Magnachip has received a takeover bid from Cornucopia Investment Partners worth US$1.66 billion, according to a report by Reuters.In March, the South Korean chip firm entered into a deal with Chinese private equity firm Wise Road Capital to sell its shares for US$1.4 billion.The South Korean governm

Chip testing firm APACT said on Monday that it plans to start a new system semiconductor backend business for new growth.The company will open a new sales office in Pangyo to start the business in full-scale, it said.APACT will place sales personnel and engineers at the new office to aggressively wi

A Hyundai Motor Company executive declined to comment on whether the conglomerate was planning to develop and manufacturing its own semiconductors on Friday.But Seoho Choi, vice president of technology innovation business development group at Hyundai, said at an industry event called Seoul Smart Mob

Biolog Device said on Friday that it will inject an additional 1.75 billion won into Hivics, which it has acquired last month.The added funds will be used by Hivics to hire doctorate engineers specializing in electric cars, autonomous cars, AI and IoT, Biolog Device said.Hivics will also hire more p

X-ray inspection company Xavis was chosen by the Ministry of Trade, Industry and Energy to get government making to develop a chip inspection kit.Xavis will receive 3 billion won in funding up to 2024 to develop its under 25-nanometer high-resolution 3D X-ray nondestructive semiconductor inspection

LG InnoTek is entering the flip chip (FC)-ball grid array (BGA) market, TheElec has learned.The South Korean component maker is expected to make its investment plan into the high-value semiconductor substrate market public in the third quarter.LG InnoTek has already manufactured and supplied samples

Surplus Global, a South Korean pre-owned fab equipment seller, said on Wednesday that it was seeing explosive demand for equipment from the chip industry in light the global chip shortage.CEO Brian Kim told TheElec that Surplus Global’s growth this year is expected to exceed that of the average grow

The Korea Electronics Technology Institute (KETI) and Chemtronics said on Tuesday that the pair will collaborate in the development of core technologies for vehicle-to-everything (V2X) and wireless charging.Specifically, the pair will develop technologies that connect V2X with wireless charging.KETI

Chip testing firm Itek will collaborate with chip packaging company Unichips to enter the Chinese market.Itek said on Tuesday that the pair will share market information and analysis of the Chinese market to enter the semiconductor testing sector there.Itek’s focus in on testing system semiconductor

Semiconductor packaging firm Hana Micron was in talks to buy semiconductor testing company APACT.Hana was seeking to acquire APACT to win a large, long-term order to handle semiconductor backend process work from South Korean memory giant SK Hynix, people familiar with the matter told TheElec.Those

South Korean fab equipment firm Hanmi Semiconductor said on Monday that it has completed a new factory to manufacture dual-chuck saw used in chip packaging.The factory was built at an industrial park at Incheon and will manufacture Hanmi’s dual-chuck saws, called Micro Saw by the company.The new fac

Texas Instruments was the largest analog semiconductor company in terms of revenue last year, according to market research firm IC Insights.The US chip firm recorded US$10.9 billion in sales from its analog chip business. It was a 6% increase year-on-year and was 75% of its total sales of US$14.9 bi

Abov Semiconductor will be given 5.5 billion won in financial support for the next three years from the South Korean government to develop its wireless charging technology.The Ministry of Trade, Industry and Energy said on Friday that it has selected the company as one of the fabless chip firms it s

Smartphone camera module maker Biolog Device will acquire and invest in the display and semiconductor industries to become a large tech conglomerate, Company CEO Hwang Hoon said on Thursday.It will use its business network and all its resources to integrate new technologies and companies, the CEO sa

Hanmi Semiconductor on Wednesday said it has succeeded in the development of dual-chuck saw used in semiconductor packaging.The saw is called Micro Saw by the company and will be offered with 18-months free warranty, Hanmi said.Japanese companies dominate the semiconductor packaging saw sector with

South Korean chemical firm Miwon Commercial is likely to supply more krypton fluoride (KrF) photoresist polymer to Samsung as the latter upgrades its 3D NAND from Gen 6 to Gen 7, TheElec has learned.Samsung is preparing to start manufacturing its Gen 7 3D NAND, which has more layers than the previou

Hyundai Mobis, the component arm of Hyundai Motor Group, was in talks with South Korean fabless chip and design house companies to develop its own automobile semiconductor, TheElec has learned.The project is called ES Project internally. ES stands for Eui-sun, the first name of Hyundai Motor Group c

Nextchip said on Tuesday that it has received the ISO26262 Functional Safety Management (FSM) certificate from production certification firm Exida.Nextchip said it can now develop semiconductors that meet Automotive Safety Integrity Level (ASIL) requirements.The firm said it has been preparing for F

System semiconductor firm Telechips said on Tuesday that it is supplying its automobile system-on-a-chip (SoC) Dolphin Plus to Avtovaz, the Russian car brand under Renault Group.Dolphin Plus is used to power audio, video and navigation (AVN) system on cars.The SoC is applied to Avtovaz’ Lada Enjoy P

LG InnoTek has sold its 1,968 patents related to LED technology registered in the US to a Chinese company called Suzhou LEKIN Semiconductor on May 20, according to filings made to the United States Patent and Trademark Office (USPTO).Suzhou, China-based LEKIN Semiconductor was founded in on March 2