A former president of Samsung Electronics told an industry seminar on Tuesday that South Korea needs a national strategy so that the local semiconductor industry can leap forward again.Skylake Investment CEO Daeje Chin, who formerly headed Samsung Electronics’ semiconductor business and was a Minist

Display equipment maker JASTech said on Tuesday that it will start a new business for diagnosis kits.The new business is aimed at a post-pandemic era, the company said, as it expected demand for diagnosis kit to grow due to the increased interest in health.JASTech currently relies heavily on display

South Korean chip giant SK Hynix on Wednesday has named a new co-CEO.SK Telecom vice chairman Park Jung-ho was newly named co-CEO by the board.Park will be in charge of building the corporate culture and drawing up long-term strategy to increase SK Hynix’ global competence, the company said.Current

Production at Samsung Electronics’ chip plant in Austin, Texas has normalized as of last week after cold weathers there halted production for six weeks.A Samsung spokesperson said operation was returning to levels prior to the halt.The company was forced to shutdown operation of its factory last mon

Coasia said on Monday at it shareholders’ meeting that it strengthen its camera module business this year.It will also focus on expanding its system semiconductor business, which it started in 2020, the company said.Coasia will take part in the management of Coasia Optics, formerly called Diostech,

System semiconductor startup Qualitas said on Monday that it will develop an 112Gb/s Serializer/Deserializer (SerDes) IP aimed at artificial intelligence (AI) and data center applications.Companies such as Cadence, Synopsys, Rambus, Marvell, Credo and Alphawave are competing fiercely in SerDes IP. Q

Display equipment maker Philoptics will aim to supply fab equipment for new growth, the company CEO said on Monday at its shareholders’ meeting.Philoptics CEO Han Ki-soo said the company was preparing to manufacture and supplying wafer bonding equipment and was aiming to win an order for them within

EO Technics CEO Sung Kyu-dong said on Friday that the uptick in the global semiconductor and printed circuit board (PCB) markets will help the company’s growth in 2021.The increase demand for chips will continue to help the company’s growth, the CEO said at its shareholders’ meeting.EO Technics was

Samsung has developed a 512GB DDR5 memory module and is collaborating with Intel in the transition to DDR5.The company said Thursday that its latest memory supports data transfer rate of up to 7,200Mbps, double that of DDR4. This means two 30GB UHD movie can be processed within a second, Samsung sai

Wonik IPS is always open to mergers and acquisitions (M&A) and the company will need to secure additional processes to compete with world-class companies, a company executive told TheElec on Thursday.The executive, who was speaking after Wonik IPS’ shareholders’ meeting, said while it wasn’t reviewi

South Korean display equipment maker Hims is aiming to reduce its reliance on OLED equipment this year from sales in new areas.Hims CEO JH Kim said at its shareholders’ meeting on Wednesday that the company has been preparing to enter the semiconductor equipment and software businesses for the past

Intel is planning to spend US$20 billion into building two new factories in Arizona, while restarting its foundry business.Intel CEO Pat Gelsinger said on Tuesday that the foundry market will grow to be worth US$100 billion in 2025. The US chip giant will secure production facilities in Europe and U

South Korean system semiconductor company Coasia has received the Supplier Quality certification for its LED modules from Hyundai Motor Company.The certification will open Coasia to win more orders from the Korean automobile giant and global customers.Coasia previously received the certification for

The CEO of SK Hynix said on Sunday the importance of memory will become more important in the era of digital transformation.Company CEO Lee Seok-hee, speaking at the 2021 IEEE International Reliability Physics Symposium (IRPS), said the company will overcome various material, structure and reliabili

Hanwha Techwin has started development of 8-nanometer (nm) system-on-a-chip (SoC) for CCTVs this year, TheElec has learned.The company is aiming to reduce reliance on China’s HiSilicon, which has previously supplied the CCTV chips.Hanwha is using South Korean design house company for the design. Sam

Renesas Electronics has suffered a fire in its facilities over the weekend that will likely exasperate the ongoing global chip shortage that is affecting automobile production.The company said its N3 building at its Naka plants in Japan suffered fire on Friday. The fire was put down in around five h

Abov Semiconductor said on Thursday that it will supply three new microcontroller units (MCU) aimed at automobiles this year.These will be a lidar MCU (A31Q213), a passenger assistance system MCU (A94Q216) and a mobile device charging MCU (A94Q427).A Abov spokesperson said the company will start pro

The Korea Automobile Association (KAA) and Korea Semiconductor Industry Association (KSIA) signed a MOU on Wednesday for collaboration.The MOU singed following the formation of a council for collaboration between the two industries on March 4.KAA and KSIA’s partnership is done in light of the recent

Display equipment manufacturer Avaco on Thursday said it was conducting a reliability review on its semiconductor packaging sputter with a semiconductor company.The company is hoping sales from the supply of the sputters will occur this yearAvaco is pushing metal layer deposition sputter, used for w

Fab equipment spending in 2020 increased 16% compared to 2019, according to SEMI.Spending is expected to increase 15.5% this year to reach over US$70 billion, according to the organization. It will increase 12% in 2022 to over US$80 billion.Fab equipment spending increased substantially for three ye