Semiconductor package boding wire company MK Electron is expanding its supply of solder paste, tape and film, TheElec has confirmed.The company is seeing “meaningful” sales from solder paste and electro magnetic interference (EMI) shielding disposable films, a MK Electron official said.The materials

Kolon Industries said on Friday that it posted operating income of 28.7 billion won and sales of 957.5 billion won.It is steep drop of 44.4% in operating income and a 10.3% decline in sales compared to a year ago.Kolon said it expects demand from the automobile industry to recover. It also said it w

KT said Friday that it posted operating income of 292.4 billion won and sales of 6 trillion won in the third quarter, a decline of 6.4% and 3.4%, respectively, from a year ago.The telco said it saw labor costs rise in the quarter due to negotiations over salary.It is the only carrier out of the thre

Japan’s Murata Manufacturing expects sales from multi layer ceramic capacitors (MLCC) to decline in the second half of the 2020 fiscal year.The world’s largest MLCC maker said sales will decline 3% compared to the first half of the 2020 fiscal year, or between April to September, in the period from

LG Display will expand the production rate of its organic light emitting diode (OLED) panel factory lines dedicated to Apple, TheElec has learned.The company will expand its E6-1 and E6-2 factory lines at Paju, South Korea. LG Display is planning to put in low-temperature polycrystalline oxide (LPTO

Battery equipment maker Hana Technology is aiming for sales of over 100 billion won, it said at its IPO press conference on Friday.The company said it posted 55.1 billion won in sales in the first half of 2020. It had 29.7 billion won in remaining orders as of August and is very likely to meet its t

Posco Chemical said on Friday that it has decided to raise 1 trillion through the sell of shares. The board approved the motion on the same day.The shares will be allocated on December 9 and listed on February 3, 2021.Parent company Posco, which owns 61.3% of shares of Posco Chemical, and other exis

Nepes Ark has finalized its share offering price for its upcoming IPO at 26,500 won.A total of 1,013 institutional investors took part in its demand forecast from November 2 to 3.Nepes Ark is aiming to secure 62 billion won from being listed.The company specializes in testing system semiconductors.I

China’s SmartSens has secured US$225 million in investment in its latest funding round, the company said on Friday.The firm will focus on developing chip architecture for CMOS image sensors (CIS) with the latest funds.State-owned China Integrated Circuit Investment Fund, Xiaomi Changing Industrial F

Seoul Viosys will supply its ultraviolet (UV) LED technology to US pharmaceutical firm Cerus, the South Korean company said.The company’s Violeds will be used in Cerus’ Intercept Blood System.Cerus is the only company to receive both Europe’s CE and US’s FDA approval for blood transfusion, Seoul Vio

Samsung Electro-Mechanics has narrowed its candidates to buy its wireless communication module business, which includes W-Fi modules, to two companies, TheElec has learned.There were nine companies that showed interest in buying the businesses initially, but this was first narrowed down to four and

Battery equipment Koem has supplied its winder kit to Tesla, TheElec has learned.The kits will be used by the US electric car maker for its own battery factory that will produce 46800 batteries.The equipment was supplied to the Tesla factory in Fremont, California. It will be used for the battery pi

SK Telecom’s latest 5G network built at Jinju City, South Gyeongsang Province used wireless fronthaul kit supplied by Ericsson, TheElec has learned.It is the Swedish telecom equipment giant’s first supply of wireless fronthaul equipment that used its previous wireless backhaul equipment with Etherne

Samsung Display said on Thursday that it was sending a hundred employees to India to wrap up construction of its organic light emitting diode (OLED) module factory there.The staff, numbering a hundred people of its own and suppliers’, will visit its OLED factory under construction at Noida city of t

South Korea will lead in equipment spending in 300mm fabs until 2024, according to SEMI.The country will invest between US$15 billion to US$19 billion from 2020 to 2024.Taiwan came in second at between US$14 billion to US$17 billion, followed by China’s US$11 billion to US$13 billion.Fab spending in

LG Uplus said on Thursday that it posted operating income of 251.2 billion won and sales of 3.34 trillion won for the third quarter of 2020.Operating income soared 60.6% year-on-year while sales increased 5.9% for the same time period.The telco continued its growth streak of the second quarter, when

SK Telecom said on Thursday it posted 361.5 billion won in operating profit and 4.73 trillion won in sales for the third quarter of 2020, a rise of 19.7% and 3.7%, respectively, year-on-year.The company also reported a net income of 395.7 billion won, a rise of 44.2% year-on-year. This was thanks to

Daeduck Electronics has expanded its production of flip chip–ball grid array (FC-BGA) for semiconductors as of last month, the company said on Wednesday.FC-BGA is a semiconductor package board without a wire. It sens electric signal between the chip and the main board. It is used in PC CPUs.FC-BGA,

SK Hynix will triple its sales from its NAND flash memory business in the next five years following its acquisition of Intel’s NAND unit, company CEO Lee Seok-hee said on Wednesday.Speaking at the company’s third quarters conference call, Lee said the company aims to become a top memory player, not

EcoPro BM will spend 200 billion won in expanding its battery material producing facilities next year, the company said on Wednesday.This is more than double its expected CAPEX of 80 billion won to 100 billion won for 2020. EcoPro BM is transferring its CAM5 line to produce new cathode for SK Innova