SEOUL, Oct. 14 (Korea Bizwire) – Demand for global artificial intelligence (AI) chips is expected to reach a short-term peak in 2028, according to a market outlook shared Tuesday, potentially to help double sales of South Korean-made chips from current levels. Roh Geun-chang, the head of Hyundai Motor Securities Co.’s research center, made such an [...]
SEOUL, Oct. 10 (Korea Bizwire) — Samsung Electronics is counting on its next-generation mobile processor, the Exynos 2600, to pull its struggling system semiconductor division out of a prolonged slump marked by quarterly losses exceeding 2 trillion won. According to industry officials, Samsung has recently begun mass production of the Exynos 2600, a flagship mobile [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Korea’s semiconductor rally is spilling over into smaller suppliers, as investor optimism over improving memory prices boosts not only giants like Samsung Electronics and SK hynix but also makers of materials, components and equipment. On Monday, Samsung Electronics closed up 4.77 percent at 83,500 won, touching an intraday [...]
SEOUL, Aug. 20 (Korea Bizwire) — The government on Wednesday announced a set of measures aimed at stabilizing supply chains in the nation’s strategic industries, with support extending to “every stage” of the industrial process, the finance ministry said. The Ministry of Economy and Finance said the measures will focus on sectors particularly vulnerable to [...]
SEOUL, Aug. 17 (Korea Bizwire) — Samsung Electronics reported a decline in first-half revenue from China, citing mounting U.S. sanctions, weakening demand, and intensifying local competition, while sales in the United States grew, buoyed by robust demand from Big Tech firms investing in AI infrastructure. According to the company’s semiannual report released Sunday, Samsung’s exports to [...]
SEOUL, Aug. 7 (Korea Bizwire) — Samsung Electronics has secured two major deals with global tech giants Tesla and Apple, signaling a potential turnaround for its long-struggling System LSI and foundry divisions. The company recently landed a record-breaking 23 trillion won ($16.5 billion) order from Tesla, followed by confirmation that it will begin supplying image [...]
SEOUL, July 24 (Korea Bizwire) — South Korean chipmaker SK hynix will pay all employees a productivity incentive (PI) bonus equivalent to 150% of their monthly base salary for the first half of 2025, the company announced Tuesday. The move reflects the firm’s exceptional financial performance, driven by its dominant position in the high-bandwidth memory [...]
SEOUL, July 18 (Korea Bizwire) — Samsung E&A Co., a plant builder under Samsung Group, said Friday it has won a 909.6 billion-won (US$653.2 million) order to work on a semiconductor facility for Samsung Electronics Co., another key affiliate of the conglomerate. Samsung E&A will conduct finishing work for Phase 4 of the P4 plant [...]
HBM boom propels SK hynix to global leadership in shifting memory landscape SEOUL, June 5 (Korea Bizwire) — In a historic reshuffling of the global memory chip hierarchy, SK hynix has edged past long-dominant rival Samsung Electronics in dynamic random access memory (DRAM) market share — the first such shift since Samsung took the top [...]
SEOUL, May 30 (Korea Bizwire) — Following a historic year of profitability, the white-collar labor union at SK Hynix has entered annual wage negotiations with a bold proposal: an 8.25% salary increase alongside expanded performance bonuses and benefits. The first round of 2025 wage talks was held on May 28 at the company’s Icheon campus, marking [...]