Isu Petasys CEO Seo Young-joon said on Thursday that the company’s subsidiary in Hunan province in China has turned a profit in the second quarter.It is the unit’s first profit since 2013, when Isu Petasys acquired the factory from Taiwan’s TTL.Seo said the network printed circuit board (PCB) compan

Cirrus Logic’s deal to buy Lion Semiconductor for US$335 million is talk of the town in South Korea’s semiconductor industry.Last week, Cirrus Logic announced that it was acquiring the California-based startup that specializes in power management ICs for wired and wireless charging as well as DC-DC

LG InnoTek has completed selling its 114 patents in South Korea related to LED technologies to Chinese company Suzhou LEKIN Semiconductor, TheElec has learned.The transaction was completed on July 2, according South Korea patent portal Kipris run by the Korean Intellectual Property Office.LG InnoTek

General Motors on Friday said it has formed a strategic investment into Controlled Thermal Resources (CTR) to secure local and low-cost lithium.The lithium will be sourced from CTR’s Hell's Kitchen Lithium and Power development in the Salton Sea Geothermal Field, located in Imperial, California.CTR

South Korea board maker BH will be supplying over half of the rigid flexible printed circuit boards (RFPCB) used in Apple’s new iPhones launching later this year, TheElec has learned.BH will be supplying mid-50% of the board used, while Samsung Electro-Mechanics will supply 30%. Youngpoong Electroni

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

SK Innovation said on Thursday that it was planning to split off its battery business and commence an IPO.Company president and head of batter business Ji Dong-seop said at an media event in Seoul that the company was planning to commence this process quickly to not miss the opportunity to receive i

Samsung SDI has decided to build a new lithium-ion battery factory for electric vehicles in the US, TheElec has learned.The company is aiming to start construction of the factory in 2023, with production beginning in 2025, people with direct knowledge of the matter said.The plan’s specifics will be

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

Hanwha Corporation’s machine business unit was manufacturing battery electrode equipment at its Asan plant to supply to Samsung SDI, TheElec has learned.The equipment will be delivered to Samsung SDI’s battery factory at Geod, Hungary, within the year. The deal is wroth tens of billions of wons, peo

German car brand Audi said on Tuesday that it will end the production of internal combustion engine cars by 2033.The brand, a unit of Volkswagen, said it will also only launch new electric car models starting in 2026, Audi CEO Markus Duesmann said following a climate conference in Germany.Audi’s dec

Intel was in talks to build a chip factory in Germany, according to Reuters.Germany’s southern state of Bavaria was in talks with the US chip giant for the factory, the local Economy Minister Hubert Aiwanger said.Bavaria has suggested a disused air base in Penzing-Landsberg, west of Munich as a poss

For South Korea to localize the production of fine metal mask (FMM) used in the production of organic light emitting diode (OLED), companies developing ways to manufacture FMM need to secure technologies to make the masks thinner and the rolling process used during their production, according to UBI

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

Hanwha Systems will set up a subsidiary in California for its urban air mobility (UAM) business, CEO Kim Youn-chul said on Thursday.The company was planning to hold talks with US Federal Aviation Administration on setting a certification standard for UAM, Kim said at an industry event in Seoul.Hanwh

Surplus Global, a South Korean pre-owned fab equipment seller, said on Wednesday that it was seeing explosive demand for equipment from the chip industry in light the global chip shortage.CEO Brian Kim told TheElec that Surplus Global’s growth this year is expected to exceed that of the average grow

Samsung SDI may build a battery factory in the US.Company CEO Jun Young-hyun, responding to questions from the media on whether Samsung SDI intended to enter the US market at battery industry event InterBattery 2021 in Seoul, said the company “was reviewing the matter.”Samsung SDI has been looking i

Tesla has canceled the production of its longest-range Model S Plaid Plus, CEO Elon Musk said in a tweet on Sunday.Musk said in his tweets that Plaid Plus was canceled as there was no need for the model as “Plaid is just so good.”Model S Plaid Plus was planned as a higher tier model to Model S Plaid

Semiconductor packaging firm Hana Micron was in talks to buy semiconductor testing company APACT.Hana was seeking to acquire APACT to win a large, long-term order to handle semiconductor backend process work from South Korean memory giant SK Hynix, people familiar with the matter told TheElec.Those

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