Mecaro president Lee Jong-soo will be joining Jusung Engineering around the end of the month, TheElec has learned.Lee will become president of Jusung’s semiconductor business, replacing Roh Jae-sung.He was previously an executive at South Korean chip giant SK Hynix.Jusung chairman Hwang Chul-joo is

Near half of South Korean display equipment makers have recorded operating loss during the second quarter of the year.TheElec collected data of 30 related companies, with 13 of them reporting operating loss during the quarter.Meanwhile, nine of of the 30 companies that made a profit saw their earnin

Ram Tech said on Thursday that it is actively working to go through its plan to build a new factory at the city of Dangjin.The company will communicate with the local government, which recently rejected its factory plan, to take the project back on track.Ram Tech has succeeded in producing hydrogen

Printed circuit board maker Daeduck Electronics said on Wednesday that it has supplied its first flip chip ball grid array (FC-BGA) to its customer.The company’s new FC-BGA factory at Ansan went live, the firm said.FC-BGA is a wireless semiconductor package board. It is used in high-value products s

Semiconductor IP firm Chips&Media said on Wednesday that it has signed an IP contract with a US-based mobile semiconductor company.In 2019, the firm had signed a similar contract with one of the so-called FAANG companies __ Facebook, Amazon, Apple, Netflix and Google.Chips&Media said it is expecting

South Korean equipment makers posted mixed results in the second quarter.Fab equipment makers recorded strong earnings during the quarter, while display equipment makers posted poor performances.Multiple fab equipment makers recorded triple digit growths and marked record earnings in the second quar

LG InnoTek will procure printed circuit boards (PCB) from Terranix, an affiliate of Youngpoong Group, for its automotive LED brand Nexlide, TheElec has learned.The South Korean component maker is attempting to diversify its supply chain for automotive LED.Nexlide is used in over 60 car models worldw

Samsung Electro-Mechanics said on Thursday that it has developed two new multi layer ceramic capacitors (MLCC) for advanced driver assistance systems (ADAS).ADAS are used for autonomous driving. The kinds of ADAS include lane keeping assistant system, surround view monitor and smart cruise control.M

Optical inspection equipment makers are facing difficulty securing machine vision cameras due to a shortage caused by high demand, TheElec has learned.Lead time for the cameras has been usually around eight weeks but this has been extended up to 52 weeks, multiple people working at equipment compani

Key Foundry has developed a new semiconductor design toolkit that it says will shorten development time for chip firms.The firm had previously supplied process design kits (PDK) that support chip design tools provided by Synopsys, Candence and Siemens.The latest PDK Version E adds PDK setup environm

ON Semiconductor has changed its name to OnsemiThe company said it will focus on intelligent power and sensing technologies to achieve net-zero emissions by 2040.“We have spent the last several months focusing the strategy, and realigning our product portfolio and investments to deliver market-leadi

Semiconductor component firm MK Electronics said on Thursday that it will acquire Dongbu nTech, a subsidiary of Dongbu Corporation.MK Electron has agreed to buy 100% share of Dongbu nTech for 45.45 billion won on September 30.Dongbu nTech specializes in waste disposal, facility maintenance and manag

Samsung Electronics has ended its semiconductor distribution rights contract with Mujin Electronics as of the end of June, TheElec has learned.The South Korean tech giant will be handing over the rights to electronic component distributor SAMT instead. This process will be done in September.SAMT wil

More semiconductor companies are gearing up to start operations in their new silicon carbide (SiC) and gallium nitride (GaN) power management IC fabs in the second half of the year.STMicroelectronics began SiC wafer production at its fab in Sweden last month. The company acquired the fab when it bou

SKC Solmics, the semiconductor component and material subsidiary of SKC, has begun the operation of its new chemical mechanical polishing (CMP) pad factory at Cheonan, South Korea, the company said on Tuesday.SKC Solmics spent 47 billion won for the new factory that started construction last year.Th

PI Advanced Materials will list on KOSPI and its shares will starting trading August 9, the company said.The firm first listed on KOSDAQ in December, 2014.The Korea Exchange approved of the transfer, PI Advanced Materials said on Tuesday.A company spokesperson said it hopes to join the KOSPI 200 ind

The Committee on Foreign Investment in the United States (CFIUS) is planning to wrap up its review of Chinese private equity firm Wise Road Capital’s acquisition of South Korean chipmaker Magnachip by September 13.CFIUS has previously rejected acquisition and merger plans of Chinese companies such a

Surplus Global, a South Korean pre-owned fab equipment seller, said on Tuesday that it has moved its headquarters and exhibition zone to its new building at Yongin, Gyeonggi Province.The new exhibition zone at Yongin is three times larger than its previous one at Osan.The new zone also has a clean r

The lead time for fab equipment has increased to on average 14 months as of July, according to those in South Korea fab equipment makers and data of global fab equipment makers collected by TheElec.This extension of the leading time is being caused by chipmakers increasing their spending on their fa

Equipment maker SFA is looking to acquire Mujin Electronics’ wafer cleaning equipment business, TheElec has learned.SFA is attempting to widen its fab equipment portfolio from the back-end to the front-end.The acquisition will also allow the company to reduce reliance on its display and battery prod