Goldman Sachs estimated Samsung Electronics’ Q4 operating profit at 5.82 trillion won, down 58 percent year on year and down 46 percent from the previous quarter. The previous estimate of Goldman Sachs was 7.8 trillion won.It lowered its estimate for the semiconductor business unit of Samsung Electr
The Federation of Korean Industries recently conducted a survey at 150 companies in the top 12 export industries of South Korea and on the top 1,000 list in terms of sales. When it comes to South Korea’s 2023 export growth rate, their average estimate is 0.5 percent. For reference, the rate was 25.7
SK Telecom (SKT) announced on Dec. 20 that it will participate in CES 2023, which will be held in Las Vegas from Jan. 5 to 8, 2023, to showcase green ICT that can accelerate progress towards achieving net zero.SKT will operate a joint exhibition booth with SK Inc., SK Innovation, SK hynix, SK E&S, S
Hyundai Motor Group (HMG) is expected to rank third, the highest ever, in sales in the European automobile market in 2022.The Korean automotive group started to export cars to Europe in 1977. For the first time since then, it is expected to overtake France’s Renault Group in the European market.HMG
SK Group announced on Dec. 18 that its eight subsidiaries will showcase their carbon reduction technologies at CES 2023 by jointly operating an exhibition hall with their 10 U.S. partner companies under the theme of “Together in Action."Two new companies, SKC and SK Biopharmaceuticals, will particip
Samsung Electronics executed the largest amount of capital expenditures (CAPEX), including facility investment, in 2021, according to the 2022 EU Industrial R&D Investment Scoreboard announced by the European Commission on Dec. 15.Samsung Electronics' CAPEX last year increased by 23.7 percent to
A small Korean company has developed a material that is expected to dramatically improve the yield of the extreme ultraviolet (EUV) lithography equipment from ASML, a Dutch semiconductor equipment company.Graphene Lab, a developer of semiconductor and display materials, announced on Nov. 14 that it
Taiwan is a semiconductor-centered economy. The annual output of the Taiwanese semiconductor industry is about 20 percent of Taiwan’s GDP and its semiconductor exports account for more than one-third of its total exports.In Taiwan, the industry plays a very important role in terms of national securi
U.S.-China competition is intensifying in the global semiconductor industry. Bloomberg reported on Dec. 14 that Japan and the Netherlands joined the U.S. ban on semiconductor equipment exports to China. This means China now cannot purchase advanced semiconductor manufacturing equipment from any of t
Samsung Electronics’ foundry sales exceeded its NAND flash sales in the third quarter for the first time.The company's foundry sales came in at US$5.584 billion in the third quarter, according to market research firm TrendForce and analysis reports from securities companies. The sales figure is
The board of directors of the Taylor Independent School District in Texas approved Samsung Electronics' application for a tax cut for its plan to build nine new semiconductor factories in Taylor by investing US$167.6 billion. Chapter 313, which stipulates a property tax reduction policy in Texas
Samsung Electronics has recently renewed a technology-sharing agreement with Huawei, according to media reports.According to a report by The Elec, a Korean online media outlet specializing in electronics parts, Samsung Electronics transferred 98 patents it has in the United States to Huawei in Novem
Samsung Electronics announced on Dec. 12 that it has developed the world’s first large-scale computing system by connecting graphics processing units (GPUs) loaded with processing-in-memory (PIM) chips and is looking for ways to share it with academia and partners.Vice president Choi Chang-kyu, head
Samsung Electronics and SK Hynix have reorganized themselves to respond to a slump in the semiconductor industry. They are seeking to break through the complex global crisis, in which sales are declining due to an economic downturn and the war for supremacy between the United States and China is acc
Tata Group, India's largest conglomerate with US$128 billion in 2022 revenue, will make a foray into the semiconductor business. The powerful group is expected to seek partnerships with existing semiconductor companies in the United States, Korea, Japan, and Taiwan.According to a Nikkei Asia rep
Intel CEO Pat Gelsinger met with Kyung Kye-hyun, president of Samsung Electronics’ Device Solution (DS) Division, and Kim Woo-joon, president of the Network Business Department of the Device Experience (DX) Division, on Dec. 9 to discuss cooperation in the semiconductor field.Upon arrival in Korea f
The Bank of Korea announced on Dec. 9 that South Korea recorded a current account surplus of US$880 million in October. Although it showed a surplus for the second consecutive month, the surplus dropped US$7.13 billion compared to October 2021.This is because imports increased unlike exports. On a c
The Nikkei reported on Dec. 8 that TSMC is directly exposed to the impact of geopolitical disputes between the United States and China.TSMC is currently building a plant in Arizona, which will be its first overseas production base for advanced products. The Taiwanese company announced on Dec. 6 that
Five economic institutions have estimated South Korean enterprises’ capital expenditure growth for next year at an average of negative 2.8 percent. The growth estimate is the lowest in three years. Specifically, the Bank of Korea’s estimate is negative 3.1 percent and those of the Korea Development
Prime Minister Han Deok-soo said on Dec. 8 that the government will issue work resumption orders to the striking cargo transport workers in the petrochemical and steel sectors on the day.Presiding over a temporary cabinet meeting, Han said, "Today, the second return-to-work order will be issued to c