Samsung chairman Lee Jae-yong is expected to meet executives of US electric car maker Lucid next month, TheElec has learned.Lee will accompany South Korea's President Yoon Suk-yeol on his state visit to the US on April 26.There is expected to be a roundtable meeting between US and South Korean busin

Magnachip is planning to downsize its workforce by 5% due to last year’s poor earnings and the overall downturn of the global chip market.The chipmaker was offering voluntary retirement to up to 5% of its workforce, sources said, out of its total workforce of 900.This is likely a precursor before a

Hanmi Semiconductor vice chairman and CEO Kwak Dong-shin saw a huge valuation margin from his investment in fab equipment maker HPSP made two years ago, TheElec has learned.Kwang and Hanmi Semiconductor together bought 25% of the stock in the private company HPSP. Each spent 37.5 billion won for 12.

Yes Power Technix is expected to start operation of its new fab in Busan this month that will manufacture silicon carbide (SiC) power management IC, parent company SK Holdings said on Tuesday.The four-story fab, which went into construction near the end of 2021, will manufacture 150mm SiC power mana

Chinese battery equipment maker Zhejiang Hangke will be forming a joint venture in South Korea, TheElec has learned.The company will form HK Power with a local company. Hangke will spend US$30 million in the venture.The move is likely to supply more equipment to main customer SK On. Hangke recently

LG Display is expected to supply a 30-inch range OLED panel to electric car maker Lucid, TheElec has learned.The supply timeline has been delayed due to Lucid’s financial difficulty but LG Display is expected to start producing the panels in the fourth quarter, sources said.The OLED panel Lucid plan

Samsung Electro-Mechanics has so far filed 14 patents that are seemingly related to solid-state batteries.According to Kpris, an open portal of all patents filed in South Korea run by the Korea Patent Office, the component maker had so far filed a total of 14 patents related to solid-state batteries

DB Hitek will for the first time supply its OLED display driver ICs aimed at smartphone panels to Samsung Display, TheElec has learned.DB Hitek will begin supplying the 40-nanometer (nm) DDIs to Samsung Display during the second half of 2023, for use in OLED panels in Samsung smartphones.The company

A Supreme Court ruling made on Thursday on the validity of patents related to silicon carbide (SiC) rings owned by Tokai Carbon Korea (TCK) is expected to disrupt the market in South Korea.The ruling maintained the verdict of the appeals court in October last year and validated a patent related to t

Samsung Display was considering collaborating with APS holdings for the development of a 3500ppi fine metal mask (FMM), TheElec has learned.The masks are used to manufacture OLED on silicon (OLEDoS) that can be used in virtual and augmented reality devices.APS Holdings had last year unveiled an OLED

LS Electric is planning to build an electric infrastructure technology center in August somewhere in Central US.The center is expected to house up to 40 staff handling service engineering, maintenance and repair as well as research, the company said.The building of the center will be followed up by

Samsung is expanding the use of automation in its sub-fabs that supply gases and chemicals to fabs, TheElec has learned.The South Korean tech giant is automating the drum logistics systems and installing more automatic clean quick couplers in its sub-fabs, sources said.This was being done to increas

Silicon wafer maker SK Siltron is expected to have posted 2.4 trillion won in revenue last year, TheElec has learned.This will be 20% higher than its 2021 figure and was despite the downturn in the global chip market.High demand for chips during the past five years has spurred SK Siltron’s growth.In

Samsung Electro-Mechanics was developing components for small solid-state batteries.Samsung Electro-Mechanics CEO Chang Duck-hyun told reporters after the company’s shareholders meeting on Tuesday that the company had the technology to make solid oxide at high temperatures thanks to its experience m

Samsung SDI has confirmed that it was developing lithium iron phosphate (LFP) battery after its shareholders’ meeting.LFP batteries are mostly made by Chinese companies but their popularity has spurned South Korean battery makers LG Energy Solution and SK On to develop them as well.LFP batteries hav

Samsung will be designing and manufacturing the logic chips that Hyundai Motor plans to use for advanced driver assistance (ADAS) and infotainment in its future vehicles, TheElec has learned.This is the first such deal between Samsung and Hyundai Motor, the two largest conglomerates in South Korea.S

Home appliance giant Dyson is planning to manufacture its own batteries, TheElec has learned.The UK company is planning to manufacture small pouch-type batteries in collaboration with South Korean equipment makers, sources said.Dyson is planning to build its factory in Singapore with an expected ann

Hana Micron is expected to see its sales to SK Hynix more than double this year as its production capacity ramps up from the operation of its new factory in Vietnam.The new factory started operations late last year and offers chip packaging and testing services for chipmakers.SK Hynix accounts for s

SemiFive has secured Doosan Group as an investor in its Series C funding round, TheElec has learned.The system chip design house had aimed to secure 60 billion won in funding during the round but expected secure a total of 70 billion won from investors including Doosan Group.LB Investment and SV Inv

SK Hynix was in talks with equipment maker YEST to procure high-pressure hydrogen annealing equipment, TheElec has learned.The pair were in the alpha test phase of their collaboration, sources said. If the equipment passes it will enter the beta test phase, the final stages before supply, they said.