SEOUL, Jan. 23 (Korea Bizwire) – Samsung Electro-Mechanics Co. said Friday its fourth-quarter net profit rose 7.6 percent from a year earlier, amid strong global investment in artificial intelligence (AI) infrastructure. Net profit for the October-December period came to 227.3 billion won (US$154.8 million), compared with 208.4 billion won tallied a year earlier, the company [...]
SEOUL, Dec. 9 (Korea Bizwire) — Samsung Electro-Mechanics has made a multi-million-euro investment in a Norwegian maker of ultra-small, high-performance electric motors as the company accelerates its expansion into humanoid robotics, industry sources said Tuesday. The investment in Alva Industries, founded in 2017, was made through Samsung Venture Investment and funded by the SVIC 47 New [...]
SEOUL, Oct. 8 (Korea Bizwire) — South Korea’s leading electronic component makers, Samsung Electro-Mechanics and LG Innotek, are expected to post stronger-than-expected earnings in the third quarter, buoyed by robust demand for Apple’s new iPhone 17 and a strategic shift toward higher-margin products. According to market tracker Yonhap Infomax, the consensus estimate for LG Innotek’s [...]
SEOUL, Nov. 8 (Korea Bizwire) – Samsung Electro-Mechanics held its fourth annual “Blue Elephant Forum” on November 6 at the Samsung Financial Campus in Seocho District, Seoul, to discuss cyberbullying prevention strategies and share the results of its flagship social responsibility program. Launched in 2020, the “Blue Elephant” initiative aims to cultivate prosocial capabilities among youth, [...]
SEOUL, Jul. 18 (Korea Bizwire) – Samsung Electro-Mechanics announced on July 17 that it has developed a 2,000V multilayer ceramic capacitor (MLCC) for electric vehicle battery management systems (BMS). MLCCs are essential components in electronic circuits, ensuring stable and consistent current flow. They are widely used in various products, from smartphones to personal computers. In automobiles, [...]
SEOUL, July 17 (Korea Bizwire) — Samsung Electro-Mechanics Co., a major electronics components maker, said Sunday it will commence mass production of power inductors specifically designed for cameras in self-driving and electric vehicles. A power inductor is a component necessary to supply stable electricity coming from the battery to the semiconductor. The company’s developed power [...]
SEOUL, Feb. 27 (Korea Bizwire) — Samsung Electro-Mechanics Co., a major electronics parts maker in South Korea, said Sunday it had developed an advanced driver assistance systems (ADAS)-applicable flip chip ball grid array (FCBGA) and will expand its product lineup for automotive electronics. The newly-developed FCBGA is a substrate for high-performance self-driving systems that is [...]
SEOUL, June 28 (Korea Bizwire) — Samsung Electro-Mechanics Co. is applying advanced treatment methods to the water it uses throughout its entire production process as part of efforts to protect the environment, the company said. The electronics parts maker purifies the water used at its Suwon plant in three stages. It manages the contaminant density [...]
SEOUL, June 23 (Korea Bizwire) – Samsung Electro-Mechanics Co., a major electronics components maker in South Korea, said Thursday it will make an additional investment of 300 billion won (US$230 million) in its flip-chip-ball grid array (FC-BGA) business, aimed at expanding the production of its plants in Busan, Sejong and Vietnam. Prior to this, the [...]
SEOUL, June 14 (Korea Bizwire) — Following semiconductors and displays, camera modules are emerging as a future cash cow for South Korean tech firms as the demand for camera modules grows at a healthy pace on the back of the rapid growth of the self-driving cars market. LG Innotek Co., a major electronics components maker, [...]