SEOUL, Jan. 11 (Korea Bizwire) – SK hynix Inc., a major South Korean chipmaker, said Wednesday it has raised US$1 billion by selling a so-called sustainability-linked bond (SLB). An SLB is a type of bond for which the interest rates can vary depending on whether the issuer achieves predefined environmental, social, and governance management objectives. [...]
SEOUL, Jan. 9 (Korea Bizwire) — U.S. chipmaker Broadcom Inc. offered 20 billion won (US$15.8 million) worth of programs to address concerns about its alleged violation of competition law, South Korea’s antitrust regulator said Monday. The Fair Trade Commission (FTC) has been looking into allegations that Broadcom violated local laws by pressing Samsung Electronics Co. [...]
SEOUL, Jan. 6 (Korea Bizwire) — Samsung Electronics Co. said Friday its fourth-quarter operating profit likely plunged 69 percent from a year earlier due to sliding memory chip prices as an economic slowdown pummeled demand for IT gadgets and servers. The world’s largest memory chip and smartphone maker estimated its October-December operating profit at 4.3 [...]
SEOUL, Jan. 3 (Korea Bizwire) — South Korea will seek to expand tax incentives on strategic industries such as chips amid the heightening competition in the global market, the finance ministry said Tuesday. Under the proposed tax code revision, the government will apply a higher tax credit rate of 15 percent on facility investment in [...]
SEOUL, Dec. 27 (Korea Bizwire) — SK hynix Inc. said Monday it had set up the Sustainability Reporting System (SRS) to comprehensively unveil its environmental, social and governance (ESG)-related data. The SRS will disclose the memory chip maker’s ESG strategies, objectives, activities, performance and policies. A variety of ESG information ranging from the point of orientation [...]
SEOUL, Dec. 6 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it is working with internet portal giant Naver Corp. to develop next-generation artificial intelligence (AI) chips, as part of efforts to improve efficiency of processing large AI data. Samsung, the world’s largest memory chip maker, said its cooperation with Naver will create great synergies [...]
SEOUL, Nov. 22 (Korea Bizwire) — SK hynix Inc., the world’s No. 2 memory chip maker, is slipping in the ranking of market capitalization amid growing concerns about a slump in the semiconductor market. On Monday, SK hynix shares closed at 86,300 won, down 2.38 percent from the previous trading day. The company’s market capitalization [...]
SEOUL, Nov. 16 (Korea Bizwire) — ASML, a Dutch chip equipment maker, on Wednesday held a groundbreaking ceremony of its new semiconductor cluster in South Korea, home to the world’s two biggest memory chip makers. The Dutch firm is building a US$181 million chip cluster in Hwaseong, some 40 kilometers south of Seoul, which will [...]
SEOUL, Nov. 15 (Korea Bizwire) — The CEO of the Dutch chip equipment maker ASML Holding NV said Tuesday building a new chip cluster in South Korea reflects the company’s preparation for sustained growth in what he said is an industry that will only continue to expand. Building a Korean supply base “is a significant [...]
SEOUL, Nov. 3 (Korea Bizwire) — A global chipmaking industry association has established a climate consortium as part of efforts to reduce emissions of greenhouse gases throughout the global chip supply network. According to Semiconductor Equipment and Materials International (SEMI), more than 60 global chipmakers participated as founding members of its new Semiconductor Climate Consortium [...]