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 [...]
SEOUL, Jan. 15 (Korea Bizwire) — President Yoon Suk Yeol said Monday that a semiconductor industry cluster being built outside Seoul is expected to create at least 3 million jobs over the next 20 years. Yoon made the remark during a policy debate held at Sungkyunkwan University’s Natural Sciences Campus in Suwon, 30 kilometers south [...]
SEJONG, Jan. 11 (Korea Bizwire) — South Korea’s semiconductor exports are anticipated to continue to lead the overall recovery in outbound shipments this year amid higher memory chip prices, the industry minister said Thursday. “South Korea’s chip exports experienced a rebound last year despite the global economic slump and the sluggish semiconductor industry, laying the [...]
SEOUL, Dec. 28 (Korea Bizwire) — South Korea’s industrial output inched up in November on a solid increase in the production of the semiconductor sector, data showed Thursday. Industrial production rose 0.5 percent on-month last month after a 1.8 percent decline logged a month earlier, according to the data compiled by Statistics Korea. Compared with [...]
AMSTERDAM/SEOUL, Dec. 12 (Korea Bizwire) — President Yoon Suk Yeol began his state visit to the Netherlands by meeting with a group of Korean residents and vowing to upgrade the two countries’ relations to a “semiconductor alliance.” Yoon arrived in Amsterdam on Monday (local time) on a four-day visit aimed at strengthening cooperation between South [...]
SEOUL, Dec. 11 (Korea Bizwire) – Fierce talent competition has prompted Samsung Electronics and SK Hynix to ease hiring criteria in the semiconductor industry. In response to a critical shortage of skilled labor in the semiconductor industry, both Samsung Electronics and SK Hynix have adopted a strategic approach to attract talent. Notably, SK Hynix has recently [...]
SEOUL, Nov. 6 (Korea Bizwire) – Expectations for the arrival of the ‘time of semiconductors’ are rising both within and outside the semiconductor industry due to the increasing demand for High-Bandwidth Memory (HBM) in tandem with the expansion of the artificial intelligence (AI) market. Samsung Electronics and SK Hynix are actively working on securing leadership in [...]
SEOUL, Oct. 3 (Korea Bizwire) — Samsung Electronics Co., the world’s largest maker of memory chips, will build next-generation artificial intelligence (AI) chiplets for the computing startup Tenstorrent, the Canadian company has said. Tenstorrent has said it has selected Samsung’s Foundry Design Service team to manufacture its chiplets, which can be used for a wide [...]
SEOUL, Sept. 27 (Korea Bizwire) — South Korea’s finance minister said Wednesday the government will spare no effort to support the country’s chip industry through tax cuts and other financial support amid the sector’s downturn. “The chip sector is the strategic and core industry for the South Korean economy, responsible for 18.9 percent of exports [...]