SEOUL, Nov. 4 (Korea Bizwire) — The volume of South Korea’s chip exports has climbed more than 5 percent this year despite a tumble in prices of key products, data showed Monday. The country’s semiconductor exports totaled 29,834 tons for the year up to Oct. 25, up 5.2 percent from the same period a year [...]
SEOUL, Oct. 30 (Korea Bizwire) — South Korean electronics maker LG Electronics Inc. and U.S. chipmaker Qualcomm Inc. will join hands to develop an in-vehicle infotainment platform for connected cars, the companies said Wednesday. LG Electronics and Qualcomm have signed a strategic partnership to develop the automotive platform, which combines entertainment and information delivery for [...]
SEOUL, Oct. 28 (Korea Bizwire) — Due to dwindling semiconductor exports, the proportion of information and technology (IT) products among all South Korean exports reached a seven-year low this year. According to the Korea International Trade Association, South Korea recorded US$90.7 billion in exports of IT products including semiconductors, displays, and others between January and [...]
SEOUL, Oct. 24 (Korea Bizwire) — SK hynix Inc. said Thursday its net profit for the third quarter dipped to the lowest level in more than three years on weak memory chip prices and global demand, but said it expected the memory industry to recover next year on adoption of 5G smartphones. The net profit [...]
SEOUL, Oct. 8 (Korea Bizwire) — Samsung Electronics Co. said Tuesday its operating earnings plunged 56 percent in the third quarter from a year earlier, mainly hit by continuing falls in global chip prices, but its performance was better than the market had expected. The operating profit was estimated at 7.7 trillion won (US$6.4 billion) [...]
SEOUL, Sept. 29 (Korea Bizwire) — Samsung Electronics Co., the world’s largest maker of memory chips and smartphones, is likely to report a 60.2 percent plunge in its third-quarter operating profit, hit by continuing falls in chip prices, an industry report showed Sunday. According to the report by Seoul-based financial market tracker FnGuide, Samsung is [...]
SEOUL, Sept. 19 (Korea Bizwire) – Samsung Electronics Co.’s share price rallied this month on hopes for a recovery in the memory chip market and earnings in the upcoming quarters. Shares of Samsung Electronics, the top market cap on South Korea’s stock market, closed at 49,150 won (US$41.2) on Thursday, up 3.04 percent from the [...]
SEOUL, Sept. 10 (Korea Bizwire) — SK Siltron Co., a semiconductor material producer under SK Group, said Tuesday it will acquire DuPont’s wafer business as part of efforts to beef up its advanced material business. SK Siltron said its board members approved a plan to purchase DuPont’s silicon carbide (SiC) wafer business for US$450 million. [...]
SEOUL, Sept. 4 (Korea Bizwire) — Samsung Electronics Co. on Wednesday introduced a 5G chipset that combines an integrated modem and mobile processors, which can save battery life and space in smartphones. Samsung, the world’s largest chip and smartphone maker, has been working on a mobile processor with a 5G modem built inside, which would [...]
SEOUL, Aug. 16 (Korea Bizwire) — Samsung Electronics Co.’s share in the global NAND flash market and its revenue increased in the second quarter from a quarter ago thanks to demand recovery in some key products, an industry report said Friday. Samsung’s NAND shipments grew by 30 percent in the April-June period on the back [...]