SEOUL, Sept. 13 (Korea Bizwire) – A recent study has revealed that 27 non-owning executives of South Korean companies with market capitalizations exceeding 2 trillion won hold stock wealth valued at over 10 billion won each, highlighting a growing trend of wealth accumulation among professional managers in the country’s booming tech sector. The Korea CXO Institute, [...]
SEOUL, Sept. 12 (Korea Bizwire) – Samsung Electronics’ ambitious push into advanced chip manufacturing in the United States has encountered a significant setback, with the company recalling a majority of its Korean employees from its Taylor, Texas foundry project. This move signals a pause in the semiconductor giant’s drive to challenge Taiwan’s TSMC in the cutting-edge [...]
SEOUL, Sept. 3 (Korea Bizwire) – SK hynix Inc., the world’s second-largest memory chipmaker, is developing next-generation high bandwidth memory (HBM) products to meet booming global demand for artificial intelligence and higher performance computing, a senior executive said Tuesday. “Demand for improvement in memory bandwidth is increasing following a spike in data traffic in the [...]
SEOUL, Sept. 2 (Korea Bizwire) — With the semiconductor industry experiencing a boom leading to a vibrant job market, South Korean tech giants are facing a growing dilemma: how to prevent technology leaks while competing for top talent. Industry leaders like Samsung Electronics and SK Hynix routinely require employees to sign non-compete agreements, typically barring them [...]
SEOUL, Aug. 29 (Korea Bizwire) — SK hynix Inc., the world’s second-largest memory chip maker, said Thursday it has developed the world’s first 16 gigabyte DDR5 chip using the sixth generation of the 10 nanometer chipmaking technology. According to SK hynix, the new product comes with an improvement in cost competitiveness when compared with the [...]
SEOUL, Aug. 19 (Korea Bizwire) — Sapeon Korea Inc. and Rebellions Inc., two artificial intelligence (AI) chipmakers in South Korea, have signed a formal merger agreement. In June, the two companies said they sought a merger as they seek to improve competitiveness in the global market for AI chips. The merged entity will be named [...]
SEOUL, Aug. 15 (Korea Bizwire) – The South Korean government is set to deploy a substantial semiconductor ecosystem fund starting in the third quarter of this year, targeting fabless chip design companies for scale-ups and mergers and acquisitions (M&A). This move is part of a broader strategy to expand the country’s semiconductor value chain beyond memory [...]
SEOUL, Aug. 11 (Korea Bizwire) – South Korea’s memory chip exports to Taiwan surged over 225 percent in the first half from a year earlier on robust demand for high-performance high bandwidth memory (HBM) products sparked by the fast growth of the global artificial intelligence (AI) market, data showed Sunday. Outbound shipments of memory chips [...]
SEOUL, Aug. 11 (Korea Bizwire) – The semiconductor and automobile industries led South Korea’s exports in the second quarter, with the items accounting for a record high of more than 30 percent of total outbound shipments, data showed Sunday. Combined exports of chips and cars reached US$54.3 billion in the April-June period, taking up the [...]
SEOUL, Aug. 9 (Korea Bizwire) – Seoul Semiconductor, a South Korean optoelectronics company, has achieved a historic milestone by becoming the world’s top supplier of backlight LEDs, surpassing long-time industry leader Nichia of Japan. According to a report released by market research firm Omdia, Seoul Semiconductor captured 16.5% of the global backlight LED market in 2023, [...]