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SK hynix Becomes Key Affiliate of Parent Conglomerate 6 years After Merger

SK hynix Becomes Key Affiliate of Parent Conglomerate 6 years After Merger

SEOUL, Mar. 26 (Korea Bizwire) — South Korean chipmaker SK hynix Inc. has emerged as a key affiliate of SK Group by making up nearly half of the conglomerates’ market capitalization, industry watchers said Monday. SK hynix, purchased by SK Group exactly six years ago, when the company posted a net loss of 159 billion [...]

Major Tech Firm to Operate Assembly Lines During Lunar New Year Holiday

Major Tech Firm to Operate Assembly Lines During Lunar New Year Holiday

SEOUL, Feb. 13 (Korea Bizwire) — Major South Korean tech companies will keep their assembly lines up and running during this week’s Lunar New Year holiday due to rising demand at home and abroad, industry sources said Tuesday. Samsung Electronics, the world’s largest maker of chips said it plans to maintain normal operations at its [...]

Employees of Samsung Electronics, SK Hynix to Get Huge Bonuses: Sources

Employees of Samsung Electronics, SK Hynix to Get Huge Bonuses: Sources

SEOUL, Jan. 19 (Korea Bizwire) – Employees of South Korea’s two major semiconductor manufacturers are set to receive big bonuses this month for their strong performance last year amid the global boom for chip industries, industry sources said Friday. Samsung Electronics Co. workers in the semiconductor sector will receive annual bonuses, called the Overall Performance Incentive, amounting to up to 50 percent of their annual salary, on Jan. 31, [...]

SK hynix Rumored to be Eying Foundry Venture with China

SK hynix Rumored to be Eying Foundry Venture with China

SEOUL, Dec. 20 (Korea Bizwire) — South Korea’s No. 2 chipmaker SK hynix Inc. plans to establish a joint venture in China to expand its foundry business, industry sources said Wednesday. According to the sources, who declined to be identified, SK hynix’s board of directors plans to discuss the establishment of a joint venture specializing [...]