SEOUL, Apr. 1 (Korea Bizwire) — South Korea’s exports moved up for the sixth consecutive month in March on the back of the robust performance of chips, data showed Monday. Outbound shipments gained 3.1 percent on-year to US$56.5 billion last month, according to the data compiled by the Ministry of Trade, Industry and Energy. Imports [...]
SEOUL, Mar. 27 (Korea Bizwire) — LG Group said Wednesday it will invest 100 trillion won (US$74.4 billion) in South Korea by 2028 to sharpen future technologies and seek new growth drivers. Unveiled at the group’s annual shareholders meeting in Seoul, the long- and mid-term investment plan places an emphasis on advancing future technologies, including [...]
SEOUL, Mar. 25 (Korea Bizwire) – Samsung Electronics remained tight-lipped on Wednesday after South Korean authorities recognized birth defects in children of former semiconductor factory workers as work-related injuries, reopening scrutiny over the tech giant’s commitment to employee welfare. The landmark ruling by the Korea Workers’ Compensation and Welfare Service covered three cases where children born [...]
SEOUL, Mar. 22 (Korea Bizwire) – Jensen Huang, the chief executive of Nvidia, made a notable appearance at Samsung Electronics’ booth during the annual GTC 2024 developers’ conference in San Jose, California. There, he left a handwritten signature on Samsung’s upcoming high-bandwidth memory chip, HBM3E, fueling expectations of a stronger partnership between the two companies. On [...]
SEOUL, Mar. 21 (Korea Bizwire) — South Korea’s exports rose 11.2 percent on-year in the first 20 days of March on surging global demand for semiconductors, data showed Thursday. Outbound shipments reached US$34.13 billion in the March 1-20 period, compared with $30.69 billion tallied a year earlier, according to the data from the Korea Customs [...]
SEOUL, Mar. 21 (Korea Bizwire) — Industry Minister Ahn Duk-geun said Thursday the government will proactively support the semiconductor industry, and accelerate the development of high-bandwidth memory and artificial intelligence chips to achieve the annual export target of US$120 billion. “The government will support the timely establishment of related infrastructure, secure competitive technologies, promote exports, [...]
SEOUL, Mar. 20 (Korea Bizwire) — Samsung Electronics Co., the world’s largest maker of memory chips, said Wednesday that macroeconomic uncertainties are expected to be high this year but vowed to embrace a new opportunity in the rise of artificial intelligence (AI). “Although uncertainties in the macroeconomic environment are expected to be high this year, [...]
SEOUL, Mar. 20 (Korea Bizwire) – POSCO Holdings, a major South Korean steelmaker listed on the KOSPI index, has seen a precipitous drop in foreign shareholdings over the past year, as global investors grow increasingly wary of the company’s climate impact and carbon footprint. According to data from the Korea Exchange, foreign ownership of POSCO Holdings [...]
SEOUL, Mar. 20 (Korea Bizwire) – Samsung Electronics is running its domestic production lines for the Bespoke AI Combo at full capacity to keep up with robust consumer demand, aiming to ensure smooth delivery of the innovative laundry solution. Samsung announced on March 19 that the Bespoke AI Combo had an impressive start, selling 1,000 units [...]
SEOUL, Mar. 19 (Korea Bizwire) — South Korean chipmaker SK hynix Inc. said Tuesday it has started mass production of the latest high band width memory (HBM) chips, solidifying its leadership position in the high-performance artificial intelligence (AI) memory semiconductor sector. It came seven months after the company announced the development of the fifth-generation HBM3E [...]