US memory chip giant Micron on Tuesday announced further reduction in its memory chip production output.The memory chipmaker in its earnings report shared with investors for the second quarter of its 2023 fiscal year (December to February) said expect “meaningfully negative for DRAM” in bit supply g

Siemens expects the global chip market to recover on the back of mega trends such as autonomous driving and AI.The chip industry was going through a fourth downturn and in the past the market has always grown substantially after such a downturn, Joseph Sawicki is Executive Vice President, Integrated

Samsung Display will start manufacturing OLED panels for the iPhone 15 Series in May, a month earlier than initially planned, TheElec has learned.This is because BOE, which was given the order by Apple to manufacture some OLED panels for the standard model of iPhone 15, is facing problems in product

LG Energy Solution is planning to spend 7.2 trillion won to build a new battery plant in Arizona.The new plant to built at Queen Creek, Arizona will manufacture cylinder, lithium iron phosphate (LFP) and energy storage system (ESS) batteries, the South Korean battery maker said following its board m

SK Hynix has divided its procurement team for the first time, a move meant to strengthen the purchasing of components and equipment used in the back end of chip production.The procurement team is now divided to a front end team and another back end team, SK Hynix had said its filings to local regula

Chipmaker SK Hynix has moved its global sales and marketing team, known as GSM within the company, from its headquarters at Icheon, south of Seoul, to a separate building at the capital.Some 300 employees of the team will work from Mirae Asset CENTER1 building in downtown Seoul, the chipmaker said.G

LG Energy Solution CEO Kwon Young-soo said on Friday that the company will begin manufacturing lithium iron phosphate (LFP) batteries for energy storage systems this year.Kwon also confirmed that the company will begin manufacturing LFP batteries for EVs in 2025, following the battery maker’s annual

Fab equipment maker TES has developed a new plasma cleaner that is going through a quality test by a potential customer, TheElec has learned.South Korean chipmakers have relied on foreign fab equipment makers for the cleaners so TES’ move is meaningful, though commercialization is likely some time a

Samsung chairman Lee Jae-yong is expected to meet executives of US electric car maker Lucid next month, TheElec has learned.Lee will accompany South Korea's President Yoon Suk-yeol on his state visit to the US on April 26.There is expected to be a roundtable meeting between US and South Korean busin

Magnachip is planning to downsize its workforce by 5% due to last year’s poor earnings and the overall downturn of the global chip market.The chipmaker was offering voluntary retirement to up to 5% of its workforce, sources said, out of its total workforce of 900.This is likely a precursor before a

Hanmi Semiconductor vice chairman and CEO Kwak Dong-shin saw a huge valuation margin from his investment in fab equipment maker HPSP made two years ago, TheElec has learned.Kwang and Hanmi Semiconductor together bought 25% of the stock in the private company HPSP. Each spent 37.5 billion won for 12.

Yes Power Technix is expected to start operation of its new fab in Busan this month that will manufacture silicon carbide (SiC) power management IC, parent company SK Holdings said on Tuesday.The four-story fab, which went into construction near the end of 2021, will manufacture 150mm SiC power mana

Chinese battery equipment maker Zhejiang Hangke will be forming a joint venture in South Korea, TheElec has learned.The company will form HK Power with a local company. Hangke will spend US$30 million in the venture.The move is likely to supply more equipment to main customer SK On. Hangke recently

LG Display is expected to supply a 30-inch range OLED panel to electric car maker Lucid, TheElec has learned.The supply timeline has been delayed due to Lucid’s financial difficulty but LG Display is expected to start producing the panels in the fourth quarter, sources said.The OLED panel Lucid plan

Samsung Electro-Mechanics has so far filed 14 patents that are seemingly related to solid-state batteries.According to Kpris, an open portal of all patents filed in South Korea run by the Korea Patent Office, the component maker had so far filed a total of 14 patents related to solid-state batteries

DB Hitek will for the first time supply its OLED display driver ICs aimed at smartphone panels to Samsung Display, TheElec has learned.DB Hitek will begin supplying the 40-nanometer (nm) DDIs to Samsung Display during the second half of 2023, for use in OLED panels in Samsung smartphones.The company

A Supreme Court ruling made on Thursday on the validity of patents related to silicon carbide (SiC) rings owned by Tokai Carbon Korea (TCK) is expected to disrupt the market in South Korea.The ruling maintained the verdict of the appeals court in October last year and validated a patent related to t

Samsung Display was considering collaborating with APS holdings for the development of a 3500ppi fine metal mask (FMM), TheElec has learned.The masks are used to manufacture OLED on silicon (OLEDoS) that can be used in virtual and augmented reality devices.APS Holdings had last year unveiled an OLED

LS Electric is planning to build an electric infrastructure technology center in August somewhere in Central US.The center is expected to house up to 40 staff handling service engineering, maintenance and repair as well as research, the company said.The building of the center will be followed up by

Samsung is expanding the use of automation in its sub-fabs that supply gases and chemicals to fabs, TheElec has learned.The South Korean tech giant is automating the drum logistics systems and installing more automatic clean quick couplers in its sub-fabs, sources said.This was being done to increas