Speculation is rife about the possibility of SK Hynix Inc. strengthening its system semiconductor business.SK Hynix is expected to post 6.44 trillion won (US$5.49 billion) in sales and 822.80 billion won (US$701.39 million) in operating profit in the second quarter, according to market tracker FnGui
General Motors Co. Chairman Mary Teresa Barra announced restructuring plans last year to downsize the workforce by 18,000 in North America and shut down seven plants around the world. In addition, she said she would close down two more overseas plants which fail to make a profit at the end of this y
A Samsung Display official said on June 18 that Samsung Electronics is ready for volume production of the Galaxy Fold."Foldable phones are ready for volume production, and we are also on standby," said Kim Sung-chul, vice president of Samsung Display, at a special forum held to mark the 20th anniver
Samsung Electronics has unveiled a plan to develop a neural processing unit (NPU), an artificial intelligence-based semiconductor that resembles a human brain, as part of its efforts to become the global leader in system semiconductors by 2030.To this end, the company plans to increase the number of
The number of companies which have decided to pay out interim dividends in the first half of this year has increased compared to last year. With investors’ interest in stock dividends growing due to low interest rates, more and more companies are paying out interim dividends as there are growing cal
Chinese TV manufacturers such as TCL strategically increased their shipments to the United States in the first quarter of this year. On a sell-in basis, TCL topped the U.S. TV market for the first time in Q1 this year by supplying 2,432,800 units and accounting for 26.2 percent of the total supply.
Samsung Electronics has recently received orders from Qualcomm and Nvidia, which are leading the global mobile application processor (AP) and graphic processing unit (GPU) markets. Samsung’s products to be supplied to the two companies are likely to be based on its extreme ultraviolet (EUV) 7 nm pro
Intel, which has been suffering a supply shortage of central processing units (CPUs) from last year, chose Samsung Electronics as its foundry service provider instead of Taiwan’s TSMC, the largest foundry firm in the world. This seems to be a strategic decision not to upset the U.S. government which
A New Zealand Tech Roadshow is visiting Korea this week for a series of events designed to connect innovative New Zealand tech firms with tech-savvy Korean counterparts.The roadshow is supported by the New Zealand Chamber of Commerce in Korea, known as “The Kiwi Chamber,” and the New Zealand Embassy
Lee Jae-yong, vice chairman of Samsung Electronics, sought to awaken the entrepreneurial spirit of company executives at a recent meeting held on June 14 to discuss the global business strategy of the company’s IT and Mobile (IM) Division."We must take on the challenges lying ahead with the spirit o
Samsung Electro-Mechanics is expediting its plan to foster its multilayer ceramic capacitor (MLCC) business. At its center is its Busan plant. MLCCs for automobiles produced at this plant are very small -- 3.2 mm in width and 2.5 mm in length. This plant manages the entire production process from re
With the global smartphone market stagnating, phone makers from Korea and China are focusing on the Indian market which continues its upward curve. China's Xiaomi has been in the top position since last year, while Samsung Electronics and LG Electronics are seeking to overtake the front runner b
The 8K TV market is expected to bloom this year as demand for the industry's highest resolution TV is growing explosively. In the Korean TV market, after Samsung Electronics’ first salvo in November of last year, full-scale competition began as LG Electronics launched an 88-inch 8K organic light
The Renault Samsung Motors labor union canceled its all-out strike in seven days on June 12 with the majority of its members refusing to participate in the strike. The management of the company, which is planning to file a damage suit against the union, canceled its partial lockout in one day in res
The number of 5G subscribers exceeded one million as of June 10, the Ministry of Science and ICT said on June 12. 5G mobile phones sold about 230,000 units during the first month of 5G services, exceeding the initial adoption pace of 4G services.The surge in 5G subscribers in the initial period is a
Samsung Electronics will launch the Galaxy M40, the fourth model of the Galaxy M series, in order to penetrate the Indian market. It remains to be seen whether the Galaxy M40 will record sold-outs as did the Galaxy M10, M20 and M30 and help Samsung Electronics regain the top spot in the Indian smart
Renault Samsung Motors will file a damage suit against the labor union leadership, claiming that its daily losses from an illegal strike amount to more than 10 billion won.Renault Samsung recently took action to hold labor union leaders responsible for causing astronomical losses to the company thro
With the United States-China battle for technology hegemony intensifying, a global ICT fair in Shanghai, China took a bitter blow.Although the CES Asia 2019 opened in Shanghai on June 11, the presence of Korean companies decreased noticeably, with major domestic companies including Samsung Electroni
Although the global display panel market remains stagnant, Chinese companies continue to grow rapidly, increasing their market share significantly. They have already taken first place in terms of shipments and are chasing Korean producers closely in terms of sales.According to global market research
Korea Gas Corp. (KOOGAS) announced on June 11 that it has completed its first LNG production and shipment at Prelude FLNG, the world's largest floating liquefied natural gas platform established in Australia.KOGAS has a 10 percent stake in the Prelude project. Operators of the platform began to