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NEWS TAGGED SOUTH KOREA
Thursday 2 January 2025
South Korea faces uphill battle in AI chip market expansion
Growing demand for artificial intelligence semiconductors is reshaping the global chip industry, but South Korea's ambitions to capture market share face significant hurdles despite...
Thursday 2 January 2025
South Korea invests US$24.79 million in 48 next-gen chip R&D projects
South Korea's Ministry of Trade, Industry, and Energy (MOTIE) has announced a KRW36.4 billion (US$24.79 million) investment to fund 48 next-generation semiconductor R&D projects...
Thursday 2 January 2025
Volvo reportedly seeks South Korean battery partners amid Northvolt crisis
Following Northvolt's bankruptcy filing, Volvo is exploring new battery partnerships in South Korea to advance the construction of the NOVO Energy battery plant.
Thursday 2 January 2025
Samsung kickoff advanced packaging supply chain overhaul with equipment shakeup
Samsung Electronics has launched a comprehensive overhaul of its advanced packaging supply chain, focusing on "reassessing" materials, components, and equipment to boost competitiveness...
Thursday 2 January 2025
Samsung bets on high-value memory to counter CXMT amid DRAM slump
Samsung Electronics' Device Solutions (DS) division is revising its production strategy as falling DRAM prices and weak IT demand weigh on profits. South Korean securities firms have...
Thursday 2 January 2025
Samsung loses former TSMC exec after contract expires
Samsung Electronics's hiring of Jing-cheng "Vic" Lin(J. C. Lin) from TSMC in a bid to bolster its semiconductor packaging technology made headlines in early 2023. However, reports...
Thursday 2 January 2025
Samsung targets 2nm orders, reportedly adding a new partnership with a local NPU company in South Korea
Samsung Electronics, after previously securing orders for 2nm AI accelerators from Japanese AI startup Preferred Networks (PFN), is reportedly set to supply 2nm chips to a South Korean...
Tuesday 31 December 2024
2024 review: top 10 milestones in optoelectronics including OLED, MicroLED, and display technologies
In 2024, the optoelectronics industry faced challenging market conditions. Despite this, OLED panels are expanding from smartphones into tablets, PCs, and other IT products, driving...
Tuesday 31 December 2024
Samsung awards DS division with bonuses of up to 16% in 2024
Samsung Electronics has reportedly announced the distribution of Overall Performance Incentives (OPI) across its departments. The Device Solutions (DS) division, finally turning a...
Monday 30 December 2024
South Korea fast-tracks Yongin semiconductor complex development, aiming to be world's largest chip hub
South Korea has expedited the approval of the Yongin Semiconductor National Industrial Complex. The strategic project aims to bolster the nation's semiconductor industry amid global...
Monday 30 December 2024
LCD demand recovery boosts utilization rates, while OLED faces weak TV demand
Despite the rebound in LCD demand driving panel manufacturers' utilization rates, the weak demand for OLED TVs is expected to hinder improvements in utilization rates for OLED panel...
Friday 27 December 2024
South Korea passes AI Basic Act amid political turmoil
South Korea's parliament passed the "Act on the Development of Artificial Intelligence and Establishing a Trustworthy Foundation" (AI Basic Act) on December 26, 2024, establishing...
Friday 27 December 2024
Alibaba, E-Mart to create US$4 billion e-commerce JV in Korea
Alibaba Group Holding Ltd. agreed to form a joint venture for its South Korean operations with E-Mart Inc.'s e-commerce platform to better compete in the country's fast-paced online...
Friday 27 December 2024
Samsung Display sells off LCD equipment amid pivot to OLED
According to Theelec, Samsung Display has begun selling off LCD equipment through Samsung C&T starting November 2024, following its complete exit from the LCD business...
Friday 27 December 2024
Chinese brands challenge Korean dominance in premium TV market
South Korean TV giants face mounting pressure as Chinese manufacturers gain ground in the premium TV segment. Samsung Electronics' global premium TV market share dropped to 30% in...