According to market research firm Omdia on March 28, Samsung Electronics fell to third place in the global semiconductor company revenue rankings last year. The annual sales of Samsung Electronics’ semiconductor (DS) division were reported to be US$44.374 billion, marking a 33.8% decrease from the U
The AI semiconductor market, currently concentrated on Nvidia and High Bandwidth Memory (HBM), is expected to diversify into DRAM and other areas moving forward.On March 28, Kwon Seok-jun, a professor in the School of Chemical Engineering at Sungkyunkwan University, participated in the 2024 ACE Semi
Samsung Electronics has introduced a sample version of its next-generation graphics DRAM, GDDR7. Graphics DRAM, along with High Bandwidth Memory (HBM), is considered a profitable product in the Artificial Intelligence (AI) memory lineup.According to industry sources on March 28, Samsung Electronics
Kwon Eon-oh, vice president of High Bandwidth Memory (HBM) Product Innovation (PI) at SK hynix, stated on March 28 that “the next-generation HBM not only has to excel in functionality as a given but also needs to evolve into a form that can play roles beyond memory, offering differentiated specialty
Following the victory of the anti-merger faction led by brothers Lim Jong-yoon and Lim Jong-hoon, former presidents of Hanmi Pharmaceutical, in the proxy fight at the Hanmi Science shareholders’ meeting, the OCI Group declared the suspension of the merger process.OCI Holdings, the holding company of
Chey Min-jung, the younger daughter of Chey Tae-won, the chairman of SK Group, has recently founded a healthcare startup in the United States.According to industry sources on March 28, Min-jung has been listed as a co-founder of Integral Health, an AI-based healthcare startup established recently. T
LG CNS announced on March 27 that it has signed an investment agreement for the establishment of a joint venture with Indonesia’s Sinar Mas.Through this agreement, the two companies will establish a joint venture (JV) in Indonesia. The JV will target Indonesian businesses and public customers, pushi
Qoo10 has acquired AK Mall, an internet shopping mall previously operated by AK Plaza, through its subsidiary, Interpark Commerce.Interpark Commerce finalized a business transfer agreement with AK Plaza for AK Mall on the March 27.AK Mall has been known for selling products from department stores wi
Samsung Display Executive Director Jung Seok-woo announced plans to expedite the production of RGB-based micro OLEDs at the OLED Korea conference held at the K Hotel in Seoul on March 28.During his presentation on the Development Strategy for AR/VR in Future Displays, Jung emphasized the collaborati
Doosan Enerbility is making its entry into the aircraft engine business, leveraging its accumulated expertise in power generation gas turbines to broaden its business domain and secure differentiated gas turbine technology.On March 26, Doosan Enerbility announced that it had added “aircraft engine m
Amid the payment of massive subsidies by the United States and Japan for the revival of the semiconductor industry, the government has decided to review the provision of subsidies to the nation’s high-tech industries, including semiconductors. This marks the first official mention by the government
Kwak Noh-jeong, president and CEO of SK hynix, announced on March 27 that the order volume for High Bandwidth Memory (HBM) will remain “tight” until next year, adding that “this year, the proportion of HBM in the total DRAM sales volume will rise to a double digit percentage, which will help profita
An analysis by the World Wildlife Fund (WWF) suggests that the average person ingests as many as 5 grams of microplastics weekly – that’s the equivalent of eating a whole credit card. While the exact effects of plastics on human health are still relatively unknown, the World Health Organization (WHO
Korea’s export value index rose for the fifth consecutive month in February thanks to a recovery of the semiconductor industry. Export value is the current value of exports converted to U.S. dollars and expressed as a percentage of the average of the base period (2000). Semiconductor exports are sho
Hyundai Motor Group announced on March 27 that it will hire 80,000 people and invest 68 trillion won in Korea over the next three years from this year to 2026. The plan is expected to create about 198,000 decent new jobs.The announced investment in Korea is a significant increase from the 56.2 trill
Artificial Intelligence (AI), deep partner collaboration, and building a strong ecosystem foundation were championed as next-level growth engines to new opportunities in industry digitisation at the recent Huawei Cloud APAC Partner Connection Summit 2024.Huawei Cloud Asia Pacific hosted approximatel
South Korean fashion company ShinWon Corporation (CEO: JJ Park) held an ESG Management Vision Declaration Ceremony to establish a mid-to long-term plan for ESG (environmental, social, and governance) and advance as a sustainable company.Through the declaration ceremony, ShinWon aims to publicly anno
Despite a sluggish construction industry, corporate sentiment in the economy has rebounded slightly for the first time in three months, attributed to the recovery in semiconductor exports.According to the survey results of the Business Survey Index (BSI) and Economic Sentiment Index (ESI) for March
There is a prospect that a new era will open in three years where the entire population of 50 million people across the nation can receive anything with a day of ordering it with free shipping.On March 27, Coupang announced its intention to expand its Rocket Delivery service to encompass the majorit
LG Group has decided to invest approximately 100 trillion won domestically over the next five years. This figure represents a slight decrease from previous investments, with half of it allocated for artificial intelligence (AI), biotechnology, and batteries.On March 27, LG Corporation, the holding c