Qualcomm CEO Steve Mollenkopf said Thursday that he expects the shortage in foundry production capacity will continue up to the first half of 2021.The CEO told Reuters that the company sell more chips if it could produce more.Qualcomm reported the earnings for its fiscal first quarter (October to De

Display equipment maker Meere Company will supply its edge grinder for Tianma’s Gen 6 OLED production line.According to chinabidding.com, the Korean company won an order for edge griners and edge inspection equipment from the Chinese display giant last week.Edge grinder uses a grinding wheel to make

YEST has become the largest shareholder of its affiliate Yes Power Technix.YEST said Wednesday that it has bought shares worth 3 billion won of its affiliates.Previously, YEST CEO Jang Dong-bok was the largest shareholder of Yes Power Technix with 37.2% stake __ this has now declined to 31.7%. YEST’

OLED material maker P&H Tech’s share price for its KOSDAQ listing has been set at 18,000 won, the company said on Tuesday.The company held orders from institutional investors from January 28 to 29. It is offering 516,000 shares to them. The 18,000 share price exceeds that of P&H Tech’s asking price

Samsung Electronics has requested four patents owned by Ericsson to be invalidated to the United States Patent and Trademark Office (USPTO) on January 29, TheElec has learned.Two of the four patents are standard essential patents (SEP). One, Patent 10,454,655, deals with wireless handset, wireless t

Youil Energy Tech has succeeded in winning a customer to supply prismatic battery production equipment, the company’s CEO said.The firm has completed development of roll-to-roll notching equipment and will be supplying them to a global top-tier customer’s production line within the year, CEO Jeong Y

Samsung Network’s earnings in 2021 will likely be determined on whether it can win an order from US telco AT&T.Despite winning a 7.9 trillion won deal with US telco Verizon last year, Samsung failed to do the same with T-Mobile.Samsung had actively developed sample to provide to T-Mobile after its s

OLED material maker P&H Tech is aiming to double its production capacity this year, the company CEO said on Thursday.CEO Hyun Seo Yong said the company was aiming for 19.3 billion won in sales and return to profitability in 2021. Last year, the company posted 8.5 billion won in sales and operating l

SK Global Chemical, a subsidiary of SK Innovation, said on Thursday that it US waste solutions provider Brightmark to build a plastics renewal plant in South Korea.The plant will use Brightmark’s pyrolysis technology to recycle plastic wastes. It will extract oil from them to reuse them as naphtha.“

South Korea’s prime minister Chung Sye-kyun on Thursday said he was “embarrassed” by the lawsuit over battery technology between LG Energy Solution and SK Innovation.At a local speaking event in Seoul, Chung said he tried to mitigate in the dispute between the pair. The prime minister called CEOs as

Yes Power Technix said on Thursday that it has received 26.8 billion won in funding from SK Holdings, the holding company of SK Group.SK Group will gain a 33.6% take in Yes Power Technix through the deal.Yes Power Technix, an affiliate of YEST, is the only company in South Korea that can design and

Chemtronics said on Thursday that its subsidiary Wits will acquire Samsung Electro-Mechanics’ telecommunication module business for 105.5 billion won.TheElec was the first to report on the deal on December 8, 2020.Wits will buy a 100% stake in Samsung’s Thailand subsidiary, which produces wireless m

The CEOs of Samsung Electronics and six other affiliates of the company meet with Samsung’s compliance committee to discuss collaboration on Tuesday.Samsung Electronics vice chairman and co-CEO Kim Ki-nam said the company will strive to follow the law to become a respected conglomerate, following th

South Korean start-up Vtouch is aiming to commercialize digital signage this year, company co-CEO Kim Seok-joong says.Vtouch is a developer of virtual touch technology. The technology uses the camera on displays to recognize the eyes and hand tips of users. The used the idea that the hand pointing a

LG Energy Solution has setup an employee lounge at its new company building.The 63rd floor of Parc One Tower will offer a 1,636 square-meter lounge that can house up to 170 people, the company said.There will be a cafe, a stage and a smart working space for employees to use.On the stage, there will

Intel will be manufacturing 7-nanometer (nm) CPU on its own starting in 2023, company CEO Bob Swan said at its fourth quarter conference call on Thursday.The company has been increasing research and development spending to develop 7nm since the second half of 2020, Swan said, and it was confident th

Employees of Toptec were found not guilty by a court on allegations that they have leaked technology of Samsung Display to China.The Suwon District Court found all 11 employees, including company CEO Bang In-bok, to be not guilty.They were indicted in 2018 by prosecutors for allegedly leaking techno

ASML is planning to ship 40 extreme ultraviolet (EUV) systems this year, the company said at its fourth quarter conference call.Last year, the company shipped 31 EUV systems for sales of 4.5 billion euros, CEO Peter Wennink said.ASML is expecting sales of 5.8 billion euros from EUV systems in 2021,

South Korean component maker Partron was developing mmWave 5G router for US carrier Verizon, TheElec has learned.The company was preparing to supply the routers, aimed at consumers, to the carrier in the second half of 2021 at the earliest, people familiar with the matter said.Partron, which as most

LG Electronics on Wednesday made a statement on the potential future of its Mobile Communications (MC) business, which has been posting 23 consecutive quarters.The statement was likely made to calm employees prior to the company’s announcement on the direction of the business expected around the end