LG Energy Solution said on Tuesday that it has restarted procedures for an IPO after settling the cost of the recall of Chevrolet Bolt EV with General Motors.The South Korean battery maker had started the procedure back in June but halted it from the US carmaker announcing an additional recall of th

Samsung Electronics said on Friday that it posted 73 trillion won in sales and 15.8 trillion won in operating profit.It is an increase of 9.02% and 27.94%, respectively, from a year ago.The sales figure is its highest to date for a quarter; operating profit is its highest in three years.Samsung’s se

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

Samsung Electronics said on Tuesday that it has begun production 14-nanometer (nm) DRAM, which it is applying extreme ultraviolet (EUV) lithography during their production.EUV lithography is being widely adopted by semiconductor companies as it can draw finer circuit designs on the wafer compared to

South Korean component makers are aiming to spend on flip-chip ball grid array (FC-BGA) to foster the business as their new growth engine.The sums they will spend and timing are behind to their semiconductor board making rivals in Japan and Taiwan but will be enough to narrow the gap in terms of tec

A LG InnoTek researcher has confirmed that the company is planning to manufacture flip chip ball grid array (FC-BGA).LG InnoTek research fellow Nam Sang-hyuck, speaking at a symposium held at the KPCA industry show for printed circuit boards at Incheon, said that the company has “now started FC-BGA,

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

South Korean blank mask maker S&S Tech has succeeded in developing a pellicle used in the extreme ultraviolet (EUV) process during wafer fabrication with 90% light transmittance, TheElec has learned.The company is the first in South Korea to develop a full-sized EUV pellicle.ASML, the sole manufactu

LG Display has begun the development of 12.9-inch OLED iPad, TheElec has learned.As Samsung Display recently scrapped the development of a 10.86-inch OLED iPad it was proceeding with Apple, LG Display will likely be able to enter the IT OLED market at a level playing field with its South Korean comp

The CEO of South Korean fab equipment maker Semes, a subsidiary of Samsung Electronics, is visiting the US to secure talented engineers, TheElec has learned.Semes CEO Kang Chang-jin is seeking to hire senior engineers that are experts in semiconductor etching equipment, sources said.Semes is South K

Samsung Electro-Mechanics will build a production line for flip chip (FC)-ball grid array (BGA) to supply to a US chip firm, TheElec has learned.The total spending on the line will be 1.1 trillion won with the US chip company also jointly investing in it. The pair agreed on the deal last month.FC-BG

Electrochemical gas sensor company Senko is expected to see new sales from the semiconductor sector during the fourth quarter.The company is expected to supply its sensors to two fabs run by SK Hynix, one at Cheongju and another a Icheon, which will help it secure sales of 2.5 billion won to 3 billi

South Korean smartphone lens companies are struggling to survive in the market as Taiwanese and Chinese rivals have taken over half the supply of lenses to Samsung Electronics.There are rising calls in the local industry for Samsung to take care of the lens supply chain in its own country to avoid a

CU-Tech said on Friday that it plans to secure five production lines for printed circuit assembly (PCA) for use by Samsung Display in quantum dot (QD)-OLED display panels.CU-Tech said Samsung Display has sent QD-OLED samples to Samsung Electronics and Sony. The company expects the display panel make

LG Electronics said on Thursday that it has acquired Israel-based cybersecurity startup Cybellum.The South Korean tech giant acquired 63.9% of the shares in the startup and plans to buy additional shares within 2021.It also signed an agreement to acquire future equity for US$20 million, in which LG

WCP is planning for an IPO next year. But its parent company W-Scope’s patent lawsuit with Japan’s Asahi Kasei will likely dictate how successful going public will be.The Japanese company filed the lawsuit against W-Scope last year in January in South Korea.Asahi Kasei is hoping to stop W-Scope from

Fab equipment maker Auros Technology has signed a contract with Samsung Electronics to supply 2.2 billion won worth of equipment.It will be providing its overlay equipment to the South Korean tech giant, people familiar with the matter said.Overlay kits are used to check whether the circuits are pre

Samsung Display said on Thursday that it has begun supplying Taiwanese notebook maker Asus with 90Hz refresh rate OLED panels for use in notebooks.It is the company’s first 90Hz OLED panels.The panels will be used in Asus’ 14-inch notebooks Zenbook and Vivobook Pro series.Samsung Display said it wil

Samsung SDI is reviewing potential ways to secure funding to invest in its battery business.It is reviewing the possibility of splitting off the battery business, called Energy Solution business by the firm.The plan was discussed in a recent meeting between key executives, sources within the company

The invalidation of patents related to silicon carbide (SiC) ring owned by TCK is expected to open the door for followers to enter the lucrative market for the semiconductor production material.However, legal risks remain for them, while large customers have strict customizing standards for SiC ring