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Samsung, SK hynix Shares Tumble amid Business Uncertainty Despite Robust Earnings Outlook

Samsung, SK hynix Shares Tumble amid Business Uncertainty Despite Robust Earnings Outlook

SEOUL, Oct. 14 (Korea Bizwire) — Shares of South Korea’s two chipmakers — Samsung Electronics Co. and SK hynix Inc. — have withered in recent days despite upbeat news that they are going to post record quarterly sales backed by brisk memory chip businesses. In its third-quarter earnings guidance released earlier this month, Samsung Electronics [...]

S. Korea Ranks 2nd in Monthly Capacity of 200mm Wafers in 2020

S. Korea Ranks 2nd in Monthly Capacity of 200mm Wafers in 2020

SEOUL, July 14 (Korea Bizwire) — South Korea had the second-largest monthly capacity of 200-millimeter-equivalent wafers last year behind Taiwan, a report showed Wednesday. The country, home to major chipmakers like Samsung Electronics Co. and SK hynix Inc., had a capacity of 4.25 million wafers per month, accounting for 20.4 percent of global wafer capacity [...]

S. Korea to Emerge as No. 1 Chip Powerhouse with 510 tln-won Investment by 2030

S. Korea to Emerge as No. 1 Chip Powerhouse with 510 tln-won Investment by 2030

SEOUL, May 13 (Korea Bizwire) – South Korea said Thursday it plans to provide massive tax incentives and state subsidies to chipmakers to encourage them to spend a combined 510 trillion won (US$453 billion) by 2030, in line with its vision to become a global powerhouse in both memory and non-memory chips. Under the plan [...]

Automakers, Chipmakers Team Up to Resolve Chip Supply Shortages

Automakers, Chipmakers Team Up to Resolve Chip Supply Shortages

SEOUL, March 17 (Korea Bizwire) — South Korea’s automobile and semiconductor business groups on Wednesday said they will join forces in developing key automotive chips domestically, as the global supply shortages of key automotive chips are anticipated to disturb the production of cars. The Korea Semiconductor Industry Association and the Korea Automobile Manufacturers Association inked [...]

Korean Chipmakers to Benefit from U.S. Restrictions on China’s SMIC

Korean Chipmakers to Benefit from U.S. Restrictions on China’s SMIC

SEOUL, Oct. 3 (Korea Bizwire) — South Korea’s chipmakers are expected to benefit from the United States’ export restrictions against China’s leading foundry firm, Semiconductor Manufacturing International Corporation (SMIC), analysts here said Saturday, as the ban could give them more opportunities to secure orders. The U.S. Commerce Department recently added SMIC to its blacklist, saying [...]