SEOUL, July 10 (Korea Bizwire) — SK hynix Inc. said Monday it was mulling selling a water processing facility to SK reit Co. to secure funds for future investment and enhance financial soundness. The world’s second-largest memory chip maker said the potential sale of the “non-core asset” to the real estate investment trust company, another [...]
SEOUL, July 5 (Korea Bizwire) — SK hynix Inc. said Wednesday it received the AAA certification from the South Korean government for a voluntary compliance trader of strategic assets. The Ministry of Trade, Industry and Energy upgraded SK hynix’s status by one notch to the highest level of the three-tier system for trading key products [...]
SEOUL, July 4 (Korea Bizwire) — SK Square, a non-telecom spinoff of SK Telecom Co., announced on Tuesday that it would form a partnership with SK hynix Inc., Shinhan Financial Group Co., and LIG Nex1 Co. to establish TGC Square, an investment corporation for foreign chipmakers. The consortium aims to raise 100 billion won (US$76.8 [...]
SEOUL, June 28 (Korea Bizwire) — Samsung Electronics Co. on Wednesday said it unveiled a detailed plan for the mass production of chips with a 2 nanometer (nm) process, in a show of confidence in technological prowess and a sign to continue to double down on its foundry, or contract chip making, business. The plan [...]
SEOUL, June 27 (Korea Bizwire) – Samsung Electronics Co. is pushing for the development and production of next-generation DRAM, including high bandwidth memory (HBM), which is essential for artificial intelligence (AI) server development. According to industry sources, the chip giant is currently shipping samples of 16GB and 12-layer 24GB HBM3, boasting the highest capacity and [...]
SEOUL, June 26 (Korea Bizwire) — South Korea will create a fund worth 300 billion won (US$229.25 million) to ensure the stable value chain of the chip industry by strengthening the logic chip sector and related materials, parts and components firms, the industry ministry said Monday. Samsung Electronics Co. and SK hynix Inc. vowed to [...]
SEOUL, June 25 (Korea Bizwire) – SK hynix Inc. and the chip division of Samsung Electronics Co. are expected to post quarterly losses in the second quarter after reporting losses in the previous three months as the chip downturn drags on, market data showed Sunday. Samsung Electronics is projected to report an operating profit of [...]
SEOUL, June 22 (Korea Bizwire) — Samsung Electronics Co. and SK hynix Inc., the world’s two largest memory chip makers, have begun renegotiating with their primary clients as the average selling price (ASP) for DRAM approaches production cost. The two companies have set the price limit at US$1.40 and notified clients that the price cannot [...]
SEOUL, June 15 (Korea Bizwire) — Samsung Electronics Co. plans to establish a foundry ecosystem in collaboration with its semiconductor intellectual property (IP) partners, aiming to close the gap with Taiwan’s TSMC, the world’s largest contract chip manufacturer. Samsung announced through its newsroom that it will disclose the agreements’ content with IP partners such as [...]
SEOUL, June 13 (Korea Bizwire) — South Korea’s chip industry is keeping close tabs on the status of exemptions from Washington’s export control measures designed to limit China’s access to advanced chip technologies following a report that such exemptions could be extended. The Wall Street Journal reported Monday that Alan Estevez, under secretary of commerce [...]