Oceanbridge said on Monday that it will be supplying 30.2 billion worth of central chemical supply systems to SK Hynix and SK Ecoplant for use in wafer fabrication.The deal is equivalent to 33% of its annual sales of 91.6 billion won last year.It is also worth 76.2% of its total fab equipment orders

Partron was supplying the camera modules for the around view monitor on the digital side mirror of Hyundai Motor’s GV60 which launched earlier this month.A Partron spokesperson said the company also plans to collaborate with Hyundai Mobis, the component arm of Hyundai Motor, to supply the infrared c

Cowin Tech said on Thursday that it will spend 8.3 billion won to expand its first factory at Asan.The company said the expansion will triple its production capacity for smart automation system equipment.Cowin Tech is expanding the facility to meet new orders.A company spokesperson said it is aiming

Battery prices going down will be the precondition for electric vehicle sales to expand, according to a CEO of an analyst firm.SNE Research CEO Kim Kwangju, speaking at the firm’s event called KABC 2021 in Seoul, South Korea, stressed that automobile brands such as Volkswagen, Stellantis and Tesla h

Autonomous driving startup 42dot has received 81 billion won in its latest funding round.Shinhan Bank, Lotte Rental and Stic Ventures each put in 30 billion won, 25 billion won and 13 billion won, respectively, while the remaining funds were given by previous investors, people familiar with the matt

Hanwha Solutions was currently developing a Type 5 hydrogen tank for use in urban air mobility (UAM) vehicles, TheElec has learned.The company had secured the technology through US tank firm Cimarron, which it acquired late last year.Hanwha acquired the necessary technology to develop a Type 5 hydro

LG Electronics said on Wednesday that it has supplied the advanced driving assistance system (ADAS) camera module on the 2021 Mercedes-Benz C-Class.The South Korean electronic maker said its ADAS offers automatic emergency braking, lane departure warning, lane keeping assist, traffic sign recognitio

Samsung on Thursday introduced its open-source software solution that will help developers develop Compute Express Link (CXL) memory.The interface was proposed by companies to design more efficient data centers.Samsung unveiled its first CXL DRAM in May.The recent solution, a scalable memory develop

SFA was in final negotiations with e-commerce giant Coupang to supply logistics automation equipment, TheElec has learned.The kits will be used at Anseong 8 Center at Gyeonggi Province. Coupang will likely place the order this month.The deal is likely worth tens of billions of won as SFA is holding

BASF and CATL said they will collaborate to build a sustainable battery distribution chain.The pair will collaborate in cathode active material and battery recycling areas.They will work to reduce the carbon footprint of their operations through BASF’s advanced manufacturing process, stable raw mate

SK Innovation said on Thursday that it held an extraordinary shareholders’ meeting that approved the split of its battery and petrochemical businesses.The new companies are tentatively called SK Battery and SK E&P and will inaugurate on October 1.The motion received 80.2% approval from shareholders,

Hanwha Systems and Truwin will form a joint venture that will start supplying high sensitivity micro electro mechanical systems (MEMS) to Hyundai Motor in 2023.Hanwha Systems said on Wednesday that the joint venture will develop infrared sensors and other automotive sensors.The newly formed company

Volvo said on Tuesday that it expects to meet its target of selling 15,000 units of vehicle in South Korea this year.The company is also aiming to sell 25,000 vehicles annually in the country within the next five years.Volvo launched its new SUV XC60 in the country on Tuesday.The company said it has

Xavis has been chosen by the Ministry of Trade, Industry and Energy to lead a national project to develop an AI-based x-ray inspection kit for batteries.The company will develop a 15ppm system under the project.Xavis will spend 2.018 billion won for the project __ 1.38 billion won will be provided b

Hanwha Systems and Truwin will form a joint venture that develops and manufactures infrared thermal camera sensors.The pair will make the formal announcement this week, TheElec has learned. Hanwha Systems will own the larger stake in the newly formed company.Hanwha System is attempting to expand its

Intel on Thursday unveiled the Xeon E-2300 server processor aimed at small and medium businesses.The processor uses Intel’s C250 series chipset and has 17% increased performance compared to its predecessor, the company said.Memory speed has also increased 23% from the previous generation. The chip a

Hyundai Motor Company will use power management ICs made by Germany’s Infineon Technologies for all of its Nexo model launching in 2023, TheElec has learned.Its affiliate Hyundai Mobis is attempting to manufacture its own power chips, but Hyundai Motor isn’t planning to use them yet as it believes t

South Korean fabless companies are facing difficulty hiring design engineers.Most engineers with a Master’s degree or higher are going to large conglomerates, TheElec has learned.Those with over 10 years of experience are mostly absorbed by Samsung Electronics, people familiar with the matter said.S

Hana Technology will supply battery production kits to Norway’s Freyr.The South Korean company will supply assembly and formation kits used in the production of semi solid-state batteries in turn-key.Semi solid-state batteries are more stable than conventional lithium-ion batteries and cheaper to ma

Abov Semiconductor has signed a deal to supply microcontroller unit (MCU) for smoke detection with a subsidiary of US firm Carrier.The company will also sign a contract with Beijing Cycle Columbus Environmental Science and Technology to supply the MCUs within the month, people familiar with the matt