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 [...]
SEOUL, Mar. 12 (Korea Bizwire) — The global semiconductor market is expected to grow at a faster-than-expected click this year thanks to rising demand for DRAMs and other chips, industry sources said Monday. With concerns over an oversupply in the second half of this year waning, more market trackers have revised up their growth projections [...]
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 [...]
SEOUL, Jan. 25 (Korea Bizwire) — SK hynix Inc., a major South Korean chipmaker, said Thursday its net profit jumped 97.7 percent to reach an all-time high in the fourth quarter from a year earlier largely due to strong chip prices on continued favorable market conditions. Net profit came to 3.22 trillion won (US$3 billion) [...]
SEOUL, Jan. 19 (Korea Bizwire) – Employees of South Korea’s two major semiconductor manufacturers are set to receive big bonuses this month for their strong performance last year amid the global boom for chip industries, industry sources said Friday. Samsung Electronics Co. workers in the semiconductor sector will receive annual bonuses, called the Overall Performance Incentive, amounting to up to 50 percent of their annual salary, on Jan. 31, [...]
SEOUL, Dec. 20 (Korea Bizwire) — South Korea’s No. 2 chipmaker SK hynix Inc. plans to establish a joint venture in China to expand its foundry business, industry sources said Wednesday. According to the sources, who declined to be identified, SK hynix’s board of directors plans to discuss the establishment of a joint venture specializing [...]
SEOUL, Dec. 7 (Korea Bizwire) — South Korean tech giants maintained their strong dominance over the global market for dynamic random-access memory (DRAM) chips in the third quarter, data showed Thursday. According to the data compiled by IHS Markit and other industrial sources, Samsung Electronics Co. accounted for 44.5 percent of the market in the [...]
SEOUL, Nov. 15 (Korea Bizwire) – South Korean tech giants said Wednesday no damage has been reported at production plants following the magnitude 5.4 earthquake which struck the southeastern city of Pohang earlier in the day. The quake occurred at around 2:29 p.m. some 9 kilometers north of Pohang, the Korea Meteorological Administration said. The quake was felt across [...]
SEOUL, Sept. 28 (Korea Bizwire) — SK hynix Inc. said Thursday it will build a new research and development (R&D) center with an investment of 200 billion won (US$ 174 million). South Korea’s No. 2 chipmaker said the center will be located in Icheon, 80 kilometers south of Seoul, which is also the home of [...]
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 [...]