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S. Korea’s Gov’t Eases Regulations to Support SK hynix’s New Chip Cluster

S. Korea’s Gov’t Eases Regulations to Support SK hynix’s New Chip Cluster

SEOUL, Feb. 22 (Korea Bizwire) — The South Korean government said Friday it will move to lift regulations to pave the way for the country’s No. 2 chipmaker SK hynix Inc.’s to build a semiconductor cluster in the Seoul metropolitan area. The Ministry of Trade, Industry and Energy said it plans to request the Ministry [...]

SK hynix Pushes to Create Semiconductor Cluster in Yongin

SK hynix Pushes to Create Semiconductor Cluster in Yongin

SEOUL, Feb. 21 (Korea Bizwire) — SK hynix Inc., the world’s second-largest memory chip maker, said Thursday it has officially expressed interest in creating a semiconductor cluster in Yongin, Gyeonggi Province, about 50 kilometers south of Seoul. A special purpose company has submitted a letter of investment intent, for investing in Yongin, to the city’s [...]

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 [...]

Prices of Server DRAM to Drop 50 pct This Year: DRAMeXchange

Prices of Server DRAM to Drop 50 pct This Year: DRAMeXchange

SEOUL, Jan. 22 (Korea Bizwire) — Prices of dynamic random-access memory (DRAM) chips for data center servers are expected to drop about 50 percent this year due to inventory problems, a market tracker said Tuesday. In its latest market report, DRAMeXchange predicted that prices of server DRAM chips will plummet more than 20 percent on-quarter [...]

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 [...]

SK hynix Will Let Outstanding Semiconductor Engineers Work Past Retirement Age

SK hynix Will Let Outstanding Semiconductor Engineers Work Past Retirement Age

SEOUL, Dec. 28 (Korea Bizwire) — SK hynix Inc. has announced new policy to continue employing outstanding engineers past retirement. A number of selected engineers will be able to continue to work without having to retire. Currently, the retirement age at SK hynix is 60. Experts argue that the new measure aims not only to [...]

SK hynix Breaks Ground for New Production Line in S. Korea

SK hynix Breaks Ground for New Production Line in S. Korea

SEOUL, Dec. 19 (Korea Bizwire) — South Korea’s No. 2 chipmaker, SK hynix Inc., on Wednesday held a groundbreaking ceremony for a new chip production line that is expected to commence operations in October 2020. The M16 production line, located in Icheon, 80 kilometers southeast of Seoul, will be built on a 53,000-square meter lot. [...]

Top Biz Group Operating Profits Down if Samsung Elec, SK hynix are Excluded

Top Biz Group Operating Profits Down if Samsung Elec, SK hynix are Excluded

SEOUL, Dec. 9 (Korea Bizwire) — The operating profits of South Korea’s listed companies belonging to the largest conglomerates contracted in the January-September period of this year if the numbers for Samsung Electronics Co. and SK hynix are excluded, a local business tracker said Sunday. The total for the 94 companies, not counting the two [...]