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Samsung Expects Chip Demand to Grow This Year

Samsung Expects Chip Demand to Grow This Year

SUWON, March 18 (Korea Bizwire) — Samsung Electronics Co., the world’s largest memory chip maker, said Wednesday it expects this year’s chip demand to grow despite concerns over the novel coronavirus pandemic. During an annual shareholder meeting, Kim Ki-nam, who leads Samsung’s device solutions division, said that “external uncertainties” will continue this year but global [...]

Samsung Begins Mass Production of Industry’s Fastest Mobile Storage

Samsung Begins Mass Production of Industry’s Fastest Mobile Storage

SEOUL, March 17 (Korea Bizwire) — Samsung Electronics Co., the world’s largest memory chip and smartphone maker, said Tuesday it has begun mass-producing the industry’s fastest mobile storage. The 512-gigabyte (GB) embedded universal flash storage (eUFS) 3.1 is in mass production for use in flagship smartphones, according to Samsung. The latest product delivers three times [...]

Uncertainty Hangs over S. Korean Chip Exports in March

Uncertainty Hangs over S. Korean Chip Exports in March

SEOUL, March 3 (Korea Bizwire) — Despite a solid recovery a month ago, uncertainty is mounting over South Korea’s semiconductor exports in March due to the global spread of the new coronavirus. The deadly coronavirus outbreak is spreading rapidly in South Korea, Japan, Iran and Europe, dampening both business and consumer sentiment as well as [...]

S. Korea to Spend Big on Next-generation Chip Sector

S. Korea to Spend Big on Next-generation Chip Sector

SEOUL, Jan. 19 (Korea Bizwire) – South Korea said Sunday that it will invest 1 trillion won (US$863 million) in the next 10 years to nurture the next-generation semiconductor sector. According to the science ministry, cutting edge artificial intelligent (AI) and system-on-chip (SoC) technology, low energy consumption, high performance new devices and ultrafine fabrication processing [...]

Samsung Confirms Additional $8 bln Investment into Xian-based Chip Plant

Samsung Confirms Additional $8 bln Investment into Xian-based Chip Plant

SEOUL, Dec. 13 (Korea Bizwire) — Samsung Electronics Co. will invest an additional US$8 billion into its memory chip plant in Xian, China, officials confirmed Thursday, as the South Korean tech giant further expands its presence in the world’s second largest economy. According to Chinese media and Xian’s municipal government, Kang Bong-yong, a Samsung Electronics [...]

Court Rules in Favor of FTC over Record Fine Against Qualcomm

Court Rules in Favor of FTC over Record Fine Against Qualcomm

SEOUL, Dec. 4 (Korea Bizwire) — A Seoul court ruled in favor of South Korea’s antitrust regulator Wednesday, saying that the watchdog’s 2016 decision to impose a record fine on U.S. chipmaker Qualcomm Inc. for unfair business practices was justifiable. The ruling will be a setback for Qualcomm, which challenged the Fair Trade Commission’s (FTC) [...]