SEOUL, Apr. 22 (Korea Bizwire) — South Korea’s major chipmakers are stepping up efforts to expand their presence in the foundry and non-memory businesses to diversify portfolios that heavily rely on memory chips in search of new growth engines, industry officials said Monday. Samsung Electronics Co. and SK hynix Inc. hold over 60 percent of [...]
SEOUL, Apr. 18 (Korea Bizwire) — South Korean memory chipmaker SK hynix Inc. said Thursday it has completed the expansion of its fabrication line in China to step up its DRAM production. The 58,000 square-meter facility in the eastern Chinese city of Wuxi will start operation in the second quarter, SK hynix said. The 950 [...]
SEOUL, Apr. 16 (Korea Bizwire) — Samsung Electronics Co. said Tuesday that it has completed the development of its latest fabrication process technology, bolstering its bid to expand its presence in the global foundry market. Samsung, the world’s largest memory chip maker, said the development of its 5-nanometer (nm) FinFET process technology is complete and [...]
SEOUL, Apr. 5 (Korea Bizwire) — Samsung Electronics Co. said Friday its operating earnings likely plunged in the first quarter from a year earlier amid falling memory chip prices and weak demand for display panels. The operating profit was estimated at 6.2 trillion won (US$5.45 billion) in the January-March period, a 60.4 percent drop from [...]
SEOUL, Apr. 1 (Korea Bizwire) — The party is over for South Korean memory chip makers after a two-year boom, and deep-pocketed industry leaders are now looking to the future to find the new growth drivers in the non-memory chip business. Samsung Electronics Co. and SK hynix Inc., the world’s two largest memory chip makers, [...]
SEOUL, Mar. 28 (Korea Bizwire) — SK hynix Inc., South Korea’s No. 2 chipmaker, on Thursday unveiled a 1.2 trillion-won (US$1.05 billion) support plan for subcontracting firms and their R&D projects as it won approval for its plan to build a semiconductor cluster in the Seoul metropolitan area. Under the project, valued at 120 trillion [...]
SEOUL, Mar. 27 (Korea Bizwire) — SK hynix Inc., South Korea’s No. 2 chipmaker, on Wednesday won approval for its plan to build a semiconductor cluster in the Seoul metropolitan area as the government decided to lift development regulations in the region. The update on the project, valued at 120 trillion won (US$136 billion) came [...]
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 [...]