Samsung Electronics has unveiled a new technology that can greatly enhance the performance of the neural processing unit (NPU), one of the core items in the company’s vision to become the global No. 1 in the system semiconductor field by 2030. The new technology compresses the key data based on deep
Lee Jae-yong, vice chairman of Samsung Electronics, will meet with Masayoshi Son, chairman of Softbank, in Seoul on July 4. The two are known to be close friends.This meeting has been arranged as Son wanted to meet with Korean business leaders after his meeting with President Moon Jae-in. Son is exp
Koh Dong-jin, president of the IT & Mobile Communications Division at Samsung Electronics Co., recently said that the company needed more time to release the Galaxy Fold.“We are in the process of recovery,” Koh was quoted as saying at a meeting with local media outlets in Seoul and the U.K.'s Th
In October last year, the U.S. government banned semiconductor equipment export to China to block China’s rise in the semiconductor industry, and then American companies such as Lam Research and KLA-Tencor as well as Applied Materials, the largest player in the industry, stopped doing business with
SK Telecom announced on July 1 that it has succeeded in data communication using the 5G system by linking core equipment and the 5G standalone (SA) packet exchanger, which is based on the exclusive 5G standard, with Samsung Electronics for the first time in Korea.The current 5G network is not a pure
Korean automakers are rushing to launch connected car services. They have loaded new models with car infotainment devices based on wireless communications and are seeking to draw customers’ attention to them.Renault Samsung Motors introduced a voice recognition service to the recently launched All-N
Samsung Electronics has begun to expand the ecosystem for Bixby, its artificial intelligence (AI) personal assistant.The company opened a Bixby marketplace on June 27 where some Korean and U.S. users of its smartphones can download “Bixby Capsules.” The “capsule” concept was first introduced by Sams
Samsung Engineering announced in a public disclosure on June 27 that it would extend the suspension period of the Salamanca ULSD project in Mexico to Dec. 23 of this year at the request of the client."Following today's announcement, we will make additional disclosures when the client informs us
LG Electronics and LG International, the core affiliates of LG Group, have agreed to join Kakao’s blockchain platform Klaytn. As Samsung Electronics started to actively participate in the blockchain business by equipping the Galaxy S10 with a blockchain key store, LG is also trying to expand its bus
SK Hynix announced on June 26 that it is ready for volume production of the world's first 128-layer one-terabyte (TB) 4D NAND flashes based on triple level cell (TLC) arrays.The Korean chipmaker achieved the milestone in just eight months since it announced the world’s first 96-layer 512 Gb (gig
The heads of Samsung, Hyundai Motor, SK and LG Groups met with Crown Prince of Saudi Arabia Mohammad Bin Salman bin Abdulaziz Al Saud on June 26 and discussed cooperation in various industries such as energy, information and communications technology (ICT) and automobile.The South Korean companies a
Samsung C&T's construction unit announced on June 25 that it has won the Thi Vai LNG Terminal construction project, which was awarded by Vietnam's state-run gas firm PetroVietnam Gas Corp.The company said it has formed a consortium with the local company PetroVietnam Technical Services Corp.
SK Group plans to move all IT systems of its affiliates to the cloud by 2023 to enhance IT scalability and flexibility by tapping into the latest digital technology.SK Group has recently set up a group task force (TF) to establish a road map for cloud conversion. The roadmap will be finalized by the
U.S. President Donald Trump is expected to meet with Korean business leaders during his visit to Korea from June 29 to 30. They will include Lee Jae-yong, vice chairman of Samsung Electronics, Chung Eui-sun, senior vice chairman of Hyundai Motor Group, Chey Tae-won, chairman of SK Group, and Koo Kwa
Edelman Korea, part of the world’s largest communications marketing agency, has announced its release of Edelman Digital Korea’s third issue of EDK Trends Watch, which covers the top 11 market, target, and technology trends that will shape 2020. The trends book has been first released at Edelman Dig
Lee Jae-yong, vice chairman of Samsung Electronics, had a private meeting with key executives of non-electronic affiliates of Samsung Group on June 24 to discuss their business strategies.Lee visited the main building of Samsung C&T for a meeting with Lee Young-ho, president of Samsung C&T's Con
The Korea Institute for Industrial Economics & Trade announced on June 24 that the ongoing global economic recession and U.S.-China trade war are likely to lead to a 5.9 percent decline in South Korea’s exports and a 6 percent decline in capital expenditure this year.“In South Korea’s 13 key industr
OLED TVs are leading the European market for premium TVs costing more than US$2,500, while the U.S. premium TV market is led by LCD TVs. The global OLED TV market is dominated by LG Electronics, while Samsung Electronics is the key player in the premium LCD TV market.Europe and the United States acc
Some production lines at Toshiba Memory Corp.’s plant in Mie Prefecture, Japan, have not been restored yet after a shutdown on June 15 due to a power failure. Semiconductor industry analysts estimate the damage caused by the blackout at 30,000 to 100,000 wafers, which represent 10 to 25 percent of T
The Korean fabless market is expected to expand in line with the government's policy to foster system semiconductors.Korean fabless companies are given an opportunity to grow, but semiconductor industry insiders say that their small share in the world fabless market and lack of professional huma