SEOUL, March 27 (Korea Bizwire) — Samsung Electronics is likely to report poor results in its chip business next month, analysts said Monday, as the ongoing global economic challenges that have resulted in reduced consumer demand negatively affect the company’s performance. Samsung’s Device Solution (DS) division, which oversees its chip business, is forecast to make [...]
SEOUL, March 26 (Korea Bizwire) — Samsung Electronics Executive Chairman Lee Jae-yong has visited a semiconductor components manufacturing site in China run by a Samsung affiliate, the company said Sunday, in the first such trip to the neighboring country in three years. Lee visited the manufacturing facility in Tianjin, operated by Samsung Electro-Mechanics Co., on [...]
SEOUL, March 22 (Korea Bizwire) — South Korean chipmakers appeared to breathe a sigh of relief Wednesday, as the U.S. government’s new rules for the Chips Act, announced last night, were less stringent than had been previously feared. Washington said late last month it would ban any recipient of federal money from the US$53 billion [...]
SEOUL, March 15 (Korea Bizwire) — South Korea will create the world’s largest semiconductor cluster in Yongin, located in the Seoul metropolitan area, by earmarking 300 trillion won (US$229.81 billion) as part of efforts to secure a competitive edge in the sector and to further the country’s economic growth momentum, the industry ministry said Wednesday. [...]
SEOUL, March 13 (Korea Bizwire) — In the late 1980s, Japan was a semiconductor powerhouse, accounting for more than 50 percent of sales by country and region. However, Japan’s semiconductor industry has declined, and the market is now dominated by Taiwan and South Korea, with the U.S. perceiving China’s growth as a threat. The U.S. [...]
SEOUL, March 7 (Korea Bizwire) — Samsung Electronics Co., the world’s largest memory chipmaker, saw inventory held by its chipmaking division shot up 76.6 percent last year amid weak demand for chips around the globe, its annual report showed Tuesday. According to the report, its chipmaking unit’s inventory reached 29.06 trillion won (US$22.3 billion) at [...]
SEOUL, March 5 (Korea Bizwire) — Inventory of South Korean chipmakers has increased to a nearly 26-year high in January, data showed Sunday, reflecting the sluggish global demand amid the economic uncertainties. The inventory-to-sales ratio of chips came to 265.7 percent in January, the highest since 288.7 percent posted in March 1997, according to the [...]
SEOUL, March 2 (Korea Bizwire) — Washington’s Chips Act and its requirements for companies receiving incentives are likely to put South Korean chipmakers’ ability to navigate business uncertainties and balance between the United States and China to the test. The Biden administration on Tuesday announced conditions for subsidies under the US$53 billion act, designed to [...]
SEOUL, Feb. 28 (Korea Bizwire) — South Korea plans to invest 54 billion won (US$40.8 million) over the next four years to help universities nurture about 400 semiconductor majors every year, officials said Tuesday. The plan by the Education Ministry comes as the country, home to such semiconductor giants as Samsung Electronics and SK hynix, [...]
SEOUL, Feb. 27 (Korea Bizwire) — Samsung Electro-Mechanics Co., a major electronics parts maker in South Korea, said Sunday it had developed an advanced driver assistance systems (ADAS)-applicable flip chip ball grid array (FCBGA) and will expand its product lineup for automotive electronics. The newly-developed FCBGA is a substrate for high-performance self-driving systems that is [...]