market position amid fiercer competition in burgeo...ence, Kyung admitted that SK hynix beat Samsung in the HBM sector a...
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May 19, 2024
Samsung eyes W1tr in sales of pricey capacitors for cars
Samsung-Electro Mechanics, a leading electronic parts maker affiliated with Samsung Electronics, has set a sales goal of 1 trillion won ($736 million) for its flagship Multi-Layer Ceramic Capacitor or MLCC products this year, strategically targeting the automotive sect...
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May 19, 2024
Samsung expected to introduce new Exynos processor in next Galaxy series
Samsung Electronics is expected to introduce its new flagship Exynos 2500 mobile processor made with its cutting-edge 3-nanometer process, in the upcoming Galaxy S25 smartphone lineup, according to industry sources on Friday. The envisioned chipset, which will be produced on
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May 17, 2024
Korean firms target EV charging market in US
...t chargers that the company unveiled at CES 2024 in Las Vegas in January. Lotte Innovate picked Samsung C&T as its business partner in North America. Samsung C&T will be in charge of marketing and sa...its of ultrafast EV chargers per year. The company plans to double its cap...
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May 16, 2024
[Herald Interview] For US overnight stockbroker Blue Ocean, golden hour falls on Sunday 8 p.m.
...the past two years, we have seen a sharp increase in not only the number of shares but the number of Korean brokers connecting to the US,” he said. Blue Ocean Technologies first joined hands with Samsung Securities in 2022 to secure Korean customers. It later expanded the scope of coo...
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May 13, 2024
Samsung doubles down on Vietnam
Samsung Electronics has pledged to increase its annual spending in Vietnam to $1 billion as the Southeast Asian country emerges as a strategic base for manufacturing in the region. According to industry sources on Monday, Samsung Electronics Chief Financial ...
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May 12, 2024
Samsung Electronics microwave tops European market
Samsung Electronics said Sunday that it has retained its top market share position in the microwave market in Europe for the ninth consecutive year. According to market research firm Euromonitor, Samsung Electronics ranked No. 1 with a market share of 15.3 p...
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May 12, 2024
Chinese Roborock’s rare success on home turf of Samsung, LG
China’s Roborock, the popular robot vacuum cleaner brand, has become a rare success story on the home turf of Samsung Electronics and LG Electronics. Despite the dominance of the two Korean firms in the nation’s home appliance market, when it comes to the burgeoning ...
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May 09, 2024
Yoon doubles down on repeal of financial investment income tax
...pected to implement as its stock market suffered about a 36 percent plunge in a month after the Taiwanese government announced the plan in 1988. Korea, home to the world's leading chipmakers like Samsung Electronics and SK hynix, plans to ease regulations for semiconductor ma...
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May 09, 2024
Korea projected to outpace Taiwan in chip production by 2032: US report
...rtnership with the Boston Consulting Group. The report evaluated that Korea invested in the development of the semiconductor industry from the early stage, helping the two domestic chip makers -- Samsung Electronics and SK hynix -- grow into global semiconductor powerhouses. ...
November 25, 2024
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