SEOUL, Nov. 3 (Korea Bizwire) — South Korea’s top two chipmakers — Samsung Electronics Co. and SK hynix Inc. — are expected to submit information on their chip businesses to the U.S. government by the Nov. 8 deadline, industry sources said Wednesday. In late September, the U.S. Department of Commerce asked major chip companies and [...]
SEOUL, Oct. 29 (Korea Bizwire) — SK hynix Inc., South Korea’s second-largest chipmaker, said Friday it signed a deal to buy a local chip contract manufacturer for 575.68 billion won (US$492 million), as part of efforts to enhance its presence in the non-memory sector. SK hynix said the acquisition of Key Foundry, the 8-inch wafer [...]
SEOUL, Oct. 26 (Korea Bizwire) — SK hynix Inc., South Korea’s No. 2 chipmaker, reported strong third-quarter earnings Tuesday on the back of solid memory chip demand for severs and smartphones, and rising prices. Net profit for the three months that ended Sept. 30 leaped by 205.7 percent from a year earlier to 3.31 trillion [...]
SEOUL, Oct. 14 (Korea Bizwire) — Shares of South Korea’s two chipmakers — Samsung Electronics Co. and SK hynix Inc. — have withered in recent days despite upbeat news that they are going to post record quarterly sales backed by brisk memory chip businesses. In its third-quarter earnings guidance released earlier this month, Samsung Electronics [...]
SEOUL, Oct. 9 (Korea Bizwire) — South Korean chipmakers Samsung Electronics Co. and SK hynix Inc. may have to pay part of their corporate taxes to foreign countries where they earn profits under a new landmark global taxation scheme. A group of 360 countries agreed on a two-pillar deal Friday to impose a global minimum [...]
SEOUL, Oct. 8 (Korea Bizwire) — Shares in SK hynix Inc. plunged on concerns over a slowdown in the memory market, analysts here said Friday, as they lowered the target price for South Korea’s No. 2 chipmaker. SK hynix closed at 94,000 won (US$78) on the Seoul bourse after a 1.78 percent decline, so far [...]
SEOUL, Sept. 9 (Korea Bizwire) — SK hynix Inc., South Korea’s No. 2 chipmaker, said Wednesday it will support handball teams made up of individuals with developmental disabilities as part of efforts to support their dreams and challenge them through sports. The company plans to form a total of eight teams by Oct. 18 and [...]
SEOUL, Sept. 1 (Korea Bizwire) — DRAM prices in the spot market have recently been declining amid expectations for weaker demand stemming from widening COVID-19 vaccinations around the globe, industry sources said Wednesday. According to market tracker DRAMeXchange, the average contract price of 8-gigabit DDR4 DRAMs for PCs came to US$3.889 on Monday, the lowest [...]
SEOUL, Aug. 26 (Korea Bizwire) — Samsung Electronics Co. expanded its lead in the global NAND flash market in the second quarter of the year, a report showed Thursday, on the back of strong chip demand and price hikes. The South Korean tech giant posted a market share of 34 percent in terms of revenue [...]
SEOUL, Aug. 24 (Korea Bizwire) — Samsung Electronics Co. expanded its dominance in the global DRAM market in the second quarter of the year, a report showed Tuesday, thanks to bullish demand and chip price hikes. The South Korean tech giant registered a 43.6 percent share of the global DRAM flash market in terms of [...]