SEOUL, March 2 (Korea Bizwire) — Washington’s Chips Act and its requirements for companies receiving incentives are likely to put South Korean chipmakers’ ability to navigate business uncertainties and balance between the United States and China to the test. The Biden administration on Tuesday announced conditions for subsidies under the US$53 billion act, designed to [...]
SEOUL, Feb. 28 (Korea Bizwire) — South Korea plans to invest 54 billion won (US$40.8 million) over the next four years to help universities nurture about 400 semiconductor majors every year, officials said Tuesday. The plan by the Education Ministry comes as the country, home to such semiconductor giants as Samsung Electronics and SK hynix, [...]
SEOUL, Feb. 27 (Korea Bizwire) — Samsung Electro-Mechanics Co., a major electronics parts maker in South Korea, said Sunday it had developed an advanced driver assistance systems (ADAS)-applicable flip chip ball grid array (FCBGA) and will expand its product lineup for automotive electronics. The newly-developed FCBGA is a substrate for high-performance self-driving systems that is [...]
SEOUL, Feb. 23 (Korea Bizwire) — The South Korean government and the country’s major chipmakers agreed Thursday to jointly nurture more than 2,300 top-level talents in the semiconductor field over the next decade in an effort to maintain global technology prowess, the industry ministry said. The ministry signed a memorandum of understanding with Samsung Electronics [...]
SEOUL, Feb. 21 (Korea Bizwire) – Samsung Electronics Co. said Tuesday it will manufacture advanced automotive semiconductors for U.S. chip design company Ambarella. Samsung will produce the Santa Clara-based chip company’s automotive AI central domain controller CV3-AD685, using its 5-nanometer (nm) process technology. Ambarella’s CV3-AD685 System-on-Chip (SoC) is used for Advanced Driver Assistance Systems, which [...]
SEOUL, Feb. 20 (Korea Bizwire) — The shortage of skilled employees is emerging as another problem for South Korea’s chip industry, which is already struggling due to the repercussions of the global economic slump. The number of students who gave up enrollment in the semiconductor departments of the nation’s four major universities even after being [...]
SEOUL, Feb. 15 (Korea Bizwire) — Samsung Electronics plans to borrow more than US$15 billion from its display-making subsidiary to secure operational costs, the company has said. The South Korean tech giant said in a regulatory filing on Tuesday that it will borrow 20 trillion won (US$15.78 billion) from Samsung Display at an interest rate [...]
SEOUL, Feb. 15 (Korea Bizwire) — The government is accelerating efforts to cultivate the artificial intelligence (AI) chip area amid stiffer global competition in generative AI resulting from ChatGPT fever. It’s estimated that the operating costs of ChatGPT, which uses about 10,000 Nvidia graphics processing units (GPUs), are astronomical. Against this backdrop, AI chip development [...]
SEOUL, Feb. 2 (Korea Bizwire) — South Korea’s industry ministry said Thursday it agreed with Dutch semiconductor equipment supplier ASM to boost cooperation for the firm’s planned investment of US$100 million to build a production factory and a research and development center in South Korea. The two sides signed a memorandum of understanding (MOU) in [...]
SEOUL, Feb. 1 (Korea Bizwire) — SK hynix Inc. said Wednesday it swung to a deficit in the fourth quarter due to the global chip market’s slowdown amid weak demand and oversupply. The world’s second-largest memory chip maker logged an operating loss of 1.7 trillion won (US$1.37 billion) for the three months ending in December, [...]