LG Energy Solution said on Monday that it will aim to exceed 66 trillion won in annual revenue by the year 2028.This will be more than double its revenue last year of 33.74 trillion won.LG Energy Solution CEO Kim Dong Myung said the battery maker wanted sustainable growth while also focusing on the

Nain Tech was developing and researching a film for use in solid electrolytes.The company’s affiliate Energy11 told TheElec that the research was going smoothly and that it is aiming to launch the product next year.The film aims to be in solid-state batteries that use oxide hybrid solid electrolytes

Memory makers are attempting to win over server operating system developers to get an edge on the Compute Express Link (CXL) market on the horizon.Samsung, the world’s largest memory maker, is collaborating with Linux giant Red Hat, while rival SK Hynix seems to be aiming to win over the entire ecos

Samsung has secured US AI chip firm Ambarella as a customer for 2-nanometer (nm) foundry, TheElec has learned.The South Korean chipmaker already secured Ambarella as a customer its 5nm process node for the latter’s advanced driver assistance system (ADAS) with self-driving feature in February.The So

Nanotech Energy is planning to manufacture its 2170 cylindrical battery using a South Korean contract manufacturer, TheElec has learned.The South Korean manufacturer is expected to supply 3GWh worth of the batteries annually starting in 2026, sources said.The batteries are for energy storage systems

Samsung SDI was converting one of its battery pack factories in the US to meet demand for batteries from the energy storage system (ESS) market, TheElec has learned.The South Korean battery maker acquired the facility in Michigan from Magna Steyr in 2025.The facility houses two battery pack factorie

The memory bosses of Samsung and SK Hynix shared their respective company’s different strategies concerning high-bandwidth memory (HBM) at an industry show in Taiwan on Wednesday.Samsung Memory Business President Lee Jung-Bae and SK Hynix President Juseon Kim made keynote addresses on Wednesday, sha

Woowon Technology developed a new equipment that can stack the cathode, anode and separator for prismatic batteries in 0.3 seconds, the company said on Monday.The previous fastest stacking equipment was those for pouch batteries which performed the task in 0.35 seconds.Woowon Technology said its equ

Battery equipment maker PNT is planning to build a lithium iron phosphate (LFP) battery cell production line within the year, TheElec has learned.The production line will be set up at its facility in Gumi with an annual capacity of 0.5GWh, sources said.The batteries will be prismatic and is aimed fo

Samsung Display signed a contract with Microsoft to develop and supply OLED on silicon (OLEDoS) for the latter’s mixed reality (MR) device, TheElec has learned.The South Korean display maker is expected to supply hundreds of thousands of units, sources said.Microsoft was developing the MR device for

Sapeon was collaborating with outsourced semiconductor assembly and test (OSAT) companies Amkor Technology and ITEK for the production of its X330 AI chip, TheElec has learned.Amkor will handle the packaging of X330 and ITEK the product test, sources said.Sapeon announced the chip last year and is p

Park Systems has supplied its extreme ultraviolet (EUV) mask repair equipment, called NX-Mask, to a global foundry company, TheElec has learned.It had provided a test version of the equipment before and now the chip foundry has placed an official order in the second quarter of the year, sources said

Battery material maker EcoPro is planning to build its own battery cell production line, TheElec has learned.The line is being made not for commercial production but for research and development of materials such as cathode, separator, current collector, and electrolyte.EcoPro has already started fo

Wireless security solution provider Gitsn is planning to list on Kosdaq on the back of its projected high growth rate this year.Gitsn CEO Han Dong-jin said the company expects an 80% year-on-year growth in revenue from strong sales of its wireless security solutions.Its revenue from sales of wireles

Alphawave Semi is planning to form an office in South Korea to strengthen IP sales to local fabless chip companies, TheElec has learned.Currently, it has a few staff stationed in the country and its headquarters directly supports its fabless and design house customers here.Alphawave Semi, a chipless

Fadu will have sales ownership of the Compute Express Link (CXL) switch chip developed by its subsidiary Eeum.Eeum CEO Jinki Han said the subsidiary will define the hardware model and architecture of the chip.Then, Fadu will takeover the resister transfer level coding and oversee production and sale

Samsung was developing a new chip package technology to prevent overheating in application processors (AP), TheElce has learned.The package attaches a heat path block, or HPB, on top of the SoC, and is expected to be used on future Exynos chips, sources said.The technology, called by its full name f

Samsung’s fab equipment-making subsidiary Semes has succeeded in developing an argon fluoride immersion (ArF-i) lithography track equipment.The first unit of the equipment, called Omega Prime, was supplied last year and Semes was making a second unit, the company said on Monday.South Korean chipmake

EcoPro BM was developing a sodium-ion cathode for batteries and was in talks with car makers for potential supply deals.Dongwook Lee, director of the Future Materials Division at EcoPro BM, told TheElec during Interbattery Europe 2024 being held in Munich that the company was developing various batt

DB Hitek is expected to manufacture a chip that will go into Tesla cars, TheElec has learned.The automotive chip is being designed by a US fabless chip company, which will conduct audits of DB Hitek in June and October.The June audit will be conducted by the fabless alone, while in October Tesla wil