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Gov’t to Bolster Chip, Display Industries, Improve Localization

Gov’t to Bolster Chip, Display Industries, Improve Localization

SEOUL, Feb. 8 (Korea Bizwire) — The industry ministry launched a project Thursday to bolster the country’s semiconductor and display sectors through new technology development and localized production. The project will be driven by the “Gap 5″ strategy, under which South Korea will try to maintain a five-year lead compared to emerging economies in the [...]

Samsung Electronics OKs Construction of 2nd Chip Line in S. Korea: Source

Samsung Electronics OKs Construction of 2nd Chip Line in S. Korea: Source

SEOUL, Feb. 7 (Korea Bizwire) — South Korean tech giant Samsung Electronics Co. has approved a preliminary investment plan to set up a second chip-production line near Seoul, an industry source said Wednesday. The Management Committee — the top decision-making body at Samsung Electronics — held a meeting earlier in the day and endorsed the [...]

S. Korea’s Chip Exports Forecast to Continue Strong Growth in 2018: Report

S. Korea’s Chip Exports Forecast to Continue Strong Growth in 2018: Report

SEOUL, Feb. 5 (Korea Bizwire) — South Korean chip exports are expected to continue to post solid growth this year, though its pace may slow down from last year’s exponential expansion, a report showed Sunday. The Korea Institute for Industrial Economics & Trade (KIET) forecast the country’s exports will increase 18.6 percent in 2018, lower [...]

LG Distributes AI Development Tool to All Divisions to Speed Up Growth

LG Distributes AI Development Tool to All Divisions to Speed Up Growth

SEOUL, Dec. 26 (Korea Bizwire) — LG Electronics Inc. said Tuesday it has distributed its artificial intelligence (AI) development tool to all business divisions in line with its efforts to speed up the release of new products equipped with the latest technology. The South Korean tech giant said the development platform, dubbed DeepThinQ 1.0, will [...]

SK hynix Rumored to be Eying Foundry Venture with China

SK hynix Rumored to be Eying Foundry Venture with China

SEOUL, Dec. 20 (Korea Bizwire) — South Korea’s No. 2 chipmaker SK hynix Inc. plans to establish a joint venture in China to expand its foundry business, industry sources said Wednesday. According to the sources, who declined to be identified, SK hynix’s board of directors plans to discuss the establishment of a joint venture specializing [...]

Chips, Petrochemicals Winners, Tourism, Carmakers Losers in 2017

Chips, Petrochemicals Winners, Tourism, Carmakers Losers in 2017

SEOUL, Dec. 18 (Korea Bizwire) — South Korea’s chip and semiconductor firms performed well throughout 2017 to set record-breaking earnings, industry watchers said Monday, while the diplomatic row with Beijing dealt a harsh blow on tourism and automobile businesses. The country’s tech giants saw their earnings soar throughout this year due to the global boom [...]

S. Korea Maintains Dominance over Global DRAM Market in Q3

S. Korea Maintains Dominance over Global DRAM Market in Q3

SEOUL, Dec. 7 (Korea Bizwire) — South Korean tech giants maintained their strong dominance over the global market for dynamic random-access memory (DRAM) chips in the third quarter, data showed Thursday. According to the data compiled by IHS Markit and other industrial sources, Samsung Electronics Co. accounted for 44.5 percent of the market in the [...]

Samsung Starts Mass Production of New System on Chip Based on 10 nm Process

Samsung Starts Mass Production of New System on Chip Based on 10 nm Process

SEOUL, Nov. 29 (Korea Bizwire) — Samsung Electronics Co. said Wednesday it has started mass production of a system on chip (SoC) that uses second generation 10-nanometer (nm) FinFET process technology. The South Korean tech giant said the SoC, which integrates all components of a computer or other electronic system into a single integrated circuit, [...]

China Catching Up to South Korean Industry Says Former ICT Minister

China Catching Up to South Korean Industry Says Former ICT Minister

SEOUL, Nov. 24 (Korea Bizwire) – Apart from semiconductors, a large segment of Chinese industry has already caught up to South Korea according to Chairman Jin Sae-dae of Skylake Investment Co, who said at a “CEO Book Club” congress on November 23 that Chinese companies were progressing rapidly into new business sectors thanks to a [...]