SK Hynix expects to hit an accumulated revenue of mid-US$10 billion in high-bandwidth memory (HBM) sales by the end of 2024.The memory maker has already sold out its HBM capacity for the year as well as those for 2025, SK Hynix CEO Kwak Noh-jung said during a press conference on Thursday at the comp

Samsung Electronics vice chairman and co-CEO Han Jong-hee returned from its three-day visit to China on Wednesday.Han, who is also the head of Samsung’s Device Experience (DX) division, which makes smartphones, TVs, and appliances, was accompanied by Samsung’s head of procurement at its TV Business

“That promise has been kept,” Li Mei, the chairperson of Taiwan’s Fair Trade Commission, told the parliament in December of last year.They were responding to a question on whether US chip giant Qualcomm kept its promise to invest $700 million in the country.The company, known for its Snapdragon proc

Chip fabless firm Fadu made repeated apologies during its annual shareholder’s meeting amid lackluster earnings and the drop in share prices.The company’s share prices opened at 31,000 won per share when it went public last year but as of Thursday, its shares were trading at 16,280 won per share, a

LG Electronics CEO William Cho said on Tuesday that the company was open to equity investment and joint ventures with over-the-top content companies.In the TV market today, FAST, or free ad-supported streaming TV, platforms were gaining attention, the CEO stressed during the electronics maker’s annu

South Korean memory chip company SK Hynix expects customer demand for customized high bandwidth memory (HBM) to become stronger going forward.Demand from customers for optimization of these memory chips, which are paired with AI processors, will lead them to become less of a commodity like other mem

Battery production equipment maker PNT said on Tuesday that it aims to record over 1 trillion won in revenue this yearThis is double its annual revenue last year of 545.4 billion won. PNT CEO JoonSup Kim said during its annual shareholders’ meeting that the company is also looking to find new busine

Display equipment maker Sunic System expects to win orders from BOE for Gen 8 OLED deposition equipment this year, its CEO said on Monday.Sunic System CEO Park Jae-gyu said during the company’s annual shareholders’ meeting that it expects a positive result in its competition to supply deposition equ

Seojin System is supplying metal molds for car body die-casting to a global auto giant, the company’s CEO told TheElec. This customer, which ranks within the top five in terms of revenue among automakers, will use it for its electric vehicles.Seojin System is also building a large die-casting factor

Samsung is aiming to become the world’s largest semiconductor company within two to three years, the company co-CEO said on Wednesday.Samsung co-CEO Kyung Kye-hyun, who heads the company’s Device Solution (DS) division, its chip division, said during Samsung’s annual shareholders’ meeting the compan

Samsung SDI is planning to expand its electric vehicle battery production capacity in North America through the forming of new joint ventures and building more factories, the company CEO said on Wednesday.This was because the EV market is expected to continue to grow, Samsung SDI CEO Yoonho Choi sai

TEMC and Matheson Gas Products Korea are in the middle of a legal dispute over alleged trade secret theft that could have huge consequences for their respective bottom lines.Late last year, South Korean prosecutors indicted executives of TEMC over allegedly leaking trade secrets held by Metheson.The

Fab equipment maker APTC is planning to name an ex-SK Hynix executive as an inside director.Jong-Pil Im, the former head of procurement at SK Hynix, will be named as an inside director while the company will also change its name to VM, the company said in a letter to shareholders.Im started his care

Samsung was planning to turn its task force for high bandwidth memory (HBM) into a permanent office under the chip division, TheElec has learned.The president of Samsung’s Memory Business, Lee Jung-bae, recently ordered the formation of such an office, sources said.If the task force is converted to

South Korea will be able to retake its position as the largest display panel producer from China by 2027, Samsung Display’s CEO said on Thursday.Samsung Display CEO Choi Joo-sun told reporters at the sidelines of the Korea Display Industry Association’s (KDIA) first board meeting for this year, wher

SK On has finished the development of its own lithium iron phosphate (LFP) battery and will start production in 2026 at the earliest, the company CEO told reporters on Wednesday.While Chinese companies are perceived to have price-competitiveness in the LFP battery market, South Korean companies will

Intel was increasing its sales activity against South Korean fabless chip companies, TheElec has learned.Intel CEO Pat Gelsinger last year met with senior executives of these companies and updated them on its chip foundry plan, sources said.The US chip giant was heavily pitching its 18A process node

Intel said on Wednesday that it has secured US$15 billion worth of chip foundry orders as of the first quarter of this year.The company also announced that it has secured Microsoft as a foundry customer during its first foundry even Intel Foundry Direct Connect at San Jose.The US chip giant previous

LG Innotek is considering developing glass substrates for use in chip packaging, a company official said.LG Innotek general manager Jaeman Park said on Wednesday during the SMT&PCB Tech Conference hosted by TheElec in Suwon that glass is likely to become the main ingredient in the future for substra

LG Energy Solution is planning to begin production of 4680 batteries in South Korea in August at the earliest.Company CEO Kim Dong-myung told reporters on the sidelines of the regular meeting of the Korea Battery Industry Association that the battery maker will start manufacturing the battery type b