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Samsung Electronics’ semiconductor business delivered its strongest-ever second-quarter performance, fueled by booming demand for artificial intelligence server memory that pushed revenue and operating profit to record highs, though the recovery remains uneven across the company’s broader businesses. While the memory business is benefiting from the AI boom, Samsung’s foundry operations continue to lag behind Taiwan Semiconductor Manufacturing Co. and its mobile business is facing pressure from r
LG Electronics reported Thursday an operating profit of 1.58 trillion won ($1.1 billion) for the second quarter, up 147 percent from a year earlier, on revenue of 23.83 trillion won. Both are second-quarter records. They match the preliminary numbers the company put out on July 7 to within a few billion won. What Thursday's disclosure added was the breakdown by division. Home appliances cleared 7 trillion won in quarterly revenue for the first time, at 7.08 trillion won, and earned 685.9 billion
Samsung Electronics is accelerating its US chip expansion, bringing its first Taylor, Texas, foundry online this year and starting construction of a second fab by year-end as soaring AI demand strains advanced-chip capacity. Announcing record quarterly earnings Thursday, the chipmaker warned that the memory shortage is likely to worsen next year as leading-edge foundry capacity struggles to keep pace with surging demand, prompting it to accelerate expansion at its fab in Taylor. The company als
As South Korea’s foreign resident population continues to grow, KT Corp. is expanding support for overseas customers through multilingual AI services and dedicated stores designed to make telecom services more accessible. The telecom carrier held its fourth Customer Listening Forum on Wednesday in Seoul, inviting 14 foreign residents and naturalized citizens from 10 countries, including Vietnam, Indonesia, Russia, the Philippines and Mongolia, to gather feedback on challenges they face while usi
SK hynix reported the largest quarterly profit in its history on Wednesday and said it expects capital spending this year to reach the high 40 trillion won range, a figure that commits most of the quarter's earnings to building more capacity. Operating profit for the April-June period came to 60.54 trillion won ($41.9 billion), up 557.2 percent from a year earlier and 61 percent from the first quarter. Revenue rose 256.8 percent on-year to 79.32 trillion won. One quarter now exceeds what the com
Krafton on Wednesday reported record revenue and operating profit for the first half of this year on the back of continued performances by its megahit PUBG franchise, a battle-royale-style shooter, and the early success of Subnautica 2, an underwater survival adventure. According to the company’s preliminary earnings, Krafton logged 2.66 trillion won ($1.84 billion) in sales and 972.5 billion won in operating profit in the first six months of 2026, up 73.3 percent and 38.3 percent, respectively,
Krafton on Wednesday released its new audio foundation model, A.X K2 Raon-Speech, on global AI platform Hugging Face. The company is part of SK Telecom’s consortium participating in the Ministry of Science and ICT’s Independent AI Foundation Model project, where it leads research on next-generation multimodal models. A.X K2 Raon-Speech builds on Krafton’s existing Raon-Speech model. It combines the company’s proprietary voice encoder and audio codec with a compact language model based on SK Tele
Korea Herald correspondent LONDON — Samsung Electronics said its latest Galaxy Z8 foldable smartphone series could set the new benchmark for foldable phone design by placing everyday comfort at the center. At a Galaxy design media briefing held in London on Thursday, Hubert Lee, head of Samsung Electronics' Mobile eXperience design team, said years of experience and extensive user data helped shape its latest designs. "Samsung has accumulated a great deal of data through seven years of developin
KT said Tuesday it has completed a companywide data integration project for Amorepacific's Research & Innovation Center, building an AI-ready data platform designed to accelerate research and development. Dubbed Data Highway, the project reorganized and integrated 70 years of Amorepacific's R&D data into AI-ready data, making it easier for artificial intelligence to process and use the company's research assets. The platform standardizes both structured and unstructured data, allowing researcher
LG Innotek is expanding its robotics push from the "eyes" to the "skin," teaming up with Japan’s TDK to develop next-generation vision and tactile sensing modules for physical AI applications. The companies said Tuesday they have formed a strategic partnership combining LG Innotek’s optical and precision engineering capabilities with TDK’s broad portfolio of sensor technologies. Under the partnership, LG Innotek will integrate TDK sensors, including inertial measurement units, position sensors a
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