AI Boom Archives | Be Korea-savvy

LG Electronics Scales Back ESS Business to Focus on HVAC Amid AI Boom

SEOUL, Jan. 16 (Korea Bizwire) — LG Electronics is scaling back its nearly decade-long energy storage system (ESS) business to concentrate on its rapidly growing heating, ventilation, and air conditioning (HVAC) segment, bolstered by the global surge in artificial intelligence (AI). Industry sources on January 16 revealed that LG’s Eco Solution (ES) Business Division recently rebranded its [...]

Samsung Electronics’ HBM Sales Surge 50% in Q2 Amid AI Boom

SEOUL, July 31 (Korea Bizwire) – Samsung Electronics Co. said Wednesday sales of high-performance high bandwidth memory (HBM) products soared more than 50 percent in the second quarter from three months earlier, driven by a boom in generative artificial intelligence. “The memory market continued to be strong in the second quarter, fueled by strong demand [...]