Hanwha Momentum, the battery equipment-making subsidiary of Hanwha Corporation, was asked by SK On to make compensations for the fire that happened at the latter’s battery factory in the US, TheElec has learned.The fire at SK On’s factory in the US started at the formation process part of the produc

SK On is planning to expand its electric car battery production capacity in South Korea to meet rising demand from customer Hyundai Motor.Hyundai Motor has started construction of a new EV production facility at Ulsan.SK On is planning to start spending on its facilities at Seosan this year with the

LG Energy Solution was in talks with Japan’s Toyota to supply the auto giant with electric vehicle batteries, TheElec has learned.The pair were discussing forming a potential joint venture and other specifics, sources said.LG Energy Solution and Toyota are expected to announce their collaboration wi

SK Hynix said on Wednesday that it recorded 12.15 trillion won in revenue and 2.85 trillion won in operating profit during the first quarter.Revenue jumped by 43% from a year ago, while operating profit increased 116% over the same time period.It is SK Hynix’s best performance for the first quarter

Samsung Electro-Mechanics said on Tuesday that it has developed 13 new multi-layer ceramic capacitors that can withstand 150 Celsius heat.The MLCCs are designed for automotive applications and will be supplied to auto-parts makers, the company said. They range in size from 3225 (3.2x2.5mm) to 1608.C

AI inspection equipment maker Twim said on Friday that it has recorded 21.6 billion won in revenue and 1.2 billion won in operating profit in 2021.It marks the second year that the company has marked a profit.Twim said revenue from its AI inspection equipment was higher than its previous sources of

Samsung said on Friday that it recorded 76 trillion won in revenue and 13.8 trillion won in operating income in the fourth quarter of 2021.Revenue increased by 23.48% year-on-year while operating income jumped 52.49% over the same time period.But the operating income figure is below South Korean ana

Qualcomm CEO Cristiano Amon said on Thursday that the global chip shortage was easing and the situation is expected to improve next year.Supply has improved this year over 2020 and the situation is expected to improve even more in 2022, especially compared to 2020, Amon told reports from South Korea

South Korea’s market for raw materials and chemicals used in the production of printed circuit boards (PCB) is expected to grow this year, according to the Korea Printed Circuit Association (KPCA).This is thanks to double-digit growth in the semiconductor board market, which is increasing demand for

Hanwha Systems and Truwin will form a joint venture that will start supplying high sensitivity micro electro mechanical systems (MEMS) to Hyundai Motor in 2023.Hanwha Systems said on Wednesday that the joint venture will develop infrared sensors and other automotive sensors.The newly formed company

Hanwha Systems and Truwin will form a joint venture that develops and manufactures infrared thermal camera sensors.The pair will make the formal announcement this week, TheElec has learned. Hanwha Systems will own the larger stake in the newly formed company.Hanwha System is attempting to expand its

SKC said on Wednesday that its sixth copper foil factory will start operation within the year.The factory will add 9,000 metric tonnes a year in production capacity, which means the company’s total will be 52,000 metric tonnes.SKC said it has pulled the sixth factory’s activation date three to six m

Fab equipment maker Neosem was close to finishing the development of testers for Gen 5 solid-state drives (SSD), the company said.The company will likely begin supplying the kits to customers during the second quarter of next year.The tester is used at the back-end of PCIe 5.0 SSD production. Gen 5

DDR5 memory prices are expected to over 30% higher than DDR4, according to TrendForce’s forecast.DDR5 memory is expected to be supplied beginning next year and expand rapidly by 2023.However, TrendForce said PC OEM ares expected not to adopt DDR5 fully next year.Intel is planning to launch its CPU A

Liquid lens can help with changing focal points in cameras, Frederic Laune, business manager at Corning Varioptic Lenses, said.Corning was also looking to expand the application of the technology based on its successful application in medical and industrial sectors, the manager told TheElec in an in

Printed circuit board (PCB) maker Daeduck Electronics has liquidated its factory in the Philippines, TheElec has learned.The factory had manufactured low value automotive boards. Daeduck is ending the business due to low profitability.The company entered Philippines in the mid-1990s to save costs bu

LG Energy Solution has placed additional orders for mixing equipment used in battery production for the factory at Lordstown, Ohi, run by its joint venture Ultium Cells with General Motors, TheElec has learned.Related companies were notified of the order from LG Electronics’ Production engineering R

Samsung had sent a new confidentiality agreement to its semiconductor and component partners in July, TheElec has learned.The agreement asks for stricter security measures for sensitive technologies and includes a financial penalty for breaching the contract, sources say.The contract was written by

Samsung Electronics has ended its semiconductor distribution rights contract with Mujin Electronics as of the end of June, TheElec has learned.The South Korean tech giant will be handing over the rights to electronic component distributor SAMT instead. This process will be done in September.SAMT wil

Intel said on Monday that it has secured Qualcomm and Amazon Web Services as its customer for foundry services.The world’s largest chip maker by revenue also revealed that it was planning to develop a 1-nanometer (nm) process by 2025.Intel’s plan is aggressive and it is clear that the company intend