SEOUL, Aug. 16 (Korea Bizwire) — Samsung Electronics Co. has said it sold part of its stake in the Dutch chip equipment maker ASML Holdings N.V. to secure cash flows amid the chip slowdown. The South Korean tech giant’s semi-annual report released on Monday showed that Samsung’s shares in Veldhoven-based ASML fell to 2.75 million, [...]
SEOUL, Aug. 16 (Korea Bizwire) — Samsung Electronics Co. will supply next-generation artificial intelligence (AI) semiconductors to U.S. AI solutions firm Groq, the U.S. company has said. The California-based fabless said Sunday (U.S. time) it contracted with Samsung Foundry to “solidify Groq’s product roadmap with a U.S.-based foundry services provider.” Groq’s new chips will “be [...]
SEOUL, Aug. 10 (Korea Bizwire) — Samsung Electronics Co. said Thursday it will hold Memory Tech Day 2023 in October in the United States to share its newest chip technologies and products with technicians and industry officials worldwide. The event is scheduled to take place in San Jose, California, on Oct. 20, beginning with an [...]
SEOUL, Aug. 6 (Korea Bizwire) – Samsung Electronics Co. retained its top spot in the global memory chip market in the first quarter despite lackluster earnings amid the chip glut, a report showed Sunday. SK hynix Inc., on the other hand, was pushed back to third place from No. 2 compared with a year earlier, [...]
SEOUL, July 26 (Korea Bizwire) — SK hynix Inc. said Wednesday it logged losses for three quarters in a row as a demand slump continued amid macroeconomic woes, but it called the bottom on the chip market. The world’s second-largest memory chip maker said in a regulatory filing its operating losses amounted to 2.88 trillion [...]
SEOUL, July 25 (Korea Bizwire) — The Ministry of Science and ICT said Monday it will introduce a new service aimed at assisting university and graduate school students specializing in semiconductors, enabling them to develop and validate their chip designs effectively. Dubbed the “My Chip” service, it allows students to produce their chip designs at [...]
SEOUL, July 17 (Korea Bizwire) — Samsung Electro-Mechanics Co., a major electronics components maker, said Sunday it will commence mass production of power inductors specifically designed for cameras in self-driving and electric vehicles. A power inductor is a component necessary to supply stable electricity coming from the battery to the semiconductor. The company’s developed power [...]
SEOUL, July 10 (Korea Bizwire) — SK hynix Inc. said Monday it was mulling selling a water processing facility to SK reit Co. to secure funds for future investment and enhance financial soundness. The world’s second-largest memory chip maker said the potential sale of the “non-core asset” to the real estate investment trust company, another [...]
SEOUL, July 5 (Korea Bizwire) — SK hynix Inc. said Wednesday it received the AAA certification from the South Korean government for a voluntary compliance trader of strategic assets. The Ministry of Trade, Industry and Energy upgraded SK hynix’s status by one notch to the highest level of the three-tier system for trading key products [...]
SEOUL, July 4 (Korea Bizwire) — SK Square, a non-telecom spinoff of SK Telecom Co., announced on Tuesday that it would form a partnership with SK hynix Inc., Shinhan Financial Group Co., and LIG Nex1 Co. to establish TGC Square, an investment corporation for foreign chipmakers. The consortium aims to raise 100 billion won (US$76.8 [...]