SEOUL, Oct. 23 (Korea Bizwire) — OpenAI unveiled an ambitious blueprint for its expansion into South Korea on Wednesday, calling for a dual-track strategy that combines the development of “sovereign AI” infrastructure with deeper international collaboration. The plan marks the company’s clearest signal yet that it views South Korea as a pivotal partner in the global [...]
SEOUL, Oct. 19 (Korea Bizwire) — SK Hynix is poised to report the highest quarterly operating profit in its history, surpassing 10 trillion won for the first time and becoming only the second South Korean company — after Samsung Electronics — to reach the milestone. According to a survey of brokerage forecasts compiled by Yonhap Infomax [...]
SEOUL, Oct. 13 (Korea Bizwire) — As Samsung Electronics grapples with a prolonged semiconductor downturn, its labor union has come under criticism for publishing content that favorably compares rival SK Hynix to its own employer, a move some observers say could further dent morale inside the tech giant. The SELU branch of Samsung Electronics under the [...]
SEOUL, Sept. 1 (Korea Bizwire) — SK hynix Inc. and its labor union reached a tentative wage deal Monday that includes a 6 percent pay rise and the removal of the ceiling on so-called profit-sharing bonuses, industry sources said. After 11 rounds of negotiations over the past three months, the management and the union decided [...]
SEOUL, Aug. 25(Korea Bizwire) — South Korean chipmaker SK hynix Inc. said Monday it has begun mass production of a new quadruple level cell (QLC) NAND flash to address the growing need for high-performance products in the artificial intelligence sector (AI). The 321-layer 2Tb QLC1 NAND flash product has doubled the data transfer speed, with [...]
SEOUL, Aug. 18 (Korea Bizwire) — The head of SK hynix Inc., South Korea’s No. 2 chipmaker, said Monday that SK Group’s bold investments and vision have enabled the company to take a leading role in the high bandwidth memory (HBM) market. Kwak Noh-jung, the chief executive officer of SK hynix, made the remarks during [...]
SEOUL, July 28 (Korea Bizwire) — For years, Samsung Electronics has reigned as the top choice among South Korean college students aspiring to land their first job. But that crown has now passed to another tech giant—SK hynix. In a shift that reflects the evolving aspirations of a new generation of job seekers, SK hynix has [...]
SEOUL, July 24 (Korea Bizwire) – South Korean chipmaking giant SK hynix Inc. said Thursday its second-quarter operating profit surpassed 9 trillion won (US$6.53 billion) for the first time, driven by booming demand for artificial intelligence (AI) chips, including high bandwidth memory (HBM). In a regulatory filing, the company reported an operating profit of a [...]
SEOUL, July 24 (Korea Bizwire) — South Korean chipmaker SK hynix will pay all employees a productivity incentive (PI) bonus equivalent to 150% of their monthly base salary for the first half of 2025, the company announced Tuesday. The move reflects the firm’s exceptional financial performance, driven by its dominant position in the high-bandwidth memory [...]
Rival Samsung Falls Short Amid Inventory Pressures, Misses Estimates SEOUL, July 23 (Korea Bizwire) — South Korean chipmaker SK hynix Inc. is expected to post record earnings for the second quarter, driven by surging demand for high bandwidth memory (HBM) chips used in artificial intelligence applications, according to analyst estimates released Wednesday. In a survey [...]