Shindo ENG Lab’s retail order for its initial public offering (IPO) marked a huge turnout with a competition rate of 955.01 to 1.Korea Investment & Securities, which is underwriting the IPO, said its received subscription orders of 248.301660 million shares for the 260,000 shares, or 20% of the shar

Wipam, a supplier of RF front end module to Samsung Electronics, has sent filings for an initial public offering (IPO) on KOSDAQ to the Financial Supervisory Service, the company said Wednesday.The company wasn’t limited to supplying goods to wireless handsets and had the potential to expand to dive

South Korean OLED equipment vendor Shindo ENG Lab has finalized its public offering share price ceiling at 16,000 won, the company said Wednesday.Korea Investment & Securities, who is underwriting the public offering, said 1381 institute partook in the demand forecast for 1.04 million shares, or 80%

South Korean equipment maker TSI, which plans to be listed on KOSDAQ, is planning to take part in a Vietnamese battery project, people familiar with the matter told TheElec on Wednesday.It has formed a consortium with compatriot equipment vendor PNT, to increase the chance of winning the order from

Global lighting company Signify has unveiled its research that validates its UV-C light sources ability to inactivate COVID-19, on Tuesday.The company and the National Emerging Infectious Diseases Laboratories (NEIDL) at Boston University in the US have been conducting research to develop tools in t

Samsung Electronic vice chairman Lee Jae-yong has visited the company’s home appliance business at Suwon, south of the capital Seoul, to discuss future strategies, the company said on Tuesday.It is third such visit in June alone for the de facto leader of Samsung Group. Lee met with senior executive

Posco Chemical and Zhejiang Huayou Cobalt will form a joint social fund to assist those living near their plants, the companies said.The two companies will each contribute US$20,000 annually. The funds will be used at each other’s countries every other year, they said.The first funding will go into

Huawei Korea and Korea Artificial Intelligence Association (KORAIA) will help promising local AI start-ups expand abroad, the companies said on Monday.They will also help the digitization of traditional industries and hold joint seminars and conferences on AI.Huawei was working to create an open AI

CEO of South Korean telco KT has shared the success model of the country’s prevention in COVID-19 pandemic with GSMA director general Mats Granryd, the telco said on Monday.KT CEO Koo Hyun-mo, in a conference call on Friday with Granryd, reportely talked about the test, trace and treatment method So

Samsung Electronics vice chairman Lee Jae-yong has visited the conglomerate’s key semiconductor site and stressed the risk ahead for the business, Samsung said on Friday.Lee visited the semiconductor research lab at its Hwaseong plant and met with senior executives there.The vice chairman and the ex

South Korean component maker Optrontec and US 3D sensing company Viavi Solutions has agreed to a licensing agreement in 3D sensing filters, the companies said on Thursday.The agreement will likely end the two’s patent lawsuits which began in March last year in South Korea and the US.Optrontec, and i

OLED equipment maker Shindo ENG Lab has vowed to expand in the Chinese OLED market as it gears up for its initial public offering (IPO) on KOSDAQ next month.CEO Woung-ki Park said the company had unrivaled technologies in banding equipment and dispensers for OLED production, at a press conference in

Samsung Electronics was preparing to apply Time Series DataBase Management System (DBMS) at its smartphone factory in Vietnam, people familiar with matter told TheElec on Tuesday.It will be applied in the second half of the year at earliest, they said.Samsung Electronics’ Global Technology Center (G

LG Display has changed its company goal for the first time in eight years, the South Korean display panel maker said on Tuesday.The new goal will “The Best Display Solution Company”. LG said it reflected the company’s desire to provide customers with the best service, process, system and talent.The

Samsung’s de facto leader has held relay meetings with key executives of its smartphone and semiconductor operations, Samsung Electronics said on Monday.Samsung Electronics vice chairman Lee Jae-yong met with Kim Ki-nam, CEO and vice chairman of Samsung Device Solutions (DS), Jin Gyo-young, presiden

SK Telecom will apply artificial intelligence and cloud to all of its new endeavors even if it causes short-term losses, company CEO says.New services must also be open to more companies in the digital age, SK Telecom CEO Park Jung-ho said at a remote town hall meeting of the company where all emplo

South Korean display equipment vendor Leading Edge Technology (LET) is gearing up to go public.LET CEO Lee Hong-geun said the company will become an equipment vendor that handle front- to back-end display production, at its KOSDAQ IPO conference at Yeouido, on Thursday.LET was formed in 2001 by ex-L

A prestigious display industry show to take place in August will likely be canceled.The 20th International Meeting on Information Display, or IMID 2020, that was scheduled to take place from August 26 to 28 will likely be canceled as companies are minimizing employee activities in light of the COVID

SurplusGLOBAL has broken ground for its planned semiconductor equipment cluster at the city of Yongin, Gyeonggi Province, Thursday.Company CEO Bruce Kim, CEO Kwangha Suh of EQ Global, a subsidiary of SurplusGLOBAL, SEMI Korea president Hyun-Dae Cho and other senior officials of companies and the cit

Merck has integrated its recently acquired US firms into its semiconductor solution unit, it said.Versum Materials and Intermolecular will be integrated to Semiconductor Solutions, which will be under its Performance Materials, the company said.Performance Materials complements what each component c