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S. Korea Seeks to Expand Presence in Foundry, Non-memory Biz

S. Korea Seeks to Expand Presence in Foundry, Non-memory Biz

SEOUL, Apr. 22 (Korea Bizwire) — South Korea’s major chipmakers are stepping up efforts to expand their presence in the foundry and non-memory businesses to diversify portfolios that heavily rely on memory chips in search of new growth engines, industry officials said Monday. Samsung Electronics Co. and SK hynix Inc. hold over 60 percent of [...]

Samsung Aims for Chip Foundry Market with Latest Fab Technology

Samsung Aims for Chip Foundry Market with Latest Fab Technology

SEOUL, Apr. 16 (Korea Bizwire) — Samsung Electronics Co. said Tuesday that it has completed the development of its latest fabrication process technology, bolstering its bid to expand its presence in the global foundry market. Samsung, the world’s largest memory chip maker, said the development of its 5-nanometer (nm) FinFET process technology is complete and [...]

Samsung’s Q1 Profit Dips 60.4 pct On-year on Weak Memory Chip Market

Samsung’s Q1 Profit Dips 60.4 pct On-year on Weak Memory Chip Market

SEOUL, Apr. 5 (Korea Bizwire) — Samsung Electronics Co. said Friday its operating earnings likely plunged in the first quarter from a year earlier amid falling memory chip prices and weak demand for display panels. The operating profit was estimated at 6.2 trillion won (US$5.45 billion) in the January-March period, a 60.4 percent drop from [...]

S. Korea Eyes Non-memory Chips as New Growth Engine

S. Korea Eyes Non-memory Chips as New Growth Engine

SEOUL, Apr. 1 (Korea Bizwire) — The party is over for South Korean memory chip makers after a two-year boom, and deep-pocketed industry leaders are now looking to the future to find the new growth drivers in the non-memory chip business. Samsung Electronics Co. and SK hynix Inc., the world’s two largest memory chip makers, [...]

SK hynix Unveils 1.2 tln-won Support Plan for Semiconductor Cluster

SK hynix Unveils 1.2 tln-won Support Plan for Semiconductor Cluster

SEOUL, Mar. 28 (Korea Bizwire) — SK hynix Inc., South Korea’s No. 2 chipmaker, on Thursday unveiled a 1.2 trillion-won (US$1.05 billion) support plan for subcontracting firms and their R&D projects as it won approval for its plan to build a semiconductor cluster in the Seoul metropolitan area. Under the project, valued at 120 trillion [...]

SK hynix Wins Nod to Build Semiconductor Cluster Near Seoul

SK hynix Wins Nod to Build Semiconductor Cluster Near Seoul

SEOUL, Mar. 27 (Korea Bizwire) — SK hynix Inc., South Korea’s No. 2 chipmaker, on Wednesday won approval for its plan to build a semiconductor cluster in the Seoul metropolitan area as the government decided to lift development regulations in the region. The update on the project, valued at 120 trillion won (US$136 billion) came [...]

Samsung, SK hynix Suffer Sharp Cuts in Earnings Forecasts

Samsung, SK hynix Suffer Sharp Cuts in Earnings Forecasts

SEOUL, Mar. 19 (Korea Bizwire) – South Korean brokerage houses have sharply downgraded their first-quarter earnings forecasts for Samsung Electronics Co. and SK hynix Inc., citing tumbling memory chip prices, a corporate tracker said Tuesday. The market consensus of Samsung’s operating profit for the January-March period stands at 8.33 trillion won (US$7.36 billion), down about 47 percent [...]

Samsung Expected to Lose No. 1 Semiconductor Supplier Rank to Intel: Report

Samsung Expected to Lose No. 1 Semiconductor Supplier Rank to Intel: Report

SEOUL, Mar. 8 (Korea Bizwire) — South Korean tech giant Samsung Electronics Co. may relinquish its top semiconductor supplier’s rank to U.S. chipmaker Intel Corp. this year due to the cooling memory chip market, an industry report showed Friday. With 83 percent of Samsung’s semiconductor sales relying on memory devices, such as DRAM and NAND [...]