Chip and display furnace firm YEST has acquired a majority stake in optical lens company JTWay.YEST said on Thursday that it has acquired an 80.8% stake in JTWay for 4.9 billion won.The lens firm recorded 2.3 billion won in sales and 900 million won in net loss last year.JTWay was the first South Ko

Sales of middle to large sized OLED panels in the first quarter of 2021 surged 156% from a year prior, according to market research firm UBI Research.The firm calculated the sales of OLED panels sized 10-inch or larger used in TVs, monitors, notebooks and tablets.Sales for these panels reached US$1.

The Korea Automobile Manufacturers Association (KAMA) has called for the South Korean government to expand tax incentives for hybrid cars.On Thursday, KAMA claimed hybrid cars had the same carbon emission rate as existing electric cars, but was more efficient when it comes to cost.This means hybrid

Smartphone camera module maker Biolog Device will acquire and invest in the display and semiconductor industries to become a large tech conglomerate, Company CEO Hwang Hoon said on Thursday.It will use its business network and all its resources to integrate new technologies and companies, the CEO sa

Samsung Electronics has launched a new SSD to with Zoned Namespace (ZNS) technology applied.PM1731a is built with Samsung’s Gen 6 V-NAND and comes in 4TB and 2TB storage options.It will come in 2.5-inch form, with mass production beginning in the second half of the year, the company said.It is Samsu

Hanmi Semiconductor on Wednesday said it has succeeded in the development of dual-chuck saw used in semiconductor packaging.The saw is called Micro Saw by the company and will be offered with 18-months free warranty, Hanmi said.Japanese companies dominate the semiconductor packaging saw sector with

Chinese smartphone makers are increasing their use of OLED panels despite the COVID-19 pandemic and US sanctions, market research firm UBI Research said on Tuesday.A total of 57 smartphones that use OLED was launched in China in the first quarter of 2021, the firm said.This was double the 27 models

Nextchip said on Tuesday that it has received the ISO26262 Functional Safety Management (FSM) certificate from production certification firm Exida.Nextchip said it can now develop semiconductors that meet Automotive Safety Integrity Level (ASIL) requirements.The firm said it has been preparing for F

Solus Advanced Materials will form a join venture with Toyota Tsusho in the US that will manufacture and sell elecfoils used in lithium-ion batteries.The pair will aim to secure a production capacity of 30,000 metric tonnes per year by 2024, Solus said.The South Korean firm said it will collaborate

Intel on Monday unveiled its new Gen 11 Intel Core mobile U-series mobile processors as well its first 5G modem for PC at Computex.The new processors, i7-1195G7 and i5-1155G7, are for “thin-and-light” notebooks and offers 5GHz speed.Intel claimed they offer up to 25% higher application performance c

Posco said on Friday that its joint venture for battery recycling with Huayou Cobalt will build a new facility in South Korea.The joint venture, called Posco HY Clean Metal, will spend 120 billion won at Gwangyang, South Korea, to build a battery recycling plant with a capacity of 10,000 metric tonn

Chemtronics has pulled out of its plan to buy Samsung Electro-Mechanics’ Wi-Fi module business.Chemtronics’ subsidiary Witz was originally announced to be acquiring Samsung’s Wi-Fi module business for 105.5 billion won back in January.Chemtronics said it was canceling the deal due to the potential f

Semiconductor wafer producer SK Siltron has received the Gold Zero Waste to Landfill Validation (ZWTL) certification from Underwriters Laboratories.Gold is given to companies with recycling rate between 95 to 99%.SK Siltron received the certification based on its 2020 data from its third factory at

Camera module maker Haesung Optics will collaborate with medical device firm J& to develop 3D software for healthcare, the pair said on Thursday.The pair will co-develop and the software and sell them, they said.The deal is worth a billion won. Haesung Optics said is aims to expand into the global m

Germany embedded and edge computing firm Congatec will form a South Korean subsidiary, the company said on Wednesday.South Korea country manager Yoonsun Kim said the company will provide strong design support for local customers.It will also optimize supply chain customers need for their product pro

Samsung on Thursday introduced a new mid-power LED package that the company claims has “unsurpassed” light efficacy and color quality.LM301B EVO comes in Samsung’s own flip-chip design and has a luminance efficacy of 235 lumens per watt.The company applied a new reflective material inside the packag

SKC said on Wednesday that it will secure annual copper foil production capacity of over 200,000 metric tonnes by 2025, to meet rising demand from electric car batteries.The company said it has finalized a plan to expand it to 202,000 metric tonnes, but this could be expanded to 250,000 metric tonne

Posco on Wednesday began the construction of a new lithium hydroxide plant with a production capacity of 43,000 metric tonnes per year.The company will spend 760 billion won to build the factory at its Gwangyang plant.Posco is aiming to complete the factory by 2023. It will be procuring the lithium

EcoPro BM will spend 134 billion won to expand one of its cathode factories dedicated to SK Innovation.EcoPro BM said Wednesday that it will be expanding its CAM5-N factory by January 2023.The expansion will have the factory secure an annual production capacity of 28,800 metric tonnes. The factory w

LG Energy Solution said on Tuesday that it will recall some of its energy storage system (ESS) batteries.The South Korean battery maker will voluntarily recall batteries made at its ESS dedicated production line between April 2017 to September 2018. The recall will cost the company around 400 billio