LG Energy Solution said on Wednesday that it will be procuring graphite from Australian firm Syrah Resources Limited.The South Korean battery maker said the move was done to reduce the reliance on China for the material ahead of the US Inflation Reduction Act coming into effect.LG Energy Solution wi

Moloco said on Wednesday that it will be launching its Retail Media Platform (RMP) for Singapore and Southeast Asia.RMP is a machine learning-based ad-serving solution aimed at performance marketers.Offered in turnkey, e-commerce marketplaces can set up their own in-house advertising business and wi

LG Energy Solution and Honda said on Monday that the pair plans to form a joint venture to build a battery factory in the US.The two companies will spend a total of US$4.4 billion on the factory which will have an annual production capacity of 40GWh.It is the first joint venture between a South Kore

Hana Technology said on Thursday that it recorded 58.9 billion won in revenue and 2.7 billion won in operating profit during the first half of 2022.Revenue more than doubled compared to the same time period a year ago while it returned to profitability from last year.Hana Technology said it won larg

South Korean chip foundry DB Hitek said on Friday that it recorded 435.7 billion won in revenue and 213.2 billion won in operating profit in the second quarter.Revenue increased 59% from a year ago while operating profit jumped 162% over the same time period.The operating margin rate reached 49% dur

Youngwoo DSP said on Tuesday that it has signed a contract with Samsung Display for inspection equipment used in OLED panel production.The company didn’t reveal the size of the deal but said the kits will be used to check for defects in OLED cells, modules and panels in a production line located in

PI Advanced Materials said on Friday that its new optical polyimide (PI) film production line with an annual capacity of 750 metric tonnes has started production.With the additional capacity, the company now has an annual production capacity of 5,250 metric tonnes from its facilities in Gumi and Jin

Samsung Electronics was selling its key QD (quantum dot)-OLED TV model at a price point US$200 lower than its main competition W (white)-OLED TV made by rival LG Elecronics, analyst firm UBI Research says.Samsung’s 65-inch QD-OLED TV model, S95B, was being sold for US$2,800 on BestBuy, compared to L

Cryo vacuum pump company Cryo H&I said on Tuesday that it has developed an ultra-low temperature refrigerator that can test the compression and tensile characteristics of metals.The machine can offer temperatures at minus 253 Celsius and is aimed at companies that need to store liquid hydrogen and d

Samsung Display has acquired patents from German firm Cynora related to high-efficiency blue OLED, TheElec has learned.Multiple companies are currently working to develop blue OLED with high efficiency.Cynora is among them and it has been developing thermally activated delayed fluorescence (TADF) bl

Chinese battery equipment maker Lead said on Tuesday that it will be supplying Volkswagen.The turn-key deal will see Lead supply kits for electrode, assembly and formation processes for a capacity of 20GWh.The equipment will be installed next year at the factory in Salzgitter, Germany. Lead will hav

Chinese smartphone makers had launched a total of 76 models of smartphones that use OLED panels up to May this year, analyst firm UBI Research said on Wednesday.In the month of May alone, 20 new models were launched, the firm said.Vivo was the top vendor in terms of OLED smartphones, having launched

Semiconductor testing solution firm ISC said on Monday that it has launched a new rubber socket for 3D chip packaging.The socket, called iSC-WiDER, is a successor to its socket aimed at CPU and GPU chips.The latest iteration can also be used to test microcontroller units and for 2.5D and 3D packagin

South Korean display equipment maker KPS has unveiled a new fine metal mask (FMM) for use in the production of 15.6-inch notebook OLED panel.The company said it used what it calls a hybrid method to manufacture the FMMs.The prototype was made by assembling cell-level hole masks into one larger mask.

LG Energy Solution said on Wednesday that it recorded 4.34 trillion won in revenue and 258.9 billion won in operating profit during the first quarter.Revenue increased 2.1% from a year prior but operating profit dropped 24.1% over the same time period.The company said it plans to spend 7 trillion wo

Chip and component reliability testing firm QRT was developing new chip testing equipment with the aim to make the business a major source of revenue by 2025, TheElec has learned.The company was aiming to sell its semiconductor soft error tester and 5G mmWave spectrum RF accelerated life tester, peo

Hana Technology said on Thursday that it has won a turn-key order worth 90.8 billion won from battery maker Britishvolt to supply them with back-end formation equipment.It is the second European customer the South Korean equipment maker has secured. Last year, Hana Technology garnered Norway’s Freyr

South Korean battery maker SK On said on Monday that it has collaborated with local fabless firm Autosilicon to develop its own battery management IC (BMIC).BMICs are used to increase the stability of battery cells in electric vehicles and energy storage systems by measuring the cells’ voltage and t

South Korean battery cathode maker EcoPro said on Wednesday that it has acquired a stake in GEM’s nickel operation in Indonesia.EcoPro will acquire a 9% stake in QMB, GEM’s subsidiary in Indonesia, which is planning to start producing nickel materials during the second half of the year with a capaci

AI inspection equipment maker Twim said on Friday that it has recorded 21.6 billion won in revenue and 1.2 billion won in operating profit in 2021.It marks the second year that the company has marked a profit.Twim said revenue from its AI inspection equipment was higher than its previous sources of