SK On has moved staff that focused on prismatic batteries to its research team for 4680 cylinder batteries, TheElec has learned.The battery type is being developed by almost all major lithium-ion battery makers such as LG Energy Solution, Samsung SDI, and Panasonic as well as Chinese battery makers

LS Cable & System Asia, the largest cable maker in Vietnam, is entering the rare-earth mineral market, TheElec has learned.The company plans to collaborate with a local company, and then supply the minerals to affiliate LS MnM that will smelt them, sources said.Rare-earth minerals refer to 17 heavy

Wonik Holding’s scrubber for semiconductor production was going through Samsung’s quality test, TheElec has learned.The company’s equipment was also going through a quality test by a South Korean 8-inch chip foundry, sources also said.Wonik Holdings wants to focus on high-end scrubbers such as those

Samsung will use its own chip from its Exynos brand of application processors in its upcoming Galaxy S24 Series, TheElec has learned.The South Korean tech giant only used Qualcomm’s Snapdragon chips for its Galaxy S23 Series unveiled earlier this year due to yield issues in Exynos.Samsung will use b

LG Energy Solution said on Thursday that its lithium iron phosphate (LFP) battery for energy storage systems (ESS) was level in performance with its nickel cobalt manganese (NCM) counterparts.Its own test showed that its NCM batteries for ESS had a round trip efficiency (RTE) of 97%, while its LFP v

SK Hynix said on Monday that it has given a sample of its HBM3E to a customer.High bandwidth memory connects DRAM vertically to increase their speed and is currently in high demand from AI applications.HBM3E is an expansion of HBM3 with a further increased speed of 1.15TB per second.The South Korean

Atomic force microscope (AFM) equipment maker Park Systems recorded 34.9 billion won in revenue and 10.1 billion won in operating profit in the second quarter.The earnings beat market consensus and is a growth of 139% and 7352%, respectively, from a year ago.The high growth is also noticeable as the

South Korean 8-inch chip foundries, just like their Taiwanese counterparts TSMC and Vanguard International Semiconductor, have lowered their service prices this year from low demand from the IT sector, TheElec has learned.Their transition to 12-inch foundries has also impacted their drop in service

Samsung’s chip division recorded a steep operating loss of 4.36 trillion won in the second quarter due to the global economic downturn that is causing weak demand for IT products.However, inventory of chips peaked in May and is declining, the South Korean tech giant said, a sign that demand for chip

Display production equipment maker Sunic System said on Tuesday that it will be supplying its deposition machine for OLED on silicon (OLEDoS) to Chinese display panel maker SeeYa.The deal is worth 32.2 billion won and the contract will last until June of 2024.OLEDoS is a microdisplay that is touted

Accelerator RedElec, which specializes in semiconductors, batteries, and displays, said on Thursday that it has formed its first venture investment association worth 2.5 billion won.The association, called RedElec Battery First Investment Association, will become the initial investor of promising st

Eaton Korea is aiming to expand its supply of electric solutions for data centers in South Korea, its country manager for the country told TheElec.The South Korean data center market is growing quickly from various trends such as AI, Eaton Korea President Oh Seung-hwan said.As data centers need unin

Display equipment maker Charm Engineering has won its patent lawsuit against Enjet after three years of legal back and forths.Earlier this month, the Supreme Court denied the two appeals made by Enjet against Charm Engineering.Enjet had filed appeals against two Patent Court decisions that invalidat

Samsung Electro-Mechanics said on Tuesday that it has developed two new multi-layer ceramic capacitors (MLCC) for automotive applications.The new MLCCs are 250V, 33nF and 100V, 10microF for 125 Celsius, respectively, in specifications.The South Korean component maker said the two new MLCCs had the h

Hyundai Motor Group said on Tuesday that it will spend 2 trillion won to build a new electric vehicle factory in South Korea.Construction of the factory to be built at the city of Ulsan will start in the fourth quarter this year with completion expected in 2025.The new factory will use smart systems

On March 2, multiple automotive chip companies saw their share price drop on the New York Stock Exchange. STMicroelectronics and Wolfspeed saw their prices drop 2.43% and 6.98%, receptively. The cause was Tesla, which announced on the prior day that it plans to substantially reduce the number of sil

Samsung’s chip division posted a loss of 4.58 trillion won during the first quarter, the division’s first loss in 14 years.The South Korean tech company said on Thursday that it posted 63.75 trillion won in revenue and 640 billion won in operating income, a drop of 18.75% and 95.47%, respectively, f

Apple has recently approved the use of a Gen 8 OLED deposition machine developed by Sunic System, TheElec has learned.The iPhone maker had previously wanted the South Korean display panel makers to use a machine developed by Japan’s Canon Tokki.Sources said however Apple’s approval wasn’t an active

LG Innotek has acquired 77 patents in the US from the now defunct autonomous driving startup Argo AI, TheElec has learned.Argo AI, which closed its business in October last year, was an autonomous driving startup that focused on lidar sensor technologies.Lidar shoots beams of light and measures the

The global CMOS image sensor market contracted for the first time in seven years last year due to low demand for electronics and IT devices, according to Japanese analyst firm Techno Systems Research (TSR).Sony, the undisputed leader in the sector, saw its market share increase during this drop whil