SEOUL, Nov. 24 (Korea Bizwire) – SK Corp., the holding firm of South Korea’s No. 3 conglomerate, said Tuesday that it has decided to take over a local manufacturer of special gases used in chipmaking, LCD and solar panels, as part of an effort to bolster its semiconductor material business. SK will buy a 49.1 [...]
SEOUL, Nov. 8 (Korea Bizwire) — South Korean companies’ share of the global mobile dynamic random access memory (DRAM) chip market hit an all-time high in the third quarter of the year, far outpacing their rivals, data showed Sunday. Samsung Electronics Co. accounted for 56.9 percent of global mobile DRAM sales in the July-September period, [...]
SEOUL, Nov. 4 (Korea Bizwire) – South Korean chipmakers are expected to expand their production of dynamic random access memory (DRAM) chips despite falling market prices in a bid to cope with the rise of Chinese rivals, industry sources said Wednesday. The global contract price for a DDR3 4GB module, the standard in setting the [...]
SEOUL, Oct. 13 (Korea Bizwire) — South Korea’s tech titan Samsung Electronics Co. posted a record share of the global dynamic random access memory (DRAM) market in the second quarter, data showed Tuesday, reflecting the rising presence of chips in its business portfolio. Samsung’s share of the global DRAM market came to 45.2 percent of [...]
SEOUL, Oct. 6 (Korea Bizwire) — Samsung Electronics Co. and SK hynix Inc., two major South Korean memory chip makers, have clinched no overseas takeover deals for the semiconductor business this year, industry data showed Tuesday, in contract to their global peers who’ve been strongly engaged in the merger and acquisition (M&A) activities. Samsung Electronics [...]
SEOUL, Aug. 31 (Korea Bizwire) — Foreign investors dumped shares of Samsung Electronics and SK hynix during their recent selling spree sparked by China’s stock rout and uncertainty over a U.S. rate hike, data showed Monday. Offshore investors unloaded 751.3 billion won (US$635.4 million) worth of Samsung Electronics shares between Aug. 5 and Friday, lowering their [...]
SEOUL, Aug. 25 (Korea Bizwire) – South Korean chip giant SK hynix said Tuesday it will spend 46 trillion won (US$38.2 billion) to build three new semiconductor production lines over the next 10 years in an effort to bolster its market position and join government efforts to revitalize the economy. SK Group Chairman Chey Tae-won unveiled [...]
SEOUL, Aug. 5 (Korea Bizwire) — South Korea’s No. 2 chipmaker SK hynix said Wednesday it has agreed to end the ongoing legal battle with U.S.-based SanDisk over an alleged technology leak, and instead plans to extend their patent cooperation. Under the agreement, the two will end the legal battle that started in March last year in [...]
SEOUL, July 15 (Korea Bizwire) – After news of a Chinese state-owned company’s bid to take over US chipmaker Micron Technologies surfaced, Korean semiconductor makers like SK Hynix and Samsung Electronics saw painful losses to their share prices. On July 14, Samsung Electronics declined 3.24 percent to 1,225,000 won, marking the biggest daily loss since May 27, [...]
SEOUL, June 8 (Korea Bizwire) – SK Hynix and its trade union introduced a new model for coexistence and cooperation with subcontractors by raising funds through the donation of part of their increased wages. On June 7, the world’s second largest DRAM chip supplier announced that it decided to implement the wage-sharing program to improve working conditions [...]