SEOUL, Oct. 16 (Korea Bizwire) — Samsung Electronics Co. on Tuesday launched a new brand of chips designed specifically for automobiles, reflecting its strategy of penetrating deeper into the industry. The world’s top chipmaker introduced the Exynos Auto brand, which will be used in processors customized for cars. The company also unveiled its ISOCELL Auto [...]
SEOUL, Oct. 10 (Korea Bizwire) — SK Innovation Co., South Korea’s top energy-chemical business, said Wednesday it will put a bigger focus on its battery business to achieve a 30 percent share of the global car battery market by 2025. In the January-August period, SK Innovation churned out a total of 428.9 megawatt hours (MWh) [...]
SEOUL, Oct. 5 (Korea Bizwire) — Chey Tae-won, chairman of SK Group, showed special attachment to SK hynix Inc. as the company held a completion ceremony for the M15 production line at the SK hynix factory in Cheongju, North Chungcheong Province. Chey bought Hynix Semiconductors Inc. for 3.4 trillion won six years ago, changing the [...]
CHEONGJU, Oct. 4 (Korea Bizwire) — South Korea’s No. 2 chipmaker SK hynix Inc. on Thursday launched a new production line for NAND flash products under an estimated 20 trillion won (US$17.7 billion) project. The company said the new M15 line in Cheongju, located 140 kilometers south of Seoul, covers 60,000 square meters and will [...]
SEOUL, Oct. 4 (Korea Bizwire) – President Moon Jae-in on Thursday attended a ceremony marking the construction of new assembly lines of SK hynix, the world’s third-largest chipmaker, underscoring his policies for job creation and innovation-powered growth. “The government and I will not hold back our support for companies that invest, make jobs and contribute to the [...]
SEOUL, Sept. 24 (Korea Bizwire) –Choi Geon-wu, a 39-year-old SK Hynix employee, will not be able to visit his family over the Chuseok holidays because of the nature of his work, ensuring the safety of an industrial complex that produces semiconductors. Choi works as a firefighter at SK Hynix’s Cheongju factory, and is the first [...]
SEOUL, Sept. 10 (Korea Bizwire) — SK hynix Inc., the world’s second-largest memory chipmaker, is said to be set on building a general hospital in Wuxi, a city in Jiangsu Province, home to a factory operated by the South Korean semiconductor giant. According to industry insiders, SK hynix CEO and Vice Chairman Park Sung-wook recently [...]
SEOUL, Sept. 6 (Korea Bizwire) — White-collar employees and engineers at SK hynix Inc. on Thursday announced the launch of a new labor union, calling for the management to adopt a transparent evaluation system for workers. The SK hynix division of the Korean Chemical & Textile & Food Workers’ Union said it has officially opened [...]
SEOUL, Sept. 6 (Korea Bizwire) — China remained dependent on South Korea in 2017 for more than half of its memory chip demand, despite Beijing’s latest efforts to foster its chipmakers on a big scale, data showed Thursday. According to the data compiled by the Korea International Trade Association and the Korea Trade-Investment Promotion Agency, [...]
SEOUL, Sept. 3 (Korea Bizwire) — South Korean manufacturers of car batteries are anticipated to benefit from Beijing’s latest move to cut subsidies provided to Chinese companies, industry watchers said Monday. Chinese-based electric car battery maker OptimumNano Energy recently announced that it will suspend its production line for six months citing financial problems. BYD, China’s [...]