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

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

LB Lusem said on Monday that it has finalized its share price to 14,000 won for its upcoming IPO on KOSDAQ.The first last week commenced a demand forecast for 4.5 million shares for institutional investors.A total of 1,596 investors partook in the forecast, Korea Invest & Securities, which is underw

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

DB HiTek vice chairman and CEO Choi Chang-sik saw his salary last year triple from a year prior due to high bonus payments from strong performances of the company.Choi received a total of 3.418 billion won in remuneration last year, the company said. He received 782 billion won in salary and 2.636 b

Samsung Display may extend its production of liquid crystal display (LCD) panels up to the end of 2022, TheElec has learned.Samsung Display CEO Choi Joo-sun said the company was reviewing extending the production of large-sized LCD panels to the end of 2022, in an email sent to employees of its larg

Vacuum robot firm Raontec said on Wednesday that it expects to supply its products to overseas customers starting in the second half of this year or next year.Product demos to overseas customers were yielding results, Raontech CEO Kim Won-geyung said, at the company’s press conference for its listin

Chip packaging firm LB Lusem will expand its power chip operation to reduce reliance on display driver IC, the company CEO said on Monday.Power chip accounted for 0.7% of its sales in 2019 but the company will expand this to 10% by 2023, LB Lusem CEO Hyunchang Shin said at a press conference ahead o

SK Innovation and Ford has official confirmed their planned joint venture on Thursday.The pair will form BlueOvalSK, which will aim to manufacture 60GWh of battery cell and module for electric cars per year staring in the mid-2020s, SK Innovation said.The amount is enough to power 600,000 electric p

Magnachip said on Thursday that it will be spending 500 billion won in research and development as well as building facilities in South Korea for the next five years.The chip maker claimed the spending will produce 2 trillion won worth of economic effect locally.Out of the total, Magnachip will spen

OLED emission material companies recorded high first quarter earnings that beat market expectations.Apple’s iPhone 12 sales, Samsung’s earlier than usual launch of Galaxy S21 smartphones, expanded application of OLED panels in notebooks and mid-tier phones, and Chinese panel makers expanding their O

Samsung Electronics is facing production problems for its Galaxy A series of smartphones due to the current global chip shortage, TheElec has learned.A person familiar with the matter said there has been no official sales date set for most regions in the world for Galaxy A52, A52 5G and A72, which w

LB Lusem will add 10 million units per month in its display driver IC (DDI) backend processing capacity, the company CEO Hyunchang Shin said on Monday.The company currently has a capacity of 80 million units per month, which was running at full capacity due to high demand, Shin said.The firm plans t

SK IE Technology on Tuesday listed on Seoul stock market.At the listing ceremony, company CEO Roh Jae-sok said SK IE Technology will work to secure differentiated technology in battery separators to contribute to the growing electric car industry.The separator currently has a capacity of 1.03 billio

Samsung Electronics is aiming to ship a million units of its recently unveiled Galaxy Book Pro series of notebooks this year, TheElec has learned.The company unveiled the Galaxy Book Pro 360 and Galaxy Book Pro last month. Each model comes in 15.6-inch and 13.3-inch variants.Samsung applied OLED pan

Worldwide sales of semiconductors reached US$123.1 billion in the first quarter of 2021, according to Semiconductor Industry Association (SIA) of the US.This was an increase of 17.8% from the first quarter of 2020 and an increase of 3.6% over the previous quarter, SIA said.The figure also beats SIA’

EcoPro BM said on Tuesday that it was in talks with a European company to build a cathode factory in the continent for a potential supply deal.The Korean battery material firm is aiming to have the factory begin operating between 2024 and 2025.It has received cathode supply request from multiple Eur

SK Nexilis will be supplying its copper foil to US electric car firm Tesla.SK Nexilis CEO Kim Young-tae said on Friday at the conference call for the company’s first quarter earnings that the firm will be supplying battery copper foil to a US-based company “T”.Kim didn’t directly mention the name of

SK IE Technology is planing to build its battery separator factory after 2024, the company CEO said on Wednesday.Company CEO Roh Jae-sok has also vowed to maintain its leadership in “premium” separators, during its press conference for its upcoming IPO in May.SK IE Technology is considering both fro

ASML said on Wednesday that it has recorded 4.36 billion euros in net sales and 1.33 billion in net income in the first quarter of 2021.This is a rise of 83.3% and 225%, respectively, from a year ago.The Netherlands-based company sold seven units of extreme ultraviolet (EUV) system in the first quar