SEOUL, March 2 (Korea Bizwire) — SK Siltron Co., a semiconductor material producer under South Korea’s SK Group, said Monday it has completed the acquisition of DuPont de Nemours Inc.’s wafer business. In September last year, SK Siltron signed an agreement to purchase DuPont’s silicon carbide (SiC) wafer unit for US$450 million to beef up [...]
SEOUL, March 2 (Korea Bizwire) — The market share of South Korea’s major electric vehicle (EV) battery producers reached a record high last month, industry data showed Monday. Based on the global usage of their EV batteries, the combined market share of three South Korean EV battery makers — LG Chem Ltd., Samsung SDI Co. [...]
SEOUL, Feb. 25 (Korea Bizwire) — LG Chem Ltd., South Korea’s largest chemicals company, said Tuesday it will supply batteries to American electric carmaker Lucid Motors by 2023. LG Chem said it has signed a deal to supply cylindrical batteries for the Lucid Air luxury sedan, which will be launched for mass production in the [...]
SEOUL, Feb. 22 (Korea Bizwire) — Samsung Electronics Co. said Saturday it has temporarily shut down a smartphone plant in the southeastern city of Gumi, shortly after a plant employee tested positive for the new coronavirus. Samsung plans to complete disinfection work at the plant in Gumi, 260 kilometers southeast of Seoul, by Sunday and [...]
SEOUL, Feb. 20 (Korea Bizwire) — Samsung Electronics Co., the world’s largest memory chipmaker, said Thursday its new semiconductor fabrication line in South Korea using extreme ultraviolet (EUV) lithography technology has begun mass production. The South Korean tech giant said the EUV-equipped facility, named V1, in Hwaseong, south of Seoul, can produce chips using a [...]
SEOUL, Feb. 20 (Korea Bizwire) — The new coronavirus outbreak is expected to deal a fresh blow to South Korean oil refiners and chemical makers already reeling from worsening profits, industry sources said Thursday. The pessimistic outlook comes as South Korean refineries’ exports to China, their largest overseas market, are projected to drop sharply because [...]
SEOUL, Feb. 20 (Korea Bizwire) — SK hynix Inc., the world’s No. 2 memory chipmaker, said Thursday that about 800 workers at its South Korean headquarters have entered self-quarantine after a new recruit was found to have had contact with a new coronavirus patient. The employee later tested negative, but the company kept the quarantine [...]
SEOUL, Feb. 20 (Korea Bizwire) — A labor union will be established at Samsung Display Co., the third Samsung Group affiliate with a labor union following Samsung Electronics Co. and Samsung Fire & Marine Insurance Co. Samsung Display’s new labor union, under the auspices of the Federation of Korean Trade Unions (FKTU), announced its establishment [...]
SEOUL, Feb. 16 (Korea Bizwire) — The U.S International Trade Commission (ITC) has made a preliminary ruling in favor of LG Chem Ltd. over its local rival SK Innovation Co. in their electric vehicle (EV) battery trade secret litigation, officials here said Sunday. “This preliminary ruling means that the ITC accepted LG Chem’s claims and [...]
JEJU, Feb. 11 (Korea Bizwire) — When asked about Jeju’s main exports, the majority of people think of various marine products or citrus fruits. However, semiconductors were the top export for Jeju-based companies in 2019. According to statistics from the Korea Customs Service, semiconductors accounted for 47 percent of the total exports of US$140 million [...]