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, [...]
SEOUL, Mar. 6 (Korea Bizwire) — A research team at the Korea Advanced Institute of Science and Technology (KAIST) has developed the world’s first artificial intelligence (AI) semiconductor capable of processing a large language model (LLM) with ultra-low power consumption, the science ministry said Wednesday. The team, led by Professor Yoo Hoi-jun at the KAIST [...]
SEOUL, Feb. 29 (Korea Bizwire) – Amid a worldwide shake-up of industrial sectors, Korean firms are experiencing a range of emotions about the future of their key operations, feelings that vary widely depending on the size of the business and the industry it belongs to. A recent survey conducted by the Korea Chamber of Commerce and [...]
DAEJEON, Feb. 20 (Korea Bizwire) – A breakthrough in semiconductor technology has led to the development of an innovative ‘intelligent sensor’ that operates at high speeds with low power consumption, mimicking the visual neural system of insects. The research team behind the discovery, led by professor Kim Kyung-min from the Department of Materials Science and Engineering [...]
SEJONG, Feb. 7 (Korea Bizwire) – Over the past three months, large corporate groups in South Korea, each with assets exceeding 5 trillion won, have been active in expanding their presence in advanced industries, acquiring or establishing eight companies in sectors such as semiconductors and secondary batteries. The real estate development and construction sectors also saw [...]
WASHINGTON, Jan. 31 (Korea Bizwire) — An American industry group has called on the U.S. government to craft new multilateral chip equipment export controls, claiming the current strict unilateral ones put U.S. firms at a disadvantage over their rivals from South Korea and other countries. The Semiconductor Industry Association (SIA) made the call in their [...]
SEJONG, Feb. 1 (Korea Bizwire) — South Korea’s exports moved up for the fourth consecutive month in January as exports of chips rose at the sharpest rate in around six years, data showed Thursday. Outbound shipments advanced 18 percent on-year to US$54.6 billion last month, according to the data compiled by the Ministry of Trade, [...]
SEOUL, Jan. 31 (Korea Bizwire) – In South Korea, a significant talent drought in cutting-edge industries has been exacerbated by an increasing number of students flocking to medical schools. Semiconductor industry analysts, in particular, have voiced concern that the shortage of skilled workers is reaching a critical level, endangering the very existence of some companies. The [...]
SEOUL, Jan. 16 (Korea Bizwire) – South Korea’s industry minister said Tuesday the government plans to unveil a plan to foster the local fabless sector in line with efforts to bolster the competitiveness of the semiconductor industry. The remark came after South Korea announced its plan this week to build a “semiconductor mega cluster” in [...]