LG Chem will offer cash dividends over 10,000 won for ordinary shareholders for the next three years, the company announced.The move is likely to placate the anger over the company’s decision to split-off its battery business.LG Chem said the dividends will eliminate uncertainties over the split-off

Samsung Electronics vice chairman Lee Jae-yong has visited the headquarters of ASML of Netherland, the South Korean tech giant said on Wednesday.Lee met with ASML CEO Peter Wennink and CTO Martin Van den Brink to discuss collaboration between the two companies.ASMl is the only company that makes ext

Semiconductor and display particle contamination monitoring equipment maker Withtech was in talks with YMTC of China and TSMC of Taiwan for a potential supply deal, the company said on Tuesday.Overseas clients account for 47% of the company’s sales __ it plans to expand this further buy winning more

Intel’s Fab 42 in Arizona has begun operation last week, the company said.It is the US chip giant’s third 10-nanometer (nm) fab. Construction began in 2011 and Intel spent US$23 billion for its construction.Intel has additional 10nm fabs in Oregon in the US and in Israel.Fab 42 has equipment that su

System semiconductor startup SKAi Chips has received 1.6 billion won in investment from a listed South Korean fabless company in its Series A funding round, the company said on Wednesday.The investment was thanks to SKAi’s competence in analog mixed signal chip designs, the startup said.SKAi Chips s

LG Display CEO Jeong Ho-young said Wednesday that the company will build a tight ecosystem around organic light emitting diode (OLED) display panels with its partners.The South Korean display maker invited 20 of its OLED materials and components suppliers, including Merck and DuPont, to its 2020 Tec

Ex-Hynix employees were collaborating with the local Chinese government at Chengdu to acquire GlobalFoundaries’ factory there, according to local media reports.Local company Jinsemi, which has former Hynix Semiconductor vice president Choi Jin-seok as CEO, and the Chengdu city government has a joint

Telecom equipment and component maker Gigalane has begun mass supply of antenna and filters for base stations to Samsung Electronics, TheElec has learned.The company’s factory in Vietnam was approved to supply by Samsung Network in January. Gigalane supplied its initial batch to the South Korean tec

Linkflow and Qualcomm will collaborate on next-generation camera and related marketing, the companies aid.Linkflow will use the US chip giant’s system-on-a-chip (SoC) for its next smart camera.Once the development is complete, the pair will market the product together, they said.Linkflow CEO Keven K

Electric vehicle (EV) maker Tesla announced its new battery on Battery Day event at California on Tuesday. The new battery is bigger and has increased energy density. The company plans to produce up to 100GWh per year in 2022, and 3TWh by 2030.Such things as solid-state battery, a million mile batte

Tesla has unveiled its own battery that it will produce at its Battery Day event.The battery is larger and has more energy density while costing 56% less to make compared to its predecessors.Tesla also said it plans to launch a US$25,000 electric vehicle in 2022.The US car company plans to produce 1

SK Hynix have formed a subsidiary focused on industrial artificial intelligence (AI), the company announced.Called Gauss Labs, the company was formed last month at Silicon Valley. It will open an office in South Korea this month.SK Hynix plans to invest US$55 million into the new company by 2022.Gau

LG Uplus will collaborate with Google Cloud in 5G mobile edge computing (MEC) to find new global business opportunities, the company CEO has said.CEO Ha Hyun-hwoi the partnership will secure the best MEC technologies and use it to find new 5G services for both the consumer space and the enterprise.G

Canada-based startup OTI Lumionics’s cathode patterning materials is expected to be applied to organic light emitting diode (OLED) under display camera (UDC) technology next year.OTI received Series A Plus funding from LG Technology Ventures earlier this year. UDC technology allows cameras to be und

Nextin will challenge KLA in the global semiconductor inspection equipment market, the CEO of the South Korean company said on Thursday.CEO Tae Hoon Park said the company will strengthen its technology to compete with KLA, the US company that dominates in dark-field inspection equipment. In South Ko

Telecom equipment vendor Ace Technologies have won a new order for its remote radio heads (RRH) from a global client, the company said on Tuesday.It is its first order for RRH since 2013.The client already buys antenna filters from Ace.The South Korean company also plans to supply RRH to local clien

Dreamtech has named another CEO in its shareholders’ meeting on Monday.New CEO Park Chan-hong will manage the company’s smartphone component business while current CEO Kim Hyung-min will manage the healthcare business, Dreamtech said.The South Korean component maker said having two CEOs will strengt

Nvidia has made it official that it plans to acquire Arm for US$40 billion on Sunday.The deal will be the biggest M&A in the semiconductor industry to date. However, the deal is still pending approval from authorities in various countries including China.SoftBank and Vision Fund currently hold a 75%

Flexible display evaluation firm FlexiGO has developed evaluation technology for rollable and slidable displays, the company said on Friday.The South Korean firm specializes in evaluating durability of OLED display panels. FlexiGO checks whether cracks appear on flexible OLED panels when they are fo

SK Telecom will hold its artificial intelligence (AI) conference ai.x2020 on Thursday.SK Telecom CTO Kim Yoon, Robust.AI founder Gary Marcus, Allen Institute for AI CEO Oren Etzioni and Siri Inc. co-founder Tom Gruber will be the speakers.They will talk about AI’s role in the post COVID-19 era, the