SEOUL, Mar. 25 (Korea Bizwire) — SK hynix Inc. said Monday it has demonstrated its new solution for enterprise solid state drive (SSD), for global data centers, in a global tech summit held in the United States. The world’s second-largest memory chip maker showcased its zoned namespaces (ZNS) software for enterprise SSD in the Open [...]
SEOUL, Mar. 19 (Korea Bizwire) – South Korean brokerage houses have sharply downgraded their first-quarter earnings forecasts for Samsung Electronics Co. and SK hynix Inc., citing tumbling memory chip prices, a corporate tracker said Tuesday. The market consensus of Samsung’s operating profit for the January-March period stands at 8.33 trillion won (US$7.36 billion), down about 47 percent [...]
SEOUL, Mar. 8 (Korea Bizwire) — South Korean tech giant Samsung Electronics Co. may relinquish its top semiconductor supplier’s rank to U.S. chipmaker Intel Corp. this year due to the cooling memory chip market, an industry report showed Friday. With 83 percent of Samsung’s semiconductor sales relying on memory devices, such as DRAM and NAND [...]
SEOUL, Mar. 4 (Korea Bizwire) — South Korean chip giants Samsung Electronics Co. and SK hynix Inc. retained their combined leading spot in the global semiconductor market in 2018, an industry tracker said Monday. Samsung’s sales of dynamic random-access memory (DRAM) chips came to US$43.75 billion last year, taking up 43.9 percent of the world [...]
SEOUL, Feb. 22 (Korea Bizwire) — The South Korean government said Friday it will move to lift regulations to pave the way for the country’s No. 2 chipmaker SK hynix Inc.’s to build a semiconductor cluster in the Seoul metropolitan area. The Ministry of Trade, Industry and Energy said it plans to request the Ministry [...]
SEOUL, Feb. 21 (Korea Bizwire) — SK hynix Inc., the world’s second-largest memory chip maker, said Thursday it has officially expressed interest in creating a semiconductor cluster in Yongin, Gyeonggi Province, about 50 kilometers south of Seoul. A special purpose company has submitted a letter of investment intent, for investing in Yongin, to the city’s [...]
SEOUL, Feb. 11 (Korea Bizwire) — South Korea’s Supreme Court has found that a 2009 penalty decision by the state antitrust watchdog against U.S. Qualcomm Inc. was not completely lawful, sending the case back to a lower court for reconsideration, court officials said Monday. The Fair Trade Commission (FTC) fined the global chipmaker 273.2 billion [...]
SEOUL, Jan. 31 (Korea Bizwire) — South Korean tech companies that make memory chips, smartphones and TVs posted disappointing earnings in the fourth quarter, as the industry as a whole felt the impact of China’s economic slowdown and a memory chip downcycle, analysts said Thursday. Samsung Electronics Co., the world’s largest memory chip and handset [...]
SEOUL, Jan. 30 (Korea Bizwire) — Lee Jae-yong, vice chairman of Samsung Electronics Co., said Wednesday that the tech giant will focus on nurturing the non-memory chip and foundry business as part of its new growth engine. Lee made the remark during his meeting with Hong Young-pyo, floor leader of the ruling Democratic Party (DP), [...]
SEOUL, Jan. 24 (Korea Bizwire) — South Korea’s leading memory chip makers raked in unprecedented profits in 2018 on strong demand from data centers and smartphones, but they are now bracing for a down cycle caused by a supply glut and slowing global economy, market watchers said Thursday. SK hynix Inc., the world’s No. 2 [...]