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Samsung Electronics and SK hynix detailed their expanding use of multiyear memory supply agreements in back-to-back earnings calls Wednesday and Thursday, as major customers seek firmer access to capacity that is expected to remain tight through 2028. Samsung said Thursday that it plans to cover 60 to 70 percent of its memory production capacity through long-term agreements. The contracts generally begin with a five-year term and are reviewed annually, allowing another year to be added on a roll
Apple is set to join Samsung Electronics next year in challenging Meta’s early lead in the global AI smart glasses market, setting the stage for a three-way battle among big tech companies over the next generation of artificial intelligence-powered devices. According to industry sources on Sunday, Apple plans to unveil its first smart glasses at its annual Worldwide Developers Conference in June 2027, with a commercial launch expected later that year. The American tech giant had initially been e
SK hynix shares hit their daily upper limit Friday, as South Korean chipmakers extended a sharp rebound following a recent market rout. The stock surged 29.95 percent to 1,718,000 won ($1,203) in afternoon trading on the Kospi, briefly touching the 30 percent ceiling after opening 28.37 percent higher. South Korea limits daily stock-price movements to 30 percent in either direction, a threshold the Korea Exchange raised from 15 percent in June 2015. The rally came a day after SK Group Chairman C
LG AI Research unveiled South Korea’s largest homegrown artificial intelligence model on Friday, a system with 750 billion parameters -- more than three times the size of its predecessor -- as the conglomerate steps up efforts to build a globally competitive AI platform. The new model, K-Exaone 2.0, was released on open-source platform Hugging Face under the Apache 2.0 license, allowing developers and companies to use it commercially without charge, LG said. It is the second model developed by L
KT said Friday it has signed a three-way collaboration agreement with on-device AI chipmaker DeepX and edge computing firm Sesol to jointly develop NPU-based artificial intelligence edge systems for use in transportation and industrial sites. Under the agreement, the companies will work together on a next-generation AI Edge Box powered by low-power, low-heat neural processing units, or NPUs, and expand on-device AI services to electric vehicle charging stations, mobile surveillance systems and t
NC is expanding its worldwide reach at two of the world’s biggest gaming exhibitions in the second half of the year with Aion 2, a massively multiplayer online role-playing game, and Astrae Oratio, a sub-culture RPG. According to the Korean game company on Thursday, it will participate in Gamescom 2026 in Germany in August and Tokyo Game Show 2026 in Japan in September, highlighting region-specific titles aimed at Western and Japanese audiences, respectively. Held annually in Cologne, Germany, G
Samsung Electro-Mechanics reported its highest quarterly revenue on record for the April-June period, with sales of multilayer ceramic capacitors for AI servers and high-end semiconductor package substrates driving both growth and profitability. Revenue reached 3.46 trillion won ($2.4 billion), up 24 percent from a year earlier, the company said Thursday. Operating profit more than doubled to 440.4 billion won, exceeding the 413.6 billion won consensus compiled by Yonhap Infomax by 6.5 percent.
Samsung SDI reported an operating profit for the second quarter, its first in seven quarters, and the figure far exceeded market expectations. Operating profit was 203.8 billion won ($141.6 million), the company said Thursday. Analysts polled by Yonhap Infomax had projected an operating loss of 14.8 billion won. A year earlier, Samsung SDI lost 397.8 billion won at the operating level. Revenue reached 3.77 trillion won, up 18.5 percent, and net profit came to 471.6 billion won. As the second-lar
Apple is set to join Samsung Electronics next year in challenging Meta’s early lead in the global AI smart glasses market, setting the stage for a three-way battle among big tech companies over the next generation of artificial intelligence-powered devices. According to industry sources on Thursday, Apple plans to unveil its first smart glasses at its annual Worldwide Developers Conference in June 2027, with a commercial launch expected later that year. The American tech giant had initially been
South Korea’s privacy regulator on Thursday fined KT Corp. 53.98 billion won ($37.4 million) over a data breach linked to the company’s failure to properly secure its femtocell system. The Personal Information Protection Commission said KT’s inadequate management of its small-cell base station network allowed hackers using illegally manufactured femtocells to gain unauthorized access to the company’s mobile network. The breach, which occurred in August last year, exposed the personal information
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