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Electric sedans have a packaging problem: Batteries need space, passengers want more of it and neither should come at the expense of the low, elegant profile that defines a sedan. Volvo believes its new ES90 has found a way around that compromise. The electric flagship pairs executive-sedan proportions with SUV-like space and ground clearance — a formula that has already drawn more than 3,500 preorders in South Korea since late June, according to Volvo Car Korea. The model enters a Korean EV mar
South Korean battery material makers are accelerating efforts to build traceable, non-Chinese supply chains as tighter US rules threaten federal clean energy incentives for products linked to China. LS-L&F Battery Solution, a joint venture between LS Group and L&F, has begun qualification tests to make precursor materials — blends of metals used in cathodes —using metal sulfates produced by LS Group affiliate LS MnM, according to reports Thursday. If testing is completed as planned, LLBS could b
The artificial intelligence boom is tightening supplies of multilayer ceramic capacitors, as leading manufacturers shift production toward premium server components and away from mainstream parts used across consumer electronics. The reallocation is creating an unusual imbalance: MLCC prices are rising even as demand for smartphones, PCs and other traditional electronics remains sluggish. Samsung Electro-Mechanics has begun raising prices, while customers are increasingly seeking long-term contr
Samsung Electronics subsidiary Rainbow Robotics has halted US shipments of its RB-Y1 mobile humanoid robot under new American restrictions on foreign-made advanced robots, forcing the company to seek conditional approval and prepare a plan for future production in the United States. The company said shipments scheduled for August and September have been delayed, with some impact on sales expected in the near term. It plans to submit its application this month and believes exports can resume once
Naver and Toss have opened disputes on two fronts, with Naver seeking a police investigation into Toss’ reward-based search campaigns and Toss preparing an antitrust complaint over access to Naver’s merchant platform, according to industry sources Wednesday. What began as a disagreement over whether Toss was distorting Naver search results has spread to the offline payments market. At stake is access to the data and services that connect consumers with restaurants, shops and other local business
Samsung Electronics has spent seven years developing the Galaxy Z Fold from an experimental device into one of the world’s best-known foldable smartphones. Next month, for the first time, it will face an iPhone built around the same book-style idea and priced almost directly against it in the US. Apple surprised the market last week by setting the 256-gigabyte iPhone Duo at $1,999, well below prelaunch estimates of around $2,500. Samsung’s Galaxy Z Fold8 launched at $1,899.99. That leaves only a
Samsung Electronics has co-led a 200 million euro ($231 million) funding round for Dutch startup Euclyd, backing a new chip architecture designed to cut the cost and energy consumption of artificial intelligence inference. Euclyd CEO Bernardo Kastrup told CNBC that Samsung participated in the Series A round alongside Somerset Capital Partners, Innovation Industries and the Scaleup Europe Fund, managed by EQT. Kastrup said Samsung could offer more than capital, pointing to its expertise in memory
SK hynix production workers approved a revised labor agreement Wednesday after the chipmaker increased the cash portion of its profit-sharing bonuses, ending weeks of negotiations without a strike. The agreement received 57.08 percent support in a two-day vote by unions representing production workers at the company’s Icheon and Cheongju plants. Of 16,039 eligible members,15,297 voted, with 8,731 in favor and 6,566 opposed. Under the revised plan, profit-sharing bonuses will be split evenly betw
Samsung SDS has become the first Korean company to attain Select Tier status in Anthropic’s Claude Partner Network, strengthening its ability to help businesses deploy and operate the generative AI platform. The designation follows a strategic partnership the companies signed at an AI summit in San Francisco in July. Anthropic awards Select Tier status to partners with certified technical personnel and demonstrated experience applying Claude in real-world business environments. Samsung SDS was a
South Korea’s space rocket is set to carry five primary satellites in October, marking the country’s first major step toward deploying an operational satellite constellation in a single launch. “The fifth launch has two key features: it is the first time we are carrying multiple primary satellites, and it will carry the largest number of satellites in Nuri’s history,” Park Jong-chan, director of the Korean Launch Vehicle Enhancement Program at Korea Aerospace Research Institute, said Tuesday at
AmCham chief receives honorary doctorate from Korea Aerospace University
Korea's manufacturing jobs rise for first time in 27 months
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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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