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S. Korean Tech Firms Hit by Slowing Demand, Downcycle in Q4

S. Korean Tech Firms Hit by Slowing Demand, Downcycle in Q4

SEOUL, Jan. 31 (Korea Bizwire) — South Korean tech companies that make memory chips, smartphones and TVs posted disappointing earnings in the fourth quarter, as the industry as a whole felt the impact of China’s economic slowdown and a memory chip downcycle, analysts said Thursday. Samsung Electronics Co., the world’s largest memory chip and handset [...]

Chipmakers’ Operating Profit Feared to Dip in Q1 After Bumper Year

Chipmakers’ Operating Profit Feared to Dip in Q1 After Bumper Year

SEOUL, Jan. 23 (Korea Bizwire) — South Korean chip giants Samsung Electronics Co. and SK hynix Inc. are expected to see their operating profit drop sharply in the first quarter on sluggish demand following a bumper year, industry sources said Wednesday. Bolstered by a “superboom” in the global semiconductor market, Samsung and SK hynix posted [...]

Local Governments Compete to Attract SK hynix Semiconductor Cluster

Local Governments Compete to Attract SK hynix Semiconductor Cluster

GUMI, Jan. 17 (Korea Bizwire) – With the construction plan for SK hynix Inc.’s 120 trillion won (US$106 billion) cluster for semiconductors to be announced next month, the city of Gumi in North Gyeongsang Province is rushing to come up with a master plan to be selected as the site for the cluster. The Ministry of Economy [...]

Global Chip Industry to Grow 2.6 pct in 2019: Report

Global Chip Industry to Grow 2.6 pct in 2019: Report

SEOUL, Jan. 14 (Korea Bizwire) — The global semiconductor industry is expected to expand 2.6 percent on-year in 2018 on steady demand, despite an end to a super boom in the memory chip segment, a report showed Monday. According to the recent report from market researcher Gartner, sales of the world chip industry are projected [...]

Semiconductor Industry Watching Overseas Rival to Gauge Its Future

Semiconductor Industry Watching Overseas Rival to Gauge Its Future

SEOUL, Dec. 18 (Korea Bizwire) — The local semiconductor industry is waiting for the latest corporate performance results of U.S. rival firm Micron Technology, Inc to get a better idea of where it is headed, officials said Tuesday. Micron is due to announce its profits for the September-November period Wednesday. “The market’s concern grew when [...]

Committed to Quality and Security: Sanan IC Achieves Management System Certifications

Committed to Quality and Security: Sanan IC Achieves Management System Certifications

SUNNYVALE, Calif, Nov. 26 (Korea Bizwire) — SANAN INTEGRATED CIRCUIT CO., LTD. (Sanan IC), a pure-play compound semiconductor foundry with its advanced III-V technology platform, today announced that it has attained additional certifications for its manufacturing management systems. The company recently earned IATF 16949:2016 Automotive Quality Management System (QMS) certification, and this past June also [...]

Future of Semiconductor Industry Remains Uncertain Despite Record Growth

Future of Semiconductor Industry Remains Uncertain Despite Record Growth

SEOUL, Oct. 26 (Korea Bizwire) — Samsung Electronics Co. and SK hynix Inc., the two major local players in the semiconductor industry, are set to post record-breaking growth in the third quarter in spite of various domestic and international hurdles. Despite the controversy last year surrounding the price of semiconductor chips, which some experts claimed [...]

S. Korean Firms Expected to Benefit from China’s State Subsidy Cuts

S. Korean Firms Expected to Benefit from China’s State Subsidy Cuts

SEOUL, Sept. 3 (Korea Bizwire) — South Korean manufacturers of car batteries are anticipated to benefit from Beijing’s latest move to cut subsidies provided to Chinese companies, industry watchers said Monday. Chinese-based electric car battery maker OptimumNano Energy recently announced that it will suspend its production line for six months citing financial problems. BYD, China’s [...]