Shares of Samsung’s lens module supplier Coasia Optics resumed trading on KOSDAQ on Monday.The firm’s shares stopped trading ten months ago after its executives were accused of violating local capital market laws.A review on whether it should be listed was conducted by authorities afterwards.Coasia

LG Energy Solution will build a new battery plant in Indonesia with the government-owned Indonesia Battery Corporation (IBC), according to a report by Reuters.The project is worth US$1.2 billion and will secure a capacity of 10GWh, the report said.Batteries made at the factory will be used for EVs f

Samsung on Monday launched a new smart monitor.The company added a new 43-inch UHD model, called M7, to its existing line-up, it said.Samsung launched the 32-inch UHD model called M7 in December. In the same month, the firm also launched the M5 model which comes in 32-inch and 27-inch sizes and supp

Mplus said on Monday that it will supply 5.8 billion won worth of prismatic battery assembly equipment to a European battery making company.The South Korean firm will supply notching and stacking kits under the deal.Mplus has so far focused on equipment for pouch battery production.This latest deal

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

Overlay equipment maker Auros Technology on Thursday said it has recorded 22.64 billion won in sales and 8.45 billion won in operating income in the first quarter.Sales jumped 427% from a year prior and operating income skyrocketed 907% over the same time period.Net income in the quarter was 6.47 bi

SK Innovation and Ford will form a battery joint venture, according to Reuters on Wednesday.The US car maker is a major customer of batteries for the South Korean energy firm.Batteries made at SK Innovation’s factory in Georgia, which is under construction, will be used in F-150 and other electric c

Samsung Display was using AI technology in its development of OLED panels, a company executive said.An AI program that design the molecular structure of the organic materials were being used, Samsung Display vice president Kim Yong-jo said at a seminar at SID Display Week.The program takes only 30 s

Qualcomm on Wednesday unveiled its latest mobile application processor, the Snapdragon 778.The AP is aimed at mid- to high-tier smartphones. It will power phones by Honor, Oppo, Realme, Xiaomi and Motorola launching in the second quarter.Snapdragon 778 was made with 6-nanometer FinFET process by TSM

SK Innovation will form a joint venture with EVE Energy and BTR in China.The newly formed company will work on electric car batter materials such as cathode.SK Innovation, EVE Energy and BTR will each put in 489 million yuan, 469 million yuan and 997 million yuan, respectively, for a 25%, 24% and 51

Haesung Optics, a secondary supplier to Samsung, will sell its camera module business.The company said it will continue the lens module business, however, though the operation will be now smaller.In the first quarter, Haesung recorded only 700 million won in sales in its camera module business.This

Biolog Device said it has acquired a 58.75% stake in OLED driver IC firm Hivics for 4.48 billion won.Hivics was founded in 2014 and is a fabless firm that designs system semiconductors. It recorded 8.7 billion won in sales last year.The firm also uses TSMC, UMC and MLMC to manufacture application sp

Display kit maker Youngwoo DSP recorded 40.9 billion won in sales and 6.3 billion won in operating income in the first quarter.It is an increase of 81% and 1220%, respectively, from a year prio.The company said it saw high demand for its display equipment, especially China.Earnings from display insp

Samsung Electronics on Tuesday unveiled new power management ICs that can be integrated with its DDR5 dual in-line memory module.The chips are integrated into the module rather than being placed on the mother board.This will increase compatibility and signal integrity and thereby provide more reliab

Samsung Display and LG Display is showing off their next-generation display panels at SID Display Week 2021, which will run from May 17 to 21.Samsung Display said it will showcase a panel called S Foldable, which folds twice, inward and outward.It will also show off a 17-inch foldable panel that can

Mcnex said on Monday that it has won an order from Hyundai Motor to supply camera modules for 30 car models that will launch from 2023 onward.The camera module maker will supply its goods for use in surround view monitoring and advanced driver assistance systems.Mcnex was registered as a tier-1 supp

Display inspection equipment maker Dong A Eltek recorded 2.3 billion won in operating loss in the first quarter.It recorded sales of 53.9 billion won, a jump of 145% from a year prior, however.The company said major sales came from inspection equipment for mobile and TV OLED panels.Dong A Eltek was

LG Chem said it was investing 40 billion won in to Chinese copper foil firm Jiujiang DeFu Technology for equity.Copper foils are used to make battery anodes. The thinner they are, the more active materials can be packed in, which increases the battery capacity.DeFu is China’s third largest copper fo

Electronic component firm SoluM said on Friday that it has recorded its best first quarter performance to date.It said it recorded 234.2 billion won in sales and 12.3 billion won in operating income in the first quarter.Sales and operating income jumped 29.1% and 19.6%, respectively, from a year pri

South Korean equipment maker SFA has increased its orders from areas besides its main display business.SFA said its display business accounted only for 34.9% of its remaining orders as of the first quarter.Orders for battery production equipment accounted for 28.6%. In total, orders related to non-d