SEOUL, April 4 (Korea Bizwire) — Ahead of the announcement of preliminary first-quarter earnings results scheduled to be released on Friday, Samsung Electronics Co. is under close watch to see whether its stance on production cutbacks will change. Previously, the world’s largest memory chip maker dismissed the possibility of artificial production cuts. But there are [...]
SEOUL, March 30 (Korea Bizwire) — South Korea’s semiconductor industry is complaining over the U.S. CHIPS and Science Act for requiring companies to submit information about production yield, which is regarded as sensitive and confidential data within the industry. Earlier this week, the U.S. Commerce Department released new requirements for chipmakers seeking federal grants for [...]
SEOUL, March 29 (Korea Bizwire) — SK hynix Inc. is not sure yet whether to apply for U.S. government grants under the Chips Act, the chipmaker’s top executive said Wednesday, calling the process too complicated. While the application is under serious consideration, “we found the process too demanding,” Park Jung-ho, vice chair and co-CEO of [...]
SEOUL, March 27 (Korea Bizwire) — Samsung Electronics is likely to report poor results in its chip business next month, analysts said Monday, as the ongoing global economic challenges that have resulted in reduced consumer demand negatively affect the company’s performance. Samsung’s Device Solution (DS) division, which oversees its chip business, is forecast to make [...]
SEOUL, March 26 (Korea Bizwire) — Samsung Electronics Executive Chairman Lee Jae-yong has visited a semiconductor components manufacturing site in China run by a Samsung affiliate, the company said Sunday, in the first such trip to the neighboring country in three years. Lee visited the manufacturing facility in Tianjin, operated by Samsung Electro-Mechanics Co., on [...]
SEOUL, March 22 (Korea Bizwire) — South Korean chipmakers appeared to breathe a sigh of relief Wednesday, as the U.S. government’s new rules for the Chips Act, announced last night, were less stringent than had been previously feared. Washington said late last month it would ban any recipient of federal money from the US$53 billion [...]
SEOUL, March 15 (Korea Bizwire) — South Korea will create the world’s largest semiconductor cluster in Yongin, located in the Seoul metropolitan area, by earmarking 300 trillion won (US$229.81 billion) as part of efforts to secure a competitive edge in the sector and to further the country’s economic growth momentum, the industry ministry said Wednesday. [...]
SEOUL, March 13 (Korea Bizwire) — In the late 1980s, Japan was a semiconductor powerhouse, accounting for more than 50 percent of sales by country and region. However, Japan’s semiconductor industry has declined, and the market is now dominated by Taiwan and South Korea, with the U.S. perceiving China’s growth as a threat. The U.S. [...]
SEOUL, March 7 (Korea Bizwire) — Samsung Electronics Co., the world’s largest memory chipmaker, saw inventory held by its chipmaking division shot up 76.6 percent last year amid weak demand for chips around the globe, its annual report showed Tuesday. According to the report, its chipmaking unit’s inventory reached 29.06 trillion won (US$22.3 billion) at [...]
SEOUL, March 5 (Korea Bizwire) — Inventory of South Korean chipmakers has increased to a nearly 26-year high in January, data showed Sunday, reflecting the sluggish global demand amid the economic uncertainties. The inventory-to-sales ratio of chips came to 265.7 percent in January, the highest since 288.7 percent posted in March 1997, according to the [...]