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February 04, 2024
Merck to expand investment in AI chip leading Korean market
Merck, a leading science and technology company based in Germany, said Friday it will continue to invest in Korea, the home of the world's two largest memory chip producers Samsung Electronics and SK hynix, in line with the expansion of investment by its Korean clients due to ri...
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February 01, 2024
Samsung reduces chip deficit in Q4 on DRAM recovery
Top memory chipmaker to stick to production cuts, hopes for turnaround in H1 Samsung Electronics said on Wednesday it narrowed the size of the semiconductor deficit in the October-December period, as a result of its ongoing chip production cut efforts. “As we revised down (th...
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January 31, 2024
Samsung SDI logs record sales in 2023 on strong EV demand
Samsung SDI said Tuesday it posted an all-time high revenue last year with robust growth in sales of electric vehicle batteries. In its earnings report, the company said annual sales revenue soared ...her hand, dropped 9.7 percent to 1.6 trillion won due to sluggish sales of small batter...
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January 31, 2024
Samsung Galaxy S24 hits shelves globally
Samsung Electronics said on Tuesday it is starting sales of its latest flagship smartphone the Galaxy S24 globally, largely buoyed by record preorders made at home over the past week. The new phone, dubbed the world’s first smartphone powered by artificial intelligence, is exp...
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January 29, 2024
South Korean exports to China plunge to three-decade low
... product manufacturing and technological development, spurred by geopolitical tensions and supply chain disruptions, is leading to Korea’s reduced commercial presence in the all-important market. Samsung Electronics, which had topped China’s smartphone sales with 20 percent...
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January 29, 2024
Galaxy S24 series set new all-time presales record in Korea
Samsung Electronics’ latest Galaxy S24 series, touted as its first artificial intelligence smartphone, broke the company’s presales record in Korea, selling 1.21 million units in just a week. After the global Unpacked event in San Jose, California on Jan. 17, Samsung
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January 29, 2024
[KH Explains] Will OpenAI, Korean chipmakers team up to take on Nvidia?
Sam Altman, the chief executive officer of OpenAI, visited Seoul last week to hold a series of meetings with top executives of Samsung Electronics and SK hynix, the world’s top two memory chipmakers, fueling speculation that the “father of ChatGPT” is in search of allies to t...
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January 26, 2024
Hyundai takes earnings crown after profit surge
Hyundai Motor Group pulled in an all-time high annual operating profit of 26.7 trillion won ($20 billion) last year, outpacing Samsung Electronics, which held the No. 1 position among the listed companies in Korea for 14 consecutive years, for the first time. Hyundai Motor Comp...
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January 24, 2024
Samsung exec touts Galaxy S24 as true phone camera revolution
SAN JOSE, California -- The Galaxy S24 series is the "ultimate collection" of Samsung Electronics' artificial intelligence technology for cameras, allowing users to become "expert photographers" with just a few intuitive taps on the screen, according to the tech giant's visual s...
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January 24, 2024
SK becomes No. 2 in market cap
...he first time since January 2022 for SK to regain the No. 2 position based on market cap. While Samsung Group has long maintained its No. 1 position for years, SK and LG have competed for second. SK ...de its high-profile stock debut as the second most-valued company, worth 118 trillio...
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January 24, 2024
Korean banks ready to step up their game in India
...in more than five years for the lender to add new establishments in the country. The two locations, Chennai and Pune, are where many big-name Korean companies have ventured out. Korean tech giant Samsung Electronics and top automaker Hyundai Motor operate factories in the sou...
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January 23, 2024
One in 10 Korean nationals work in large companies
...00 more people were hired by big firms compared to the previous year. In 2023, the number of people working at conglomerates with over 300 people rose by 89,000 on-year. The biggest employer was Samsung Electronics, the nation's No. 1 company by market capitalization, which ...
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January 23, 2024
OpenAI CEO mulls visiting Seoul to seek chip partner
...aid on condition of anonymity. An SK Group official, however, has not officially confirmed the two chiefs' meeting in Seoul. Industry sources also noted the possibility of OpenAI cooperating with Samsung Electronics, as they believed that the US AI company needs to enhance co...
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January 22, 2024
Hybrid operation key to Galaxy AI: Samsung AI chief
..., with the advent of ChatGPT. In its latest Galaxy S24 series, its first AI-powered smartphone, Samsung Electronics took it further to introduce AI features for everyday use, and made the complex pro...e user,” Kim Young-jip, executive vice president and head of the artifici...
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January 21, 2024
Hanlim partners with NBBJ to support Seoul’s urban innovation
...BBJ has garnered international acclaim for its innovative, eco-friendly designs, collaborating with American firms like Amazon, Alibaba and Microsoft, as well as South Korean conglomerates such as Samsung Electronics, Naver and CJ. Hanlim Chairman Park also held discussions w...
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January 21, 2024
[Herald Interview] ‘US election main risk for Korean chip, EV makers’
... global chipmakers to build semiconductor plants in the US and limits expanding production capacity, especially for advanced chips, in China, Gilholm said Trump might ask for more investments from Samsung Electronics and SK hynix. Gilholm suggested Korean companies prepare fo...
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January 16, 2024
NPS ups stake in Samsung Electro-Mechanics, sells Kakao in Q4
...around 1,000 trillion won ($757 billion), expanded its holdings in electronic parts manufacturer Samsung Electro-Mechanics, but dumped shares of IT giant Kakao in the September-December period of 2023... 1 trillion won stake in 21 locally listed companies. Among the 21, its largest hold...
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January 16, 2024
How will Taiwan election affect Korean chips?
...n Taiwan's presidential election has raised concerns about its potential impact on the Korean semiconductor industry and the global supply chain. South Korea's two leading semiconductor makers -- Samsung Electronics and SK hynix -- are reviewing the impact of the election res...
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January 15, 2024
[CES 2024] [Herald Interview] SK Telecom to bolster AI ties with big tech firms
...n the first quarter of the year. “The exact launch schedule (of the Android version) could be adjusted. We are trying to advance the launch to enhance the connectivity of the service,” he added. Samsung Electronics, the market leader in Android phones, is scheduled to unve...
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January 12, 2024
[CES 2024] Doosan chief highlights business synergy with AI
...ing by using AI technology while Doosan Bobcat debuted AT450X, an uncrewed and electric articulated tractor powered by AI. Park also observed the latest trends in autonomous driving and vehicle electronics as he visited relevant booths of Samsung Electronics, LG
November 01, 2024
