SEOUL, April 7 (Korea Bizwire) — Samsung Electronics Co. on Friday said it cut memory production in the short term, as its quarterly profit plunged significantly amid the chip downturn, in a sharp departure from its previous position that it would not artificially reduce output. The world’s largest memory chip and smartphone maker earlier in [...]
SEOUL, April 6 (Korea Bizwire) — Samsung Electronics Co. said Thursday it has extended a multiyear agreement with AMD Inc. to use the U.S. chip firm’s latest graphics solutions to upgrade the Samsung Exynos mobile processor and boost mobile gaming experiences. The partnership will help bring “console-level graphics quality and optimized power consumption to more [...]
DAEJEON, April 5 (Korea Bizwire) — The Korean Intellectual Property Office (KIPO) has revealed that it will be establishing a Semiconductor Examination Task Force that will be dedicated to reviewing patents related to chip technology. The patent office and the Ministry of the Interior and Safety said Tuesday that the amendment to the former’s organizational [...]
SEOUL, April 4 (Korea Bizwire) — Ahead of the announcement of preliminary first-quarter earnings results scheduled to be released on Friday, Samsung Electronics Co. is under close watch to see whether its stance on production cutbacks will change. Previously, the world’s largest memory chip maker dismissed the possibility of artificial production cuts. But there are [...]
SEOUL, March 30 (Korea Bizwire) — South Korea’s semiconductor industry is complaining over the U.S. CHIPS and Science Act for requiring companies to submit information about production yield, which is regarded as sensitive and confidential data within the industry. Earlier this week, the U.S. Commerce Department released new requirements for chipmakers seeking federal grants for [...]
SEOUL, March 29 (Korea Bizwire) — SK hynix Inc. is not sure yet whether to apply for U.S. government grants under the Chips Act, the chipmaker’s top executive said Wednesday, calling the process too complicated. While the application is under serious consideration, “we found the process too demanding,” Park Jung-ho, vice chair and co-CEO of [...]
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. [...]