The company’s facility for AI memory chips marks the largest single economic development in the history of the state WEST LAFAYETTE, Ind., Apr. 3 (Korea Bizwire) — SK hynix Inc. announced Wednesday (April 3) that it plans to invest close to $4 billion to build an advanced packaging fabrication and R&D facility for AI products [...]
SK hynix’s new West Lafayette plant and investment in research and development bolsters Indiana’s booming semiconductor ecosystem, attracting talent and supporting US innovation, technology and security WEST LAFAYETTE, Ind., Apr. 3 (Korea Bizwire) — Governor Eric J. Holcomb, Secretary of Commerce David Rosenberg and Purdue University President Mung Chiang joined federal partners and executives of [...]
SEOUL, Apr. 1 (Korea Bizwire) — South Korea’s exports moved up for the sixth consecutive month in March on the back of the robust performance of chips, data showed Monday. Outbound shipments gained 3.1 percent on-year to US$56.5 billion last month, according to the data compiled by the Ministry of Trade, Industry and Energy. Imports [...]
SEOUL, Mar. 27 (Korea Bizwire) — South Korea and the European Union (EU) have agreed to conduct joint research projects on advanced semiconductor and next-generation communications network technologies in the next three years, Seoul’s science ministry said Wednesday. Under the agreement, South Korea and the EU will jointly invest 12 million euros (US$12.98 million) on [...]
SEOUL, Mar. 21 (Korea Bizwire) — South Korea’s exports rose 11.2 percent on-year in the first 20 days of March on surging global demand for semiconductors, data showed Thursday. Outbound shipments reached US$34.13 billion in the March 1-20 period, compared with $30.69 billion tallied a year earlier, according to the data from the Korea Customs [...]
SEOUL, Mar. 21 (Korea Bizwire) — Industry Minister Ahn Duk-geun said Thursday the government will proactively support the semiconductor industry, and accelerate the development of high-bandwidth memory and artificial intelligence chips to achieve the annual export target of US$120 billion. “The government will support the timely establishment of related infrastructure, secure competitive technologies, promote exports, [...]
DAEGU, Mar. 19 (Korea Bizwire) — South Korea stands as an outstanding force in the global chipmaking arena, led by industry giants like Samsung Electronics Co. and SK hynix Inc., leaders in memory chip manufacturing. South Korea’s semiconductor exports amounted to US$99.7 billion last year, accounting for some 16 percent of the country’s overall overseas [...]
SEOUL, Mar. 17 (Korea Bizwire) – Following a streak of losses, Samsung Electronics’ semiconductor division is on the brink of a financial turnaround, with projections indicating a shift to profitability in the first quarter of this year. This anticipated recovery follows SK Hynix’s successful return to profit, signaling an end to the prolonged semiconductor industry [...]
SEOUL, Mar. 14 (Korea Bizwire) – In the face of a challenging semiconductor market last year, Samsung Electronics employees experienced a significant reduction in their average annual salaries, with a reported decrease of over 10% from the previous year. Kim Ki-nam, an advisor at Samsung, emerged as the top earner, receiving a compensation package exceeding 17.2 [...]
SEJONG, Mar. 13 (Korea Bizwire) – In a novel move towards sustainability, Samsung Electronics is set to utilize the waste heat generated from its semiconductor manufacturing processes for district heating purposes. This innovative approach was solidified through an agreement signed between Samsung Electronics and the Korea District Heating Corporation. The ceremony, held at Samsung’s Hwaseong campus, [...]