A cutting-edge CXL IP startup, Panmnesia, announced its participation as the main sponsor at the inaugural CXL Consortium Developer Conference 2024 (CXL DevCon 2024), set to take place in April in Santa Clara, California, USA. Panmnesia will showcase the Compute Express Link (CXL) interoperability o
On April 24 (local time), Chey Tae-won, chairman of SK Group, visited Silicon Valley in the U.S. to meet with Jensen Huang, the CEO of Nvidia. The meeting is believed to have focused on cooperation concerning high-bandwidth memory (HBM), a key component in AI semiconductors.On April 25, Chey posted
LG Energy Solution recorded an operating loss in the first quarter of this year when excluding the advanced manufacturing production credit (AMPC) from the U.S. Inflation Reduction Act (IRA).The company announced on April 25 that its first-quarter provisional sales amounted to 6.13 trillion won (US$
Hyundai Motor achieved an operating profit of over 3.5 trillion won in the first quarter of this year. Its sales reached a record high in the first quarter, surpassing the 40 trillion won mark.Hyundai Motor announced on April 25 that its consolidated sales for the first quarter of this year amounted
SK hynix achieved unexpectedly strong performance in the first quarter, surpassing market expectations.The company announced on April 25 that it recorded 12.43 trillion won (US$9.04 billion) in sales and 2.89 trillion won in operating profits, representing a 23 percent operating profit margin, and 1
SAMSUNG E&A (formerly Samsung Engineering), a total solutions provider for the global energy industry, announced today that it recorded an operating profit of KRW 209.4 billion in the first quarter exceeded the market forecast (KRW 196 billion), continuing a solid performance trend.Through the Q1 pr
With South Korea’s manufacturing investments shifting from the western to the eastern United States, there’s a growing need to establish logistics infrastructure like port terminals on the U.S. East Coast to mitigate logistics risks.According to the report titled “Changes in Import-Export Logistics
The K-UAM One Team consortium, consisting of Korean Air, Hyundai Motor, and KT, has successfully validated the world’s first integrated operational system using 5G aviation networks for Urban Air Mobility (UAM).On April 24, Korean Air announced that it, along with Hyundai Motor, KT, Incheon Internat
Macrogen, a global genome analysis company, has officially started building the largest Global Genome Center in Asia.The Incheon Free Economic Zone Authority announced that Macrogen held a groundbreaking ceremony on April 24 at the Advanced Industry Cluster in Songdo International City, Zone 5, for
Europe’s views are changing in favor of nuclear power generation. Many European countries agree that nuclear power is necessary for carbon neutrality and energy security. They are also investing in new technologies such as small modular reactors (SMRs). Europe has a growing interest in South Korea,
Hanwha Life Insurance has become the first domestic insurance company to venture into overseas banking.The company announced on April 24 that it will acquire a 40 percent stake in Nobu Bank held by Lippo Group, the sixth largest conglomerate in Indonesia. The process of equity investment will be fin
Huawei launched its game-changing RAN Intelligent Agents. The RAN Intelligent Agents introduce a set of telecom foundation model, RAN digital twins system (RDTS), and intelligent computing power to empower 5.5G with intelligence, according to Eric Zhao, Vice President and Chief Marketing Officer of
With Canadian Export Promotion, International Trade and Economic Development Minister Mary Ng leading a large-scale trade mission to Korea, high-level business leaders from both countries have come together to call for expanding cooperation in not only traditional industries such as energy but in cu
Instagram has surpassed Naver and YouTube to claim the spot of Korea’s second-most-used app.On April 23, sample data from domestic smartphone users by app and retail analysis service WiseApp showed that Instagram’s average monthly launch count for the first quarter was 14.93374 billion times. This p
Deutsche Bank has today announced it has been appointed by Euroclear Bank SA/NV as Cash Settlement and Foreign Exchange Bank (under Euroclear direct link) with the Korea Securities Depository (KSD). The mandate is to support South Korean government bond activity for Korea Treasury Bonds (KTBs) and M
Chinese electric multiple unit rapid transit cars, which dominated the U.S. electric rapid transit car market through price war, are being withdrawn from the market one after another due to safety issues and rising costs. Hyundai Rotem, which has struggled due to the price war, is aggressively pursu
Both Samsung Electronics and SK hynix, the two leading semiconductor giants in South Korea, closed lower. The decline was influenced by a simultaneous sharp drop in semiconductor stock prices, with Nvidia falling by 10 percent in the U.S. market.In the KOSPI market on April 22, Samsung Electronics c
Lee Jae-yeon, vice president of SK hynix’s next-generation semiconductor research and development division, the Global Revolutionary Technology Center, stated on April 22 that “Emerging Memory will set a new paradigm for the AI era.”Emerging Memory refers to memory technology based on new forms or p
The author is an analyst for Shinhan Securities. He can be reached at ldh@sinhan.com -- Ed.1Q24 review: OP of engines surpasses construction equipmentHD Hyundai Infracore posted sales of KRW1.16tr (-10% YoY), operating profit of KRW92.8bn (-39% YoY), and operating margin of 8% (-3.8%p YoY) for 1Q24.
The author is an analyst for Shinhan Securities. She can be reached at sunmi.kim@shinhan.com -- Ed.Strong top-line drives earnings surprise & annual forecast revisionHyundai Engineering & Construction posted sales of KRW8.5tr and operating profit of KRW250.9bn for 1Q24, beating consensus estimates b