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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 various global...
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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 granting ...
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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 Services and Met...
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May 22, 2024
Battery makers' output slows on waning EV demand
...the same period last year. Similarly, SK On’s rate dropped from 96.1 percent to 69.5 percent. A Samsung SDI official said that the company does not disclose its overall utilization rate. Profitabili... by 75.2 percent, from 633.2 billion won ($465 million) to 157.3 billion won year-o...
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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 and stresse...
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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 sector. "Leve...
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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 Samsung...
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May 17, 2024
Korean firms target EV charging market in US
...The main products at the California plant will be the 180 kilowatt fast chargers and 400 kW superfast 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 cha...
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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 16, 2024
HD Hyundai Electric gets MSCI nod; Kakao Pay misses out
...n won ($6.8 billion), HD Hyundai Electric at 9.24 trillion won and Enchem at 5.61 trillion won. Samsung Securities projected the MSCI inclusion will lead to an inflow of combined 400 billion won for ...mpany also removed four companies: Kakao Pay, the online payment unit of tech giant ...
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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 Officer Park Hark-ky...
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May 12, 2024
Battery makers ramp up efforts to diversify graphite supply chain
... into effect from this year, their sales would drop significantly." The three battery makers are Samsung SDI, LG Energy Solution and SK On. Graphite is used to make electric battery anodes, which is ... to import natural graphite from Syrah Resources from 2025, under their agreement ma...
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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 percent in the microw...
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May 12, 2024
Chinese Roborock’s rare success on home turf of Samsung, LG
...ock, 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 h...ly and draining directly. Following the Chinese home appliance maker’s immense po...
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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 manufacturer...
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May 09, 2024
LG Display starts sell-off talks for China plant
...o have submitted their letter of intent for purchase, sources say. Korea’s top display makers – Samsung and LG – used to dominate the LCD panel market until 2017 but took a strategic shift toward the...anced OLED amid fierce price competition with Chinese runner-ups. In 2021, LG's ...
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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. They each...
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May 09, 2024
Minister says chip subsidy a ‘tall order’
...es including chips, secondary batteries, biopharmaceuticals and displays. Chip subsidy programs are widespread among chip powerhouses, but Korea, home to the world’s two largest memory chipmakers Samsung Electronics and SK hynix, faces opposition that it is unfair to offer large subsi...
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May 08, 2024
Korean battery makers heave sigh of relief over 2-year IRA reprieve
...eign Entities of Concern -- a category that includes China -- to qualify for up to $7,500 in EV subsidies per vehicle. Last year, South Korea's top three battery producers -- LG Energy Solutions, Samsung SDI, and SK On -- reported revenues exceeding 10 trillion won from battery sales t...
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May 07, 2024
Will China's self-sufficient dream in HBM come true?
...aims to produce HBM2 by 2026. Industry sources in Korea, home to top HBM suppliers SK hynix and Samsung Electronics, believe it would be difficult for the Chinese firms to catch up with the advanced ...ss with lower energy consumption is used to assist GPU in processing AI functions. ...