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SK On said Wednesday that its Ivancsa Plant in Hungary has received Ford’s Q1 Award, the automaker’s highest quality certification for supplier facilities, just over two years after starting commercial operations. The battery maker held an award ceremony at the site Tuesday, where SK On Hungary head Kim Seong-sik received a plaque from Ford representatives. Ford grants Q1 status after assessing suppliers on production technology, product quality, improvement efforts, and manufacturing and qualit
AMD Chair and CEO Lisa Su put Korean AI chips at the center of partnership talks in Seoul on Wednesday, exploring how they could work alongside AMD processors in systems built for global markets. In meetings with Second Vice Science Minister Ryu Je-myung and executives from 13 Korean AI companies, Su discussed pairing AMD’s CPUs and GPUs with Korean neural processing units designed for AI inference. Demonstration projects in Korea would test the systems to develop a blueprint for overseas deploy
Samsung Electronics’ high-bandwidth memory prices are expected to more than double next year as the industry shifts to HBM4 and tight DRAM supply gives memory-makers more room to raise contract prices, according to KB Securities on Wednesday. HBM is the high-speed memory used alongside advanced AI processors, making it one of the most closely watched parts of the semiconductor market as spending on artificial intelligence infrastructure grows. KB Securities expects Samsung’s HBM selling prices t
Hyundai Motor Group is closing in on Ford’s position as the third-largest automaker in the US, with strong hybrid sales putting a potential third-place finish on an annual basis within reach. Hyundai Motor and Kia outsold Ford in July and August, building a lead of more than 15,000 vehicles over the two months. But sustaining that momentum could become harder as Washington relaxes fuel economy rules, giving US rivals more room to focus on their profitable gasoline-powered SUVs and pickups. The c
Samsung Electronics is turning more to China’s BOE for TV panels, with purchases forecast to double this year as the Korean company reshuffles its LCD suppliers. The shift comes as BOE Chairman Chen Yanshun reportedly plans to visit Korea next week to meet Samsung Electronics CEO Roh Tae-moon. Neither company has announced the meeting, but local media reports citing industry sources said TV LCD supply and pricing are expected to be on the agenda. Samsung is projected to buy 4.4 million TV LCD pa
S-1 Corp. is a small part of Samsung’s sprawling business empire. But an activist investor’s bid for Samsung affiliates’ stakes in the security company poses the question: When should a conglomerate’s companies sell their holdings in one another? Singapore-based Flashlight Capital Partners brought that question into focus in August, offering 906.6 billion won ($675 million) for the S-1 shares held by five Samsung affiliates: Samsung SDI, Samsung Life Insurance, Samsung Fire & Marine Insurance, S
Samsung Biologics’ labor union is seeking to bring Samsung Electronics into its prolonged wage dispute, demanding direct negotiations on personnel and compensation policies it says the chipmaker effectively controls. The union said Tuesday it had sent a bargaining request to Samsung Electronics, which holds a 30.92 percent stake in the biopharmaceuticals company as its second-largest shareholder. It argues that Samsung Electronics’ influence over those policies qualifies it as an employer under
LG Electronics will supply an integrated digital cockpit for Renault Group’s new Trafic Van E-Tech Electric, expanding its automotive technology business as manufacturers shift to software-defined vehicles. The electric van, named the 2027 International Van of the Year, is Europe’s first commercial software-defined vehicle, according to LG. LG’s cockpit combines a digital instrument cluster and infotainment system, bringing driving information, navigation and media functions into a unified inter
LG will send five components made by three affiliates into orbit aboard South Korea’s homegrown Nuri rocket Wednesday, marking the conglomerate’s first groupwide test of its technologies in space. LG Sciencepark, LG Group’s research and innovation hub, said Tuesday that the components have been installed on a CubeSat prepared with Unmanned Exploration Laboratory, a Korean startup specializing in lunar exploration rovers. CubeSats are compact, standardized satellites commonly used for Earth obser
South Korea plans to split its homegrown artificial intelligence development program into two tracks next year: a frontier model project backed by 4.7 trillion won ($3.49 billion) in proposed government investment and a separate effort to deploy Korean models across industries. The overhaul will open a new competition for frontier AI funding rather than automatically extending the existing support program for the two teams that survive the current selection process. Second Vice Minister of Scien
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Samsung's top brass convene in Tokyo as Japan chip ties deepen
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