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Arms Agency Launches New Unit to Nurture Defense Chips

Arms Agency Launches New Unit to Nurture Defense Chips

SEOUL, Sept. 20 (Korea Bizwire) — The state arms procurement agency on Friday launched a unit dedicated to developing, managing and certifying semiconductors used in defense systems to meet growing demand for such chips amid evolving warfare and artificial intelligence technology. A ceremony marking its opening took place at the Daejeon office of the Defense [...]

South Korean Chip Giants Grapple with Ineffective Non-Compete Clauses

South Korean Chip Giants Grapple with Ineffective Non-Compete Clauses

SEOUL, Sept. 2 (Korea Bizwire) — With the semiconductor industry experiencing a boom leading to a vibrant job market, South Korean tech giants are facing a growing dilemma: how to prevent technology leaks while competing for top talent. Industry leaders like Samsung Electronics and SK Hynix routinely require employees to sign non-compete agreements, typically barring them [...]

South Korea Launches $834 Million Fund to Boost AI Chip Industry

South Korea Launches $834 Million Fund to Boost AI Chip Industry

SEOUL, Aug. 15 (Korea Bizwire) – The South Korean government is set to deploy a substantial semiconductor ecosystem fund starting in the third quarter of this year, targeting fabless chip design companies for scale-ups and mergers and acquisitions (M&A). This move is part of a broader strategy to expand the country’s semiconductor value chain beyond memory [...]

Samsung Electronics Boosts Semiconductor Division Bonuses as Chip Market Recovers

Samsung Electronics Boosts Semiconductor Division Bonuses as Chip Market Recovers

SEOUL, Jul. 5 (Korea Bizwire) – Samsung Electronics, the world’s largest memory chip maker, has announced a significant increase in performance bonuses for its semiconductor division, signaling a recovery in the chip market after a challenging year.  Employees in the company’s Device Solutions (DS) division, which oversees semiconductor operations, will receive bonuses of up to 75% [...]

Samsung Semiconductor Chief Sees ‘Good Opportunities’ Ahead, Despite Industry Challenges

Samsung Semiconductor Chief Sees ‘Good Opportunities’ Ahead, Despite Industry Challenges

SEOUL, Jul. 4 (Korea Bizwire) – Song Jai-hyuk, Chief Technology Officer of Samsung Electronics’ Device Solutions Division and president of Samsung’s Semiconductor Research Center, expressed optimism about the company’s future in the rapidly evolving semiconductor industry.  Speaking at the “Nano Korea 2024″ conference in Goyang on July 3, Song delivered a keynote address titled “Semiconductor Innovation [...]

Samsung’s Semiconductor Division Holds Strategic Meeting to Address Future Challenges

Samsung’s Semiconductor Division Holds Strategic Meeting to Address Future Challenges

SEOUL, Jun. 27 (Korea Bizwire) – Samsung Electronics’ Device Solutions (DS) Division, responsible for the company’s semiconductor business, held its semi-annual global strategy meeting on June 26 to discuss ways to secure future competitiveness in the semiconductor industry.  The meeting, chaired by DS Division head Kyung Kye-hun, was held at Samsung’s Hwaseong campus in Gyeonggi Province. [...]

Nations Unleash Massive Efforts to Secure Semiconductor Supremacy

Nations Unleash Massive Efforts to Secure Semiconductor Supremacy

SEOUL, May 25 (Korea Bizwire) – The United States, China and countries around the world are waging an intense battle to gain supremacy in the semiconductor industry, crucial for cutting-edge technologies. On May 23, in a meeting presided over by President Yoon Suk Yeol, South Korea’s government unveiled a comprehensive 26 trillion won support package for [...]

Samsung Electronics Says Smooth Progress in Testing Latest HBM Chips

Samsung Electronics Says Smooth Progress in Testing Latest HBM Chips

SEOUL, May 24 (Korea Bizwire) – Samsung Electronics Co., the world’s largest memory chipmaker, said Friday the testing process of its latest high-bandwidth memory (HBM) chips is proceeding smoothly in cooperation with its customers. “Samsung Electronics is currently working closely with a number of companies to continuously test the technology and performance,” the company said [...]

Samsung’s Top Clients Include Chinese Chip Suppliers as Sales Grow

Samsung’s Top Clients Include Chinese Chip Suppliers as Sales Grow

SEOUL, May 17 (Korea Bizwire) – Two companies that supply semiconductors to China have entered Samsung Electronics’ list of five top revenue sources, underscoring the growing importance of the Chinese market for the South Korean tech giant. According to Samsung’s quarterly report disclosed on May 16, its five biggest revenue drivers in the first quarter were [...]