The U.S. government has announced a plan to provide over 2 trillion won (US$1.5 billion) in subsidies to the U.S.-based semiconductor company GlobalFoundries. This marks the first large-scale support initiative since the enactment of the CHIPS and Science Act (CSA) in 2022 aimed at building the semi
The KIMM has succeeded in conducting the cooling test of a large-capacity ultra-low temperature (hereinafter referred to as ULT) Turbo-Brayton cooling system using a zero GWP refrigerant.The research team led by Principal Researcher Junseok Ko of the Department of Energy Storage Systems of the Korea
The first meeting of the Korea-Netherlands Semiconductor Dialogue kicked off in Eindhoven, the Netherlands, on Feb. 19 (local time). The Korean and Dutch governments agreed to hold the meeting during President Yoon Suk-yeol’s state visit to the Netherlands in December 2023. The ministries in charge
SK hynix President and CEO Kwak Noh-jung stated that the company is carefully considering the selection of a site for an advanced packaging facility in the United States, targeting all states.On Feb. 19, CEO Kwak made these remarks during a meeting with the press following the regular meeting of the
South Korea’s exports to China are expected to surge in 2024 due to a recovery of the IT market in China. However, South Korea is unlikely to record a large trade balance surplus as in the past due to an increase in imports of Chinese batteries and the declining competitiveness of Korean products.“I
SK telecom and KT have announced their plans to showcase advanced technologies based on artificial intelligence (AI) at the Mobile World Congress (MWC) 2024, which opens on Feb. 26 in Barcelona, Spain. SKT is set to occupy a large exhibition space of 992 square meters in the Fira Gran Via Hall 3, un
For the first time in 25 years since the foreign exchange crisis, South Korea’s economic growth rate last year fell behind Japan. However, projections indicate South Korea is expected to outpace Japan again this year. Due to prolonged low growth, Japan’s economic size has slipped to the place of fou
Samsung Electronics has entered the competition for a cutting-edge 2-nanometer (nm, one billionth of a meter) foundry process and has secured an order to produce 2-nm semiconductors from a Japanese artificial intelligence (AI) company.According to industry sources on Feb. 15, Samsung Electronics has
Samsung Electronics, along with Taiwan’s TSMC and America’s Intel, is accelerating the competition to introduce advanced 2-nm process technologies in a bid to take the lead in the global foundry market. Fueling this race among the three companies is Sam Altman, CEO of OpenAI, the developer of the ge
The Korea Development Institute (KDI) has maintained its economic growth forecast for South Korea at 2.2 percent for this year. However, it has slightly lowered its forecast for private consumption, citing prolonged high interest rates as a contributing factor.According to the “Economic Outlook” rel
It has been revealed that over 90 percent of nuclear power plants with operating licenses that have expired in major overseas countries are undergoing safety assessments and extending their operational lifespans for continued operation.The active pursuit of continued operation by various countries i
Samsung Electronics is gearing up for the commencement of operations at its semiconductor contract manufacturing foundry in Taylor, Texas, in the U.S. by deploying manufacturing-related personnel in the second half of the year. If the current situation persists, there should be no issues with starti
Partnerships are on the uptick between North America’s No. 1 automaker General Motors (GM) and Korean companies. They started with electric vehicle batteries and are now expanding to battery materials and electronics and semiconductors.GM Chairwoman Mary Barra, who made her first visit to Korea on F
Last year, Taiwan Semiconductor Manufacturing Company (TSMC) achieved the top spot in semiconductor sales worldwide for the first time. On Feb. 6, Taiwan News reported that TSMC, established in 1987, has become the leading semiconductor sales company for the first time.According to TriOrient Investm
SK hynix and Taiwan’s TSMC have established an “AI semiconductor alliance.” SK hynix, riding the wave of generative AI popularity, has emerged as a leader in the high bandwidth memory (HBM) market, while TSMC is the world’s largest semiconductor foundry. The strategy aims to consolidate the companie
Until 10 years ago, there was no semiconductor company in the world that could rival Samsung Electronics. In 2011, it surpassed Intel to become the global leader in the semiconductor market in terms of capitalization. By 2012, it rose to fifth place among global information technology (IT) companies
The Korea Development Institute (KDI) recently evaluated the state of the South Korean economy, noting a recovery in exports but a slowdown in domestic consumption. This marks the third consecutive month that the KDI has assessed a “slowdown in domestic consumption.”On Feb. 7, the KDI assessed the e
Korea’s current account surplus reached US$35.5 billion in 2023. This was mainly because the volume of goods exports reaching a yearly high at the end of 2023.The current account surplus stood at US$7.41 billion in December, according to a December 2023 provisional balance of payments data released
Xiaomi and Huawei, major Chinese smartphone manufacturers, are set to launch a series of new premium phone models, intensifying competition for Samsung Electronics, which is already contending with Apple’s iPhone. The Xiaomi 14 series will be globally released this month, featuring the Qualcomm Snap
The Ministry of Trade, Industry, and Energy revealed on Jan. 6 that last year a total of 23 cases of overseas leakage of industrial technology, including “national core technologies,” were detected, marking an increase of 3 cases from the previous year. The government designates as national core tec