A semiconductor alliance is being strengthened between the world’s largest foundry company, TSMC, and the United States.TSMC held a tool-in ceremony at its new fab in Phoenix, Arizona on Dec. 6 with the attendance of U.S. President Joe Biden, TSMC founder Morris Chang, Apple CEO Tim Cook, Nvidia CEO
The author is an analyst of NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com. -- Ed. Obigo is specialized in commercialization of automotive software for use in connected car services. Moving forward, its business alliance with LGU+ should generate sound synergies. Obigo is
Coupang hosted U.S. and Korean government officials at its Daegu Fulfillment Center (FC) on Dec. 7 to discuss the company’s latest contributions to the Korean society. The event was attended by Philip S. Goldberg, the U.S. ambassador to the Republic of Korea, and officials from the government and lo
Hyundai Motor Group ranked second in the U.S. electric vehicle (EV) market in the January-September period of this year.The group accounted for 9 percent of the U.S. EV market during the period -- Hyundai Motor Co. took up 4 percent, placing fourth, while Kia Corp. controlled 5 percent, ranking thir
Huawei has signed a global commitment to join the International Telecommunication Union's Partner2Connect digital alliance, which will bring connectivity to about 120 million people in remote areas in more than 80 countries by 2025.Liang Hua, chairman of Huawei, announced the decision at the com
HMM’s share of the Asia-U.S. West Coast route has fallen to the 4 percent range in seven years. The route accounts for more than 40 percent of HMM’s sales. The drop in HMM's market share is because not only large shipping companies but also small and medium-sized shipping companies that do not b
The Nikkei reported on Nov. 13 that eight Japanese companies (Toyota, Sony, Kioxia, Denso, NEC, SoftBank, Mitsubishi UFJ Bank and NTT) will found Rapidus to develop next-generation semiconductor technologies such as 2-nm chips. The new company is expected to start 2-nm chip mass production in 2025 l
SK Group and the Korean Committee for UNICEF jointly held the 2022 Child-Friendly Enterprises Forum at the Kensington Hotel in Yeouido, Seoul on Nov. 7 to explore ways to integrate children's rights into business.The group has been leading the Happy Alliance, a social contribution network commit
Shinhan Financial Group and Visa announced on Nov. 6 that they forged a strategic partnership related to data and global business at the Visa headquarters in San Francisco, the United States on Oct. 17.Through this partnership, Shinhan Financial Group plans to use Visa’s global data to develop new p
SK On, a global leading electric vehicle (EV) battery manufacturer, announced on Nov. 6 that it signed a lithium hydroxide supply deal with Chile’s SQM.The move follows the company's recent deals with Australian lithium developers and will further strengthen its supply chain for critical battery
Korea must participate in the Chip 4 Alliance led by the United States to ensure a stable supply of semiconductor production equipment, a report from the Korea International Trade Association (KITA) says, noting that Korea's semiconductor equipment localization rate stands at a mere 20 percent.A
Hyundai Motor Group and Lotte Group are forging an alliance to strengthen their electric vehicle (EV) charging infrastructure business.The two groups plan to sign a contract within this month at the earliest to establish a special purpose corporation (SPC) to jointly carry out the superfast EV charg
Shinhan Card announced on Oct. 19 that it has signed a memorandum of understanding with Stripe, a U.S. company that operates a global financial infrastructure platform, to promote global Payments as a Service (PaaS).The two companies held a partnership signing ceremony at Shinhan Card's main off
Hyundai Oilbank has completed the construction of a heavy feed petrochemical complex (HPC) which is a heavy oil-based petrochemical facility, and will enter the eco-friendly chemical material business in earnest.Hyundai Chemical, a petrochemical affiliate of Hyundai Oilbank, held an HPC plant comple
The US government has allowed Samsung Electronics and SK Hynix to send semiconductor production equipment to their plants in China for one year without applying for a separate permit.The US Department of Commerce recently gave an official notification of this policy to Samsung Electronics and SK Hyn
LG Energy Solution and Honda announced on Oct. 12 that they would build an EV battery plant in Fayette County, Ohio by investing US$4.4 billion together. The construction period is from early next year to late 2025 and 40 GWh of pouch-type batteries are expected to be produced a year.The plant is th
MBK Partners, the largest private equity fund in Northeast Asia, has joined the Japan Investment Corp. (JIC) consortium in order to take over Toshiba Corp. together with the consortium members, which include Bain Capital.According to reports, potential buyers of the troubled Japanese conglomerate ha
The Federation of Korean Industries held a seminar on Sept. 28 to discuss the United States’ supply chain internalization measures and South Korea’s response.The keynote address was delivered by independent lawmaker Yang Hyang-ja, head of the Semiconductor Industry Special Committee of the National
South Korean Prime Minister Han Duck-soo, who attended the funeral of the late Japanese Prime Minister Shinzo Abe, stressed on Sept. 28 the importance of bilateral cooperation between South Korea and Japan in global supply chains such as the U.S.-led Chip 4 alliance. “Japan is leading the global sem
SoftBank Group founder and CEO Masayoshi Son plans to meet with Samsung Electronics vice chairman Lee Jae-yong to discuss a potential strategic alliance between the South Korean tech giant and ARM, a U.K.-based chip designer owned by SoftBank."I'd like to talk with Samsung Electronics about a st