SEOUL, July 21 (Korea Bizwire) – South Korea will offer more tax incentives and financial support to chipmakers and nurture 150,000 experts in the field in an effort to encourage the firms to push ahead with their investment plans without a hitch, the industry ministry said Thursday. Major tech companies, including Samsung Electronics Co. and [...]
SEOUL, March 29 (Korea Bizwire) — Samsung Electronics Co. and SK hynix Inc., the world’s two largest memory chip makers, are forecast to report robust earnings in the first quarter, despite a hike in raw material prices and continued global supply woes, a financial data firm said Tuesday. Samsung is estimated to log 13.89 trillion [...]
SEOUL, Feb. 25 (Korea Bizwire) — South Korean chipmakers will be affected by export controls that Washington imposed on Russia over the Ukraine crisis, but the impact is not likely to be significant, experts said Friday. The U.S. Commerce Department announced new sanctions Thursday that it said “will severely restrict Russia’s access to technologies and [...]
SEOUL, Feb. 16 (Korea Bizwire) — South Korea’s chipmakers vowed to expand their domestic investment this year to more than a combined 56.7 trillion won (US$47.36 billion) amid heated global competition and supply chain disruptions, the industry ministry said Wednesday. The plan was announced by the Korea Semiconductor Industry Association based on a recent survey [...]
SEOUL, Feb. 7 (Korea Bizwire) — South Korea’s top two chipmakers — Samsung Electronics Co. and SK hynix Inc. — have been having difficulty procuring equipment essential to the operation of their chip fabrication facilities. Both companies mentioned the prolonged lead time, the time it takes for a product or service to go through all [...]
SEOUL, Nov. 26 (Korea Bizwire) — Concerns are growing that SK hynix Inc.’s plan to overhaul its Chinese factory with a cutting-edge chipmaking machine could be in jeopardy due to opposition from the United States. Earlier this week, U.S. Trade Representative (USTR) Katherine Tai effectively acknowledged that Washington had opposed such efforts by the South [...]
SEOUL, Nov. 9 (Korea Bizwire) — Samsung Electronics Co. and SK hynix Inc. on Tuesday submitted information on their chip businesses to the United States but withheld some key data considered trade secrets in an apparent delicate balancing act. The two South Korean chipmakers made the filings about two months after the U.S. Department of [...]
SEOUL, Nov. 3 (Korea Bizwire) — South Korea’s top two chipmakers — Samsung Electronics Co. and SK hynix Inc. — are expected to submit information on their chip businesses to the U.S. government by the Nov. 8 deadline, industry sources said Wednesday. In late September, the U.S. Department of Commerce asked major chip companies and [...]
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 [...]
SEOUL, Aug. 12 (Korea Bizwire) — Shares in Samsung Electronics Co. and SK hynix Inc. — South Korea’s two largest chipmakers — plunged amid concerns of a slowdown in memory demand, analysts said Thursday. Samsung lost 1.9 percent to close at 77,000 won (US$66) on the Seoul bourse, the lowest since December 2020. SK hynix [...]