SEOUL, Nov. 24 (Korea Bizwire) — South Korea’s chip and display industries, the backbone of Asia’s No. 4 economy, have remained intact since Tokyo’s export curbs against the Asian neighbor, Seoul’s trade ministry said Sunday. The country’s top four tech giants — Samsung Electronics Co., Samsung Display Co., SK hynix Inc. and LG Display Co. [...]
SEOUL, Nov. 20 (Korea Bizwire) – U.S. semiconductor equipment maker Lam Research Corp. will build a technology center in South Korea, officials said Wednesday. Yongin city authorities signed a deal with Lam Research Korea, the South Korean unit of the U.S. company, earlier in the day to provide the supplier of wafer fabrication equipment and services [...]
SEOUL, Nov. 19 (Korea Bizwire) — Samsung Electronics Co.’s operating earnings are expected to rebound in the first quarter of 2020 compared with a year ago on a recovery in chip demand and low base effect, analysts said Tuesday. Samsung’s operating profit was estimated at 6.6 trillion won (US$5.6 billion) in the first three months [...]
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 [...]