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August 06, 2024
Samsung begins mass production of ultraslim DRAM chip for on-device AI
Samsung Electronics, the world’s largest memory chip maker by revenue, announced Tuesday it has begun the mass production of the industry’s thinnest 12-nanometer LPDDR5X DRAM chip that helps better t...lications with advanced features, such as on-device artificial intelligence, the comp...
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August 06, 2024
Samsung Biologics joins Pharmaceutical Supply Chain Initiative to enhance ESG practices
Samsung Biologics announced Tuesday that it became Korea's first domestic contract development and manufacturing organization to join the US-based Pharmaceutical Supply Chain Initiative. PSCI, a non...gement and solidify our position as a leader in the global CDMO industry,” said John R...
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August 06, 2024
Krafton hires ex-Riot exec as publishing chief
...Richard Yoon, previously head of global new business at Apple, joined as vice president of global strategy and operations late last year. More recently, Thomas Go, former global general manager of Samsung Pay and head of platform business at Epic Games, was appointed vice president of p...
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August 06, 2024
Korean shares tank as global rout continues
...th of recession. Echoing the sharp decline of US semiconductor stocks such as Nvidia and Intel, Samsung Electronics fell by 10.3 percent, reaching a low of 71,400 won. SK hynix lost 9.87 percent. "A... worsen, even Nvidia has worsened investment sentiment and intraday losses are widen...
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August 04, 2024
Samsung SDI seeks top US talent
Samsung SDI has embarked on a global journey to find the most talented professionals to advance the Korean company’s level of technology and take the lead in the secondary battery industry. The batt...ring ‘super-gap’ technological competitiveness is investing in talent,” said Choi. ...
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August 04, 2024
Tech giants eye growing home appliances subscription market
...ales figure surpassing the 1-trillion-won ($ 736 billion) mark for its subscription service, and Samsung Electronics is also reviewing to launch a similar service for its home appliances in the latter... discussing with its financial and security affiliates, such as Samsung Fi...
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August 02, 2024
Samsung’s unionized workers to return to work but continue guerrilla strikes
Samsung Electronics’ labor union said Thursday it would return to work by next Monday but vowed to continue guerrilla strikes amid their stalled talks for wage hikes. “It is the time to shift to a long-term plan,” the National Samsung Electronics Union said via its YouTube c...
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August 02, 2024
LG Display picks CSOT as preferred bidder for Chinese LCD plant
... BOE, are said to have offered bids for the LG plant. Though each showed significant interest in the Guangzhou plant, CSOT was reportedly chosen due to offering a more favorable acquisition price. In 2021, CSOT also acquired Samsung Display's LCD plant in Suzhou, along with related tec...
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August 01, 2024
Samsung unveils 1 terabyte microSD storage cards
Samsung Electronics, the world’s largest memory chip maker, said Thursday it has launched two types of 1 terabyte high-capacity microSD cards: Pro Plus and Evo Plus. These new products incorporate t... SSDs to be implemented in the compact form factor of a microSD card, with enhanced du...
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August 01, 2024
Samsung, LG's electric auto parts sales soar despite EV slump
On a similar winning streak, LG Electronics' automotive electric parts business is thriving, driven by a stable portfolio and strong order volume from electric and traditional vehicles. In the second quarter, its Vehicle Component Solutions division, which handles automotive electric parts, reporte...
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August 01, 2024
Samsung labor union demands chief step in
Samsung Electronics’ labor union on Thursday protested in front of Chairman Lee Jae-yong’s residence in Seoul, calling on the Samsung chief to step in over their stalled wage talks with the government. The National Samsung Electronics Union, which accounts for about...
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July 31, 2024
Samsung projects 15-fold surge in Q2 earnings on AI chip boom
Samsung Electronics said on Wednesday it will continue its earnings growth by expanding sales of the high-performance high bandwidth memory chip in the second half, particularly the fifth-generation ...e there are no disruptions to management and production,” a Samsung official...
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July 31, 2024
Samsung SDI, LG Energy Soluton get closer to 46-series battery mass-production
Samsung SDI and LG Energy Solution are nearing mass production of the next-generation 46-series cylindrical battery, which is anticipated to be the next generation in battery technology. Samsung SDI is accelerating its timeline, aiming to start mass production of the 46-series ...
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July 30, 2024
[Business Diplomacy] As Trump targets EVs, Hyundai-Kia shifts gears to hybrids
...ave accumulated more than 600 billion won in losses last year alone without the IRA tax credits. Samsung SDI also saw AMPC revenue of 46.7 billion won for the first time in the first quarter after con...ial Trump administration. “The three Korean battery companies -- LG Energy Solutio...
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July 30, 2024
SK hynix to mass-produce GDDR7 DRAM chip in Q3
...l continue to work towards enhancing our position as the most trusted AI memory solution provider by strengthening the premium memory lineup further," Lee said. Along with SK hynix, its archrival Samsung Electronics and US-based Micron Technology are fiercely competing in the graphics ...
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July 30, 2024
[KH explains] Hanwha scion steps into spotlight amid pending succession
... Management, Hanwha Investment & Securities, Hanwha Life Financial Service and Carrot General Insurance. Hanwha Life is one of the top three life insurance carriers here, along with Kyobo Life and Samsung Life. Born in 1985, Dong-won majored in East Asian Studies at Yale University. In...
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July 28, 2024
Samsung chief boosts global ties at Paris Olympics
Samsung Electronics Chairman Lee Jae-yong has embarked on a business trip to Paris to leverage the 2024 Paris Olympics to strengthen ties with key global business partners, political figures and spor... are expected to enhance strategic partnerships, paving the way for mid- to long-term g...
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July 28, 2024
[KH explains] How will Samsung’s 'No. 1 strategy' work for HBM leadership?
The red-hot HBM or High Bandwidth Memory chip is becoming a headache for Samsung Electronics, the world’s No. 1 memory chip maker, as it is running months behind its crosstown rival SK hynix to suppl..."SK hynix has been providing the HBM3 from 2022, and has a high understanding of Nvidi...
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July 28, 2024
Korea should seek out resource opportunities in Mongolia, experts say
...ough it is a relatively smaller trading partner for Korea, Jung said it was a mistake that Asia’s fourth-largest economy had not engaged more actively with Mongolia. "It is not about selling more Samsung Galaxy smartphones, but whether we can secure the resources needed to manufacture...
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July 26, 2024
Samsung may supply advanced image sensors for Apple: analyst
Samsung Electronics may supply its advanced camera sensors for Apple, ending Sony’s longstanding rein as an exclusive supplier to the global tech giant, according to a supply chain analyst. According to Ming-Chi Kuo, a supply chain analyst at TF International Securities, Samsung
December 12, 2024
