South Korean battery maker SK On will go public no later than 2028, an up to a two-year delay from the initial date that was proposed.Kim Jun, the vice chairman of SK On’s parent company SK Innovation, said on Thursday during SK Innovation's annual shareholders' meeting that the possible adjustment

Chip fabless firm Fadu made repeated apologies during its annual shareholder’s meeting amid lackluster earnings and the drop in share prices.The company’s share prices opened at 31,000 won per share when it went public last year but as of Thursday, its shares were trading at 16,280 won per share, a

LG Electronics CEO William Cho said on Tuesday that the company was open to equity investment and joint ventures with over-the-top content companies.In the TV market today, FAST, or free ad-supported streaming TV, platforms were gaining attention, the CEO stressed during the electronics maker’s annu

South Korean memory chip company SK Hynix expects customer demand for customized high bandwidth memory (HBM) to become stronger going forward.Demand from customers for optimization of these memory chips, which are paired with AI processors, will lead them to become less of a commodity like other mem

Chip giants TSMC and Intel are expected to complete their 2-nanometer (nm) or under fabs within the year, industry association SEMI said.The Taiwanese chip giant is expected to secure a capacity of 67,500 8-inch wafers per month, while its US counterpart is expected to secure 202,500.Intel is expect

Battery inspection equipment maker Nsys gained Norway’s Morrow Batteries as a new customer last year, filings from the company showed on Tuesday.Nsys said it recorded 51.2 billion won in revenue last year, a jump of 22% from 2022.This was thanks to the expanded capacity in North America of the compa

Battery production equipment maker PNT said on Tuesday that it aims to record over 1 trillion won in revenue this yearThis is double its annual revenue last year of 545.4 billion won. PNT CEO JoonSup Kim said during its annual shareholders’ meeting that the company is also looking to find new busine

EcoPro said it has secured a 9% stake for US$11 million in a nickel refinery run by China’s GEM in Indonesia.Green Eco Nickel is in Sulawesi Island and produces 20,000 metric tonnes of nickel per year.EcoPro said it will secure nickel from the refinery equivalent to its stake.The South Korean chemic

Display equipment maker Sunic System expects to win orders from BOE for Gen 8 OLED deposition equipment this year, its CEO said on Monday.Sunic System CEO Park Jae-gyu said during the company’s annual shareholders’ meeting that it expects a positive result in its competition to supply deposition equ

LG Energy Solution expects the slowdown in the electric vehicle battery market that started last year to continue up to the first half of the year.In response, the South Korean battery maker will adjust its investment timeline in North America, company CFO Lee Chang Sil said during the company’s sha

Seojin System is supplying metal molds for car body die-casting to a global auto giant, the company’s CEO told TheElec. This customer, which ranks within the top five in terms of revenue among automakers, will use it for its electric vehicles.Seojin System is also building a large die-casting factor

US chip giant Micron said on Wednesday that its high bandwidth memory (HBM) production capacity this year has already been sold out.Enough orders have also been placed for its capacity next year to be almost filled, the company said during its conference call for its December-February quarter, its f

Samsung is aiming to become the world’s largest semiconductor company within two to three years, the company co-CEO said on Wednesday.Samsung co-CEO Kyung Kye-hyun, who heads the company’s Device Solution (DS) division, its chip division, said during Samsung’s annual shareholders’ meeting the compan

Samsung SDI is planning to expand its electric vehicle battery production capacity in North America through the forming of new joint ventures and building more factories, the company CEO said on Wednesday.This was because the EV market is expected to continue to grow, Samsung SDI CEO Yoonho Choi sai

Samsung is expected to launch its new foldable series faster than last year.The South Korean tech giant is planning to start production of components that will be used in Galaxy Z Fold 6 and Galaxy Z Flip 6 in early May, sources said.This is two to three weeks earlier than when it did so for the Gal

South Korea’s Raontech said on Monday that its liquid crystal on silicon (LCoS) display will be used on Avegant’s upcoming smart glass launching this year.Avegant is an augmented reality optics firm and is developing an AI smart glass with Qualcomm and Applied Materials.Raontec has shown off its low

South Korea’s export of computer chips increased four months in a row as of February.For February, semiconductor exports surged 62.9% from a year earlier to US$9.96 billion, data from the Ministry of Science and ICT, South Korea’s tech ministry, showed.Memory chips accounted for US$6.08 billion, a j

TEMC and Matheson Gas Products Korea are in the middle of a legal dispute over alleged trade secret theft that could have huge consequences for their respective bottom lines.Late last year, South Korean prosecutors indicted executives of TEMC over allegedly leaking trade secrets held by Metheson.The

Whether demand for TVs recovers this year in Europe will determine the outlook of the global TV panel market this year, a senior analyst at Omdia said on Wednesday.Inflation and the war in Ukraine have dented demand for TVs in Europe, Omdia senior principal analyst JinHan Ricky Park said Korea Displ

Samsung SDI’s major battery production equipment supplier Hana Technology has won France’s Verkor as a new customer, TheElec has learned.It is the second French company that the South Korean equipment maker has won, after Automotive Cell Company.Verkor is a battery joint venture between carmaker Ste