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 [...]
SEOUL, Nov. 2 (Korea Bizwire) — Samsung Electronics Co., the world’s largest memory chip maker, is agonizing over its growing stockpile of inventory amid a slowdown in chip demand worldwide. According to company data, its third-quarter inventory assets amounted to 57.3 trillion won (US$40.4 billion) after passing the 41 trillion won mark in the fourth [...]
SEOUL, Oct. 26 (Korea Bizwire) — SK hynix Inc. reported its third-quarter earnings Wednesday, falling short of analysts’ expectations on the top and bottom lines, amid a cyclical downturn of the global semiconductor industry. The chipmaker’s third-quarter net income was 1.1 trillion won (US$769.4 million), down 66.7 percent from a year earlier, according to a [...]
SEOUL, Oct. 21 (Korea Bizwire) — SK hynix Inc., the world’s second-largest memory chip maker, is expected to report disappointing third-quarter earnings next week, analysts said Friday, marking a sharp departure from record-breaking performances for the past few years, amid a cyclical downturn of the global semiconductor industry. SK hynix’s operating profit for the three [...]
SEOUL, Oct. 14 (Korea Bizwire) — South Korea has drawn investment of a combined US$20 billion from Dutch and German semiconductor companies, the industry ministry said Friday. The investment pledges were made as Moon Dong-min, a deputy minister for trade and investment, visited the Netherlands and Germany for trade talks earlier this week, according to [...]