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SK hynix Posts Worst Profit in Over 3 Years in Q3 on Weak Memory Chips

SK hynix Posts Worst Profit in Over 3 Years in Q3 on Weak Memory Chips

SEOUL, Oct. 24 (Korea Bizwire) — SK hynix Inc. said Thursday its net profit for the third quarter dipped to the lowest level in more than three years on weak memory chip prices and global demand, but said it expected the memory industry to recover next year on adoption of 5G smartphones. The net profit [...]

Samsung Electronics’ Q3 Earnings More than Halve, Beat Market Consensus

Samsung Electronics’ Q3 Earnings More than Halve, Beat Market Consensus

SEOUL, Oct. 8 (Korea Bizwire) — Samsung Electronics Co. said Tuesday its operating earnings plunged 56 percent in the third quarter from a year earlier, mainly hit by continuing falls in global chip prices, but its performance was better than the market had expected. The operating profit was estimated at 7.7 trillion won (US$6.4 billion) [...]

Samsung Electronics Likely to Report 60.2 pct Plunge in Q3 Operating Profit

Samsung Electronics Likely to Report 60.2 pct Plunge in Q3 Operating Profit

SEOUL, Sept. 29 (Korea Bizwire) — Samsung Electronics Co., the world’s largest maker of memory chips and smartphones, is likely to report a 60.2 percent plunge in its third-quarter operating profit, hit by continuing falls in chip prices, an industry report showed Sunday. According to the report by Seoul-based financial market tracker FnGuide, Samsung is [...]

SK Siltron to Acquire DuPont’s Wafer Business for $450 mln

SK Siltron to Acquire DuPont’s Wafer Business for $450 mln

SEOUL, Sept. 10 (Korea Bizwire) — SK Siltron Co., a semiconductor material producer under SK Group, said Tuesday it will acquire DuPont’s wafer business as part of efforts to beef up its advanced material business. SK Siltron said its board members approved a plan to purchase DuPont’s silicon carbide (SiC) wafer business for US$450 million. [...]

Samsung Unveils Integrated 5G Chipset for Smartphone

Samsung Unveils Integrated 5G Chipset for Smartphone

SEOUL, Sept. 4 (Korea Bizwire) — Samsung Electronics Co. on Wednesday introduced a 5G chipset that combines an integrated modem and mobile processors, which can save battery life and space in smartphones. Samsung, the world’s largest chip and smartphone maker, has been working on a mobile processor with a 5G modem built inside, which would [...]

Samsung’s Q2 NAND Market Share, Revenue Up Despite Industry Slump

Samsung’s Q2 NAND Market Share, Revenue Up Despite Industry Slump

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 [...]

Samsung Bolsters 5G Push with Integrated Chipset Launch This Year

Samsung Bolsters 5G Push with Integrated Chipset Launch This Year

SEOUL, Aug. 13 (Korea Bizwire) — Samsung Electronics Co. plans to launch an integrated 5G chipset later this year to power upcoming 5G smartphones while decreasing size and power consumption, industry officials said Tuesday. Samsung, the world’s largest chip and smartphone maker, has been working on a mobile processor with a 5G modem built inside, [...]

Yongin Mayor Visits Silicon Valley amid Plans for New Semiconductor Industrial Complex

Yongin Mayor Visits Silicon Valley amid Plans for New Semiconductor Industrial Complex

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 [...]