LG Electronics’ joint venture with Magna International has inaugurated on Thursday.The pair’s respective boards approved the split off and named the CEO and executives of LG Magna e-Powertrain.The first CEO will be Jung Won-seok, who previous was the head of of green business of LG Electronics’ vehi

LG Chem is aiming to expand its supply of blue OLED emission layer to LG Display this year, TheElec has learned.LG Chem is hoping to supply the blue host for the WBE material set used by LG Display for their large-sized OLED panels.An OLED material set is comprised of an emission layer __ which admi

Hyundai Motor and Kia are considering applying high efficiency carbon nanotube (CNT) heater on their next-generation electric vehicles, TheElec has learned.The companies recently held discussions to apply CNT heaters instead positive temperature coefficient (PTC) ones on some of their premium electr

Haesung DS is expected to beat market expectations in its second quarter operating income, TheElec has learned.The automobile chip board company is expected to record late-10 billion won in operating income in the quarter, people familiar with the matter said.This will be around 20% higher than the

Samsung Electro-Mechanics said on Tuesday that it has developed a new 1005 (1.0mm x 0.5mm) multi layer ceramic capacitor (MLCC).The capacitor has 20% increased power capacity, from 22uF to 27uF, compared to their predecessor, the company said.1005 MLCC, along with 0603 MLCC, are mostly used in smart

Panasonic has sold all its stakes in Tesla back in March, according to Nikkei.Nikkei said Panasonic likely secured 400 billion yen from the sales.The Japanese firm was the first supplier of cylinder batteries for electric vehicles to Tesla.The company will continue supplying its batteries to the US

Bare board testing firm Bioptro is seeing high demand from semiconductor boards, TheElec has learned.It is has already received enough orders for bare board testers to continue manufacturing them up to the end of 2021.This is thanks to high demand for semiconductor boards, which has also increased d

Kolon Industries said on Thursday that it will spend 236.9 billion won to expand its production capacity of aramid fiber, a material used in car tires.Once the expansion is completed in 2023, its production capacity will increase to 15,000 metric tonnes from the current 7,500 metric tonnes, the comp

South Korean LED firm Wooree E&L has secured half the supply of LED module used by customer LG Display, TheElec has learned.People familiar with the matter said Wooree’s LED modules currently accounts for around 50% of those used by the South Korean display panel maker.LED modules are used as the ba

Korea Circuit is expected to wrap up the expansion of its flip chip ball grid array (FC-BGA) factory next month, TheElec has learned.FC-BGA is a board used for server and PC chips that offers less electric signal loss and more I/O compared to previous wire packaging.Korea Circuit is planning to manu

South Korea’s printed circuit board (PCB) market is expected to grow 3.4% this year, led by semiconductor boards, according to the Korea Printed Circuit Association (KPCA).The local PCB market is expected to be worth 10.86 trillion won in 2021, the KPCA said.Base in area, the market is expected to c

Hyundai Wia said on Tuesday that it has formed a new research unit for urban air mobility (UAM).The company, an affiliate of Hyundai Motor, said was preparing to develop landing device and controller for use in UAM.UAM aims to offer air taxis that have low noise, use environmentally friendly propell

LG InnoTek is entering the flip chip (FC)-ball grid array (BGA) market, TheElec has learned.The South Korean component maker is expected to make its investment plan into the high-value semiconductor substrate market public in the third quarter.LG InnoTek has already manufactured and supplied samples

Bosch on Monday opened its new 300mm wafer factory in Dresden, after spending 3 years in its construction.The factory will begin manufacturing chips in September.It is the German automotive chip giant’s first 30mm wafer fab. It was built in 72,000 meter-square of space and manufacture chips using th

Apple is likely to procure optical image stabilization (OIS) actuators from South Korea’s Jahwa Electronics, a component supplier to Samsung, for new iPhones launching in 2022, TheElec has learned.Cupertino recently wrapped up the review of Jahwa’s OIS factory, people familiar with the matter said.T

SK Nexilis has completed the construction of its fifth copper foil factory at Jeongeup on Wednesday.The new factory secures a total annual production capacity of 43,000 metric tonnes for the company.The fifth factory was finished a month ahead of schedule. The company had a capacity of 34,000 metric

Flexible printed circuit board (FPCB) maker BH said on Wednesday that it will be spending 50 billion won to build new facilities to meet demand from lithium-ion batteries used in electric cars.The South Korean firm will expand its third factory, which manufactures FPCB for automobiles, in Vietnam un

LG InnoTek has sold its 1,968 patents related to LED technology registered in the US to a Chinese company called Suzhou LEKIN Semiconductor on May 20, according to filings made to the United States Patent and Trademark Office (USPTO).Suzhou, China-based LEKIN Semiconductor was founded in on March 2

South Korean component suppliers to Samsung’s smartphone business recorded lackluster performances in the first quarter 2021.Sales from the recently launched Galaxy S21 series has already been reflected on their fourth quarter earnings due the models' earlier than usual launch.Smartphone companies s

LG InnoTek has sold another 78 patents related to wireless charging patents to Ireland-based non-practicing entity Scramoge Technology.The South Korean component maker transferred the ownership of the Korean patents to the NPE on May 17.In February, LG had sold 128 US patents related to wireless cha