SEOUL, Aug. 21 (Korea Bizwire) — Samsung Display Co. has trimmed down production of liquid crystal displays (LCD) in response to worsening profits, seen as shifting its focus to a new type of organic light-emitting diode (OLED) panel, industry officials said Wednesday. The display making subsidiary of Samsung Electronics Co. has cut LCD production at [...]
SEOUL, Aug. 20 (Korea Bizwire) — SK Innovation Co., a major electric vehicle (EV) battery maker in South Korea, said Tuesday it plans complete the development of a battery recycling technology by the end of this year to beef up its competitiveness in the industry. SK Innovation said it is working to find solutions to [...]
SEOUL, Aug. 16 (Korea Bizwire) — Samsung Electronics Co.’s share in the global NAND flash market and its revenue increased in the second quarter from a quarter ago thanks to demand recovery in some key products, an industry report said Friday. Samsung’s NAND shipments grew by 30 percent in the April-June period on the back [...]
SEOUL, Aug. 15 (Korea Bizwire) – SK Innovation Co., South Korea’s biggest refiner, said Thursday it will borrow 800 billion won (US$658 million) overseas by next year to invest in car battery and battery separator plants. SK Innovation has increased in the battery business as it sees a new growth driver for the country’s third-biggest [...]
SEOUL, Aug. 14 (Korea Bizwire) — South Korea’s electric vehicle (EV) battery makers are expected to face fierce competition in Europe in the upcoming years as European companies are ramping up efforts to expand their clout in the fast-growing sector, a trade organization here said Wednesday. LG Chem Ltd., Samsung SDI Co., and SK Innovation [...]
SEOUL, Aug. 13 (Korea Bizwire) — South Korea’s top steelmaker POSCO said Tuesday its cryogenic high manganese steel (HMS) has earned government approval as a material reliable for manufacturing land-based liquefied natural gas (LNG) storage tanks. POSCO completed the development of world’s first cryogenic HMS in 2013 after six years of research. The company said [...]
SEOUL, Aug. 9 (Korea Bizwire) — Samsung Electronics Co. raised its share in the global DRAM market in the second quarter thanks to some recovery demand in the server sector, but revenues fell due to slumping prices, a market researcher said Friday. Samsung’s market share in the DRAM market stood at 45.7 percent in the [...]
SEOUL, Aug. 8 (Korea Bizwire) — Demand for foldable panels is expected to grow rapidly in the next five years in different market segments, with Samsung Electronics Co. poised to lead the new trend, a market researcher said Thursday. Foldable displays for smartphones, tablets and notebooks are anticipated to expand from 360,000 units in 2019 [...]
SEOUL, Aug. 2 (Korea Bizwire) — The city of Yongin, Gyeonggi Province, with plans to establish an industrial complex for semiconductors, is looking into the best practices of companies in the Silicon Valley. Yongin mayor Baek Kun-ki visited the cities of San Jose and Santa Clara in California from July 29 to 31 to discuss [...]
SEOUL, Jul. 31 (Korea Bizwire) — When it comes to autonomous transportation, self-driving or autonomous cars backed by artificial intelligence, big data and lots of sensors springs to mind. But the highly touted technology is just not confined to on land or in the air — autonomous driving is also one of the hot topics [...]