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SK hynix Completes 576 bln-won Acquisition of Chip Contract Firm Key Foundry

SK hynix Completes 576 bln-won Acquisition of Chip Contract Firm Key Foundry

SEOUL, Aug. 2 (Korea Bizwire) — SK hynix Inc., South Korea’s second-largest chipmaker, said Tuesday it has wrapped up a 576 billion-won (US$492 million) acquisition of local chip contract manufacturer Key Foundry. The company said it has recently completed the official acquisition process of the 8-inch wafer foundry manufacturer from Magnus Investment Partners LLC, a [...]

SK, Tokuyama Start Off Construction for Semiconductor Cleaning Agent Plant in S. Korea

SK, Tokuyama Start Off Construction for Semiconductor Cleaning Agent Plant in S. Korea

SEOUL, Aug. 1 (Korea Bizwire) — SK Geocentric Co., a chemical unit of South Korea’s SK Group, said Monday the construction began for the joint factory with Japan’s Tokuyama Corp. to produce a high-purity cleaning agent for semiconductors. SK Geocentric CEO Na Kyung-soo, Hiroshi Yokota, president of Tokuyama, and other officials attended the groundbreaking ceremony [...]

SK hynix Logs Record Sales in Q2, Warns Weak Demand in 2nd Half

SK hynix Logs Record Sales in Q2, Warns Weak Demand in 2nd Half

SEOUL, July 27 (Korea Bizwire) — SK hynix Inc. said Wednesday it logged record quarterly sales and the best second-quarter operating profits in four years, driven by the sales of NAND flash and positive currency effects. The world’s second-largest memory chip maker reported its second-quarter net income of 2.87 trillion won (US$2.2 billion), up 44.7 [...]

Samsung Holds Ceremony to Mark 1st Shipment of Most Advanced 3nm Chips

Samsung Holds Ceremony to Mark 1st Shipment of Most Advanced 3nm Chips

SEOUL, July 25 (Korea Bizwire) — Samsung Electronics Co. on Monday marked the first shipment of 3-nanometer semiconductors at a ceremony, a key milestone in the race to build the most advanced and efficient chips to date. The next-generation 3nm chips are built on Gate-All-Around (GAA) technology, which Samsung said will eventually allow an area [...]

Samsung Weighs Building 11 More Chip Plants in U.S. over Next Two Decades

Samsung Weighs Building 11 More Chip Plants in U.S. over Next Two Decades

SEOUL, July 22 (Korea Bizwire) — Samsung Electronics Co. floated an idea of investing nearly US$200 billion to build 11 more chip plants in the United States over the next two decades, documents filed with the state of Texas showed Friday. The proposed investment is described in South Korean tech giant’s applications filed with the [...]

S. Korea to Expand Financial, Manpower Support to Promote Chipmakers’ Investment

S. Korea to Expand Financial, Manpower Support to Promote Chipmakers’ Investment

SEOUL, July 21 (Korea Bizwire) – South Korea will offer more tax incentives and financial support to chipmakers and nurture 150,000 experts in the field in an effort to encourage the firms to push ahead with their investment plans without a hitch, the industry ministry said Thursday. Major tech companies, including Samsung Electronics Co. and [...]

Gov’t Pushing to Nurture 150,000 Semiconductor Talents Over Next 10 yrs

Gov’t Pushing to Nurture 150,000 Semiconductor Talents Over Next 10 yrs

SEOUL, July 19 (Korea Bizwire) — South Korea plans to nurture about 150,000 semiconductor talents over the next 10 years to help keep up its competitive edge in chipmaking and tackle manpower shortages facing domestic chipmakers, Education Minister Park Soon-ae said Tuesday. The plan came as the government is making a renewed push to support [...]