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S. Korea Maintains Dominance over Global DRAM Market in Q3

S. Korea Maintains Dominance over Global DRAM Market in Q3

SEOUL, Dec. 7 (Korea Bizwire) — South Korean tech giants maintained their strong dominance over the global market for dynamic random-access memory (DRAM) chips in the third quarter, data showed Thursday. According to the data compiled by IHS Markit and other industrial sources, Samsung Electronics Co. accounted for 44.5 percent of the market in the [...]

Samsung, SK hynix’s Production Unaffected by Earthquake

Samsung, SK hynix’s Production Unaffected by Earthquake

SEOUL, Nov. 15 (Korea Bizwire) – South Korean tech giants said Wednesday no damage has been reported at production plants following the magnitude 5.4 earthquake which struck the southeastern city of Pohang earlier in the day. The quake occurred at around 2:29 p.m. some 9 kilometers north of Pohang, the Korea Meteorological Administration said. The quake was felt across [...]

SK hynix to Invest 4 Trillion Won in Consortium for Toshiba’s Memory Arm Takeover

SK hynix to Invest 4 Trillion Won in Consortium for Toshiba’s Memory Arm Takeover

SEOUL, Sept. 27 (Korea Bizwire) – South Korea’s No. 2 chipmaker SK hynixInc. said Wednesday its board of directors approved a plan to inject 4trillion won (US$3.5 billion) in a consortium to buy Japan’s Toshiba Corp.’s memory arm. The investment can allow the SK hynix to secure up to 15 percent stake in the Japanese firm’s memory unit. The Bain Capital-led consortium is in talks with Toshiba to finalize the deal estimated at 2 trillon yen ($18 billion). In a statement, SK hynix, a member of the consortium, said its participation in the [...]

SK Hynix Banks on Toshiba Purchase for NAND Memory Technology

SK Hynix Banks on Toshiba Purchase for NAND Memory Technology

SEOUL, Sept. 20 (Korea Bizwire) – As Toshiba seems to have finally decided to sell its chip-making unit to a group including SK Hynix, attention is being paid to the motivation behind the South Korean chipmaker’s months-long battle to reach a deal with the Japanese conglomerate’s troubled memory business. After months of back and forth, Reuters [...]

Semiconductor, Display Makers to Invest 52 Trillion Won by 2024

Semiconductor, Display Makers to Invest 52 Trillion Won by 2024

SEOUL, Sept. 18 (Korea Bizwire) — Major South Korean manufacturers of semiconductors and displays plan to invest a combined 51.9 trillion won (US$45.8 billion) in the domestic market by 2024 to help stimulate the local economy and create jobs, the government said Monday. Senior executives from major manufacturers announced their investment plans during a meeting [...]

Korean Chipmakers’ Sales to Top 100 tln Won in 2017

Korean Chipmakers’ Sales to Top 100 tln Won in 2017

SEOUL, Sept. 18 (Korea Bizwire) — South Korea’s top two chipmakers — Samsung Electronics Co. and SK hynix Inc. — are set to see their combined annual sales exceed 100 trillion won (US$88.3 billion) this year on the back of an industry boom, industry sources said Monday. The outlook came as Samsung and SK hynix, [...]

Semiconductor Exports to Exceed 90 Billion Dollars

Semiconductor Exports to Exceed 90 Billion Dollars

SEOUL, Sept. 13 (Korea Bizwire) — South Korea’s semiconductor exports are expected to exceed US$90 billion this year due to increased overseas chip demand and higher prices, an international traders organization said Wednesday. In the January-August period, outbound shipments of computer chips surged 52 percent on-year to $59.5 billion, the Korea International Trade Association (KITA) [...]

New iPhone’s Price Dependent on S. Korean Parts

New iPhone’s Price Dependent on S. Korean Parts

SEOUL, Sept. 8 (Korea Bizwire) — The consumer price of U.S. tech giant Apple Inc.’s new iPhone to be unveiled this month will depend on how much is paid to South Korean parts manufacturers, industry watchers said Friday. The outlook came as many high-end features to be applied in the upcoming iPhone, including OLED panels, [...]

SK Hynix Denies Reports of Alleged Legal Action Against Toshiba

SK Hynix Denies Reports of Alleged Legal Action Against Toshiba

SEOUL, Sep. 28 (Korea Bizwire) – Despite earlier reports, SK Hynix officials have denied speculation that the South Korean memory chip maker is considering taking legal action against Toshiba as the Japanese conglomerate moves toward a deal with Western Digital, the South Korea media reported. Contrary to a number of reports in the South Korean [...]