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Samsung Electro-Mechanics has accumulated about 3.6 trillion won ($2.6 billion) in disclosed long-term supply agreements for AI-related components this year, as customers move to secure parts for servers that will be built in 2027 and beyond. The latest deal came Tuesday, when the Samsung Electronics affiliate said an unidentified global company had agreed to buy about 290 billion won worth of multilayer ceramic capacitors and inductors throughout 2027. MLCCs and inductors help deliver clean, st
South Korea and the US on Thursday unveiled the first initiatives under Seoul’s $200 billion investment commitment, led by a confirmed Texas gas-fired power project. A proposed eight-reactor nuclear program still requires approval, while participation in an Alaska liquefied natural gas project remains under review. The distinction emerged after US President Donald Trump presented all three as firm commitments. South Korean Industry Minister Kim Jung-kwan stressed that the nuclear and Alaska prop
South Korean battery makers could find fresh opportunities in the US energy storage market as Seoul's decision to invest in a multibillion-dollar gas-fired power complex in Texas underscores growing demand for reliable electricity to power artificial intelligence data centers. On Wednesday (US time), US President Donald Trump announced plans for South Korea to invest $200 billion in US projects under Seoul’s broader $350 billion strategic investment package agreed as part of a trade deal with Wa
LG Energy Solution said Thursday it had signed a memorandum of understanding to supply 46-series cylindrical battery cells to Indigo Technologies, a US commercial electric vehicle startup, from 2027 through 2030. The nickel-manganese-cobalt cells, which get their name from their 46-millimeter diameter, will power Indigo’s next-generation commercial EVs, including its Flow Ride and Flow Cargo models. The companies also plan to explore ways to extend driving range, shorten charging times and impro
Micron Technology expects the global memory shortage to worsen through 2028, with more than 75 percent of its planned fiscal 2027 output already committed to customers, adding weight to expectations that the current memory boom could run longer for Samsung Electronics and SK hynix. The US memory chipmaker said Wednesday that fiscal fourth-quarter revenue reached a record $54.23 billion, nearly five times the $11.32 billion reported a year earlier and above Wall Street expectations. Chief Executi
Samsung Electronics will launch its first artificial intelligence glasses in November, entering a still-nascent wearable AI market where Meta has built an overwhelming early lead with camera-equipped, display-less smart glasses. Samsung first showed the Android XR-based device with Google at Google I/O in May, then revealed more of its design and features at Galaxy Unpacked in London in July. A Samsung official has since confirmed the November launch to The Korea Herald. Pricing has yet to be an
Hanwha Aerospace has begun assembling a reusable launch vehicle demonstrator as part of a project to secure key technologies needed to reuse rocket stages, a step toward lowering launch costs and strengthening South Korea's commercial space capabilities. The Korea Aerospace Research Institute is leading the project, with Hanwha Aerospace responsible for overall system integration. Other Korean space companies, including Vitzro NexTech and Hanyang ENG, are also participating. The demonstrator wil
South Korea must develop new technologies and standards to compete in artificial intelligence, industry leaders said Tuesday, warning that advances in memory, computing and infrastructure must keep pace with rapidly growing AI demand. Speaking at the Herald Business Forum 2026 at The Shilla Seoul, executives and researchers outlined challenges ranging from memory bottlenecks to corporate adoption of AI. The opening session, “The Golden Engine of the AI Revolution: Semiconductors,” examined the t
HD Hyundai Heavy Industries on Wednesday launched the 8,200-ton Daeho Kim Jong-seo, the third next-generation Aegis destroyer (KDX-III Batch-II) for the Republic of Korea Navy, at its Ulsan shipyard. Earlier in the day, the unveiling ceremony brought together approximately 350 government, military and company officials at HD Hyundai Heavy Industries’ Ulsan shipyard. Key figures included President Lee Jae Myung, first lady Kim Hea Kyung, Defense Minister Kang Shin-chul, Chief of Naval Operations
South Korea must turn its strengths in semiconductors and manufacturing into leadership in artificial intelligence, business leaders and technology experts said Tuesday, calling for a break from the fast-follower model that powered the country’s growth. The message framed the Herald Business Forum 2026, hosted by Herald Media Group and organized by Herald Business at The Shilla Seoul. Held under the theme “Beyond followers, transitioning to a leading economy,” the forum explored how AI is reshap
AmCham chief receives honorary doctorate from Korea Aerospace University
Korea's manufacturing jobs rise for first time in 27 months
Bentley hits the battlegrounds in PUBG's latest update
Samsung's top brass convene in Tokyo as Japan chip ties deepen
LG, Apple take on Amazon, Google with AI home devices
Hyundai bets $15.5b on India as global production hub
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