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 [...]
SEOUL, June 3 (Korea Bizwire) – Hyundai Motor, a bellwether for Korea’s economy along with Samsung Electronics, saw its stock price collapse more than 10 percent to its lowest level in 57 months on June 2. Shares of the company, the fifth largest automaker in the world, tumbled 10.36 percent to 138,500 won (US$125.3), their [...]
SEOUL, June 2 (Korea Bizwire) – The new SK Corporation, which will be launched in August after a merger between SK Corporation and SK C&C, aims to achieve 200 trillion won in sales and 10 trillion won in pre-tax profits by 2020. SK Corporation, SK Group’s holding company, and SK C&C, the group’s IT arm, [...]
SEOUL, May 28 (Korea Bizwire) – Affected by the low yen, Hyundai Motor, the largest automaker in Korea, lost its No. 2 position in the KOSPI market in terms of market capitalization to SK Hynix. On May 27, shares of the top automaker fell 1.88 percent to 157,000 won from a day earlier, shrinking its market [...]
SEOUL, May 26 (Korea Bizwire) — South Korean chip giants Samsung Electronics and SK hynix grabbed a record 75 percent share of the global mobile dynamic random access memory (DRAM) market in the first quarter on Samsung’s stellar performance, data showed Tuesday. Samsung, the world’s top maker of mobile DRAMs, took up 52.1 percent of the global market [...]
SEOUL, May 22 (Korea Bizwire) – Samsung Electronics, South Korea’s top chipmaker, narrowed its gap with No. 1 global player Intel in chip sales in the first quarter of the year, data showed Friday. Samsung’s chip sales increased 6 percent on-year in the January-March period to US$9.33 billion, the data compiled by industry tracker IC Insights [...]
SEOUL, May 12 (Korea Bizwire) — South Korea’s presence in the global market for dynamic random access memory (DRAM) hit a record high in the first quarter of 2015, data showed Tuesday, helped by Samsung Electronics Co.’s efforts to push ahead with its latest 20-nanometer products. The combined market share of Samsung Electronics and its [...]