SEOUL, April 13 (Korea Bizwire) — Samsung Electronics Co. expanded its dominance in the global smartphone memory market in 2020, a report showed Tuesday, as it represented nearly half of the industry. Samsung, the world’s largest supplier of DRAM and NAND chips, accounted for 49 percent of the global smartphone memory market last year, up [...]
SEOUL, April 13 (Korea Bizwire) — Samsung Electronics Co., the world’s largest memory chip producer, is likely to accelerate its investment in the United States as U.S. President Joe Biden urged more spending in the chipmaking sector to resolve the chip shortage and build up a stable supply chain, analysts here said Tuesday. Samsung was [...]
SEOUL, April 13 (Korea Bizwire) — Samsung Electronics Co. maintained the status as the world’s second-largest semiconductor vendor by revenue last year, industry data showed Tuesday, amid rising demand of memory products on the back of the pandemic-induced stay-at-home economy. Samsung’s chip business logged US$57.7 billion in revenue last year, up 10.2 percent from a [...]
SEOUL, April 9 (Korea Bizwire) – SK hynix Inc., South Korea’s No. 2 chipmaker, has no plan to retrieve its investment in Japanese semiconductor firm Kioxia Holdings Corp., its CEO said Friday, amid growing speculation over consolidation in the NAND industry. In 2017, SK hynix joined a global consortium to invest in Kioxia, then known [...]
SEOUL, April 7 (Korea Bizwire) – SK hynix Inc., South Korea’s second-largest chipmaker, is in talks with German auto parts giant Robert Bosch GmbH over a long-term supply of automotive memory semiconductors, industry sources said Wednesday. SK hynix, the world’s No. 2 DRAM vendor, is reportedly seeking to supply automotive DRAM chips to Bosch for [...]
SEOUL, April 1 (Korea Bizwire) — South Korea pledged Thursday to support the power semiconductor industry amid growing demand for energy-efficient chips with stronger durability. Under the goal, the country plans to develop at least five power semiconductor products by 2025, according to the Ministry of Trade, Industry and Energy. South Korea also plans to [...]
SEOUL, March 30 (Korea Bizwire) — Samsung Electronics Co.’s chip production at its U.S. plant is approaching normal levels, an official from the company said Tuesday, following a monthlong shutdown caused by a power outage in the region. “Our plant in Austin, Texas, has entered the normal stage of production from last week,” a Samsung [...]
SEOUL, March 30 (Korea Bizwire) — SK hynix Inc. will focus on improving profitability of its NAND business following its deal to buy Intel Corp.’s non-volatile memory unit, its chief executive officer said Tuesday. Lee Seok-hee told shareholders that SK hynix is committed to becoming the global leader in the NAND industry with the acquisition [...]
SEOUL, March 29 (Korea Bizwire) — South Korean chipmaker Magnachip Semiconductor Corp. has said it will be sold to a Chinese private equity fund for about US$1.4 billion. Magnachip, listed on the New York Stock Exchange (NYSE), recently announced that it has signed an agreement with Wise Road Capital Ltd. and its partners to sell [...]
SEOUL, March 26 (Korea Bizwire) — South Korea’s two major automotive light-emitting diode (LED) makers saw their revenues increase last year despite an overall market slump amid the pandemic, a report showed Friday. Seoul Semiconductor Co. and Samsung Electronics Co. maintained their status as the world’s fifth- and seventh-largest automotive LED suppliers, respectively, in 2020, [...]