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Samsung Confirms Additional $8 bln Investment into Xian-based Chip Plant

Samsung Confirms Additional $8 bln Investment into Xian-based Chip Plant

SEOUL, Dec. 13 (Korea Bizwire) — Samsung Electronics Co. will invest an additional US$8 billion into its memory chip plant in Xian, China, officials confirmed Thursday, as the South Korean tech giant further expands its presence in the world’s second largest economy. According to Chinese media and Xian’s municipal government, Kang Bong-yong, a Samsung Electronics [...]

Court Rules in Favor of FTC over Record Fine Against Qualcomm

Court Rules in Favor of FTC over Record Fine Against Qualcomm

SEOUL, Dec. 4 (Korea Bizwire) — A Seoul court ruled in favor of South Korea’s antitrust regulator Wednesday, saying that the watchdog’s 2016 decision to impose a record fine on U.S. chipmaker Qualcomm Inc. for unfair business practices was justifiable. The ruling will be a setback for Qualcomm, which challenged the Fair Trade Commission’s (FTC) [...]

S. Korea’s Chip, Display Industries Intact from Japan’s Export Curbs

S. Korea’s Chip, Display Industries Intact from Japan’s Export Curbs

SEOUL, Nov. 24 (Korea Bizwire) — South Korea’s chip and display industries, the backbone of Asia’s No. 4 economy, have remained intact since Tokyo’s export curbs against the Asian neighbor, Seoul’s trade ministry said Sunday. The country’s top four tech giants — Samsung Electronics Co., Samsung Display Co., SK hynix Inc. and LG Display Co. [...]

LG, Qualcomm to Develop Automotive Infotainment Platform

LG, Qualcomm to Develop Automotive Infotainment Platform

SEOUL, Oct. 30 (Korea Bizwire) — South Korean electronics maker LG Electronics Inc. and U.S. chipmaker Qualcomm Inc. will join hands to develop an in-vehicle infotainment platform for connected cars, the companies said Wednesday. LG Electronics and Qualcomm have signed a strategic partnership to develop the automotive platform, which combines entertainment and information delivery for [...]

IT Exports Struggle as Semiconductor Exports Falter

IT Exports Struggle as Semiconductor Exports Falter

SEOUL, Oct. 28 (Korea Bizwire) — Due to dwindling semiconductor exports, the proportion of information and technology (IT) products among all South Korean exports reached a seven-year low this year. According to the Korea International Trade Association, South Korea recorded US$90.7 billion in exports of IT products including semiconductors, displays, and others between January and [...]

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 [...]