Merck will invest 20 million euros at Pyeongtaek City and the adjacent Gyeonggi Province to expand its organic light emitting diode (OLED) material facitlies there.Merck will expand its sublimation purification facility at its OLED material factory in Pyeongtaek.Purification of OLED materials is a c

SK Hynix CEO Lee Seok-hee said on Thursday that he doesn’t believe the acquisition price for Intel’s NAND unit was expensive.Lee was responding to questions from reporters following a local tradeshow.The CEO said the price of US$9 billion reflects Intel’s competence in solid-state drives (SSD) and i

LG Chem on Friday finalized its plan to split-off its battery business.The company held a shareholders’ meeting to vote for the move. Out of its total shareholders, 77.5% attended the meeting __ 82.3% of those attending the meeting voted for the split-off. This amounted to 63.7% of issued shares wit

Samsung Electronics said on Thursday it posted 12.35 trillion won in operating profit and almost 66.96 trillion won in sales in the third quarter of 2020.Operating profits was its highest in two years and sales was its highest ever for a quarter, Samsung said.The mobile business contributed 4.45 tri

Seoul Viosys, like its parent company Seoul Semiconductor, has posted record sales in the third quarter of 2020.Seoul Viosys posted 9.5 billion won in operating profit and 120.7 billion won in sales in the quarter, an increase of 256% and 33%, respectively.Operating margin rate stood at 7.9%.Seoul V

LG Electronics was planning to expand the use of original design manufacturer (ODM) for its smartphone production next year, TheElec has learned.The company started using ODM in 2018 __ around 10% of handsets made that year was produced by contract makers. This increased to 30% in 2019 and will expa

LG InnoTek said on Wednesday that it was existing LED business.It the first official confirmation from the company itself that it was doing so.Last year in October, LG InnoTek has already decided to exit the LED business and told its retailers that it was planning to halt LED chip and package produc

Semiconductor and display panel equipment company LAT is aiming to grow by a 100% next year.It will need to enter Samsung Display’s supply chain for organic light emitting diode (OLED) production.Samsung Display and LG Display will also need to expand their investment into OLED panels.LAT CEO Park K

Hyundai Motor and Kia Motors combined has ranked second in global electric vehicle (EV) sales in the third quarter, according to market tracker EV Volumes.Tesla remained the undisputed top vendor in EV during the quarter.A total of 865,000 EV units were sold in the quarter. It is the highest ever fo

Samsung Electronics will launch the Samsung Flip, its 60-inch range interactive digital flipchart, in Europe next year, aimed at the education sector there.Chemtronics, which contract-produces the flipcharts, will likely benefit from the expanded sales plan.Samsung’s Visual Display (VD) business pla

South Korea’s Electronics and Telecommunications Research Institute (ETRI) said on Thursday that it has developed software technology for 28GHz mmWave 5G small cells.The software is based on Qualcomm hardware, ETRI said.It will later be applied to small cell equipment manufactured by South Korean sm

The Korea Display Industry Association (KDIA) said on Wednesday that it will form a consortium of companies to help them with exporting equipment, components and materials related to display panels to China.The consortium will hold online talks with Chinese panel companies in Wuhan, Chengdu and Shen

AMD will buy rival semiconductor company Xilinx in an all-stock deal worth US$35 billion, the pair announced on Tuesday.AMD to will likely leverage Xilinx’s field programmable gate array (FPGA) to increase its competence in offerings for data centers and machine learning.Xilinx stockholders will rec

The National Pension Service (NPS) said on Wednesday that it will oppose LG Chem’s plan to split-off its battery business.NPS has a 10.2% stake in the South Korean battery maker and is its second largest share holder.The board of NPS are currently filled with pro-government officials. NPS’s oppositi

Semiconductor testing company Nepes Ark was in the process of expanding its factory at Cheongan, the company said on Tuesday.This was thanks to it securing a large customer, the company said.Nepes Ark was planning to go public on KOSDAQ in November. It said 46.1 billion won out of the total fund it

Samsung SDI posted 267.4 billion won in operating income and 3.08 trillion won in sales in the third quarter.It is a rise of 61.6% and 20.2%, respectively, year over year.The company saw demand rise for both circular and prismatic batteries.Its electronics material business also posted strong growth

Samsung Display has received licence the US Department of Commerce to export some OLED panels to Huawei, TheElec has learned.The company is the first to receive the licence for a South Korean firm.US sanctions against Huawei went into effect on September 15.LG Display, Samsung Electronics and SK Hyn

The final judgment on the trade secret leak lawsuit between LG Chem and SK Innovation has been pushed backed again by the US International Trade Commission (ITC).The ITC has said the final judgment will come on December 10. It is the second postponement by the agency.It didn’t say why it was delayin

Display panel inspection equipment maker Dong A Eltek is aiming to supply more OLED-related kits to Chinese display panel maker Visionox.Last month, the South Korean company singed a 20.7 billion won contract with the Chinese company for demura systems, people familiar with the matter told TheElec.V

Samsung Electro-Mechanics has posted operating profits of 302.5 billion won and sales of around 2.29 trillion won in the third quarter.It is a rise of 60% and 3%, respectively, year over year, the company said.It also beat South Korean analysts’ consensus of 256.1 million won in operating profits an