Solus Advanced Materials will form a join venture with Toyota Tsusho in the US that will manufacture and sell elecfoils used in lithium-ion batteries.The pair will aim to secure a production capacity of 30,000 metric tonnes per year by 2024, Solus said.The South Korean firm said it will collaborate

LG InnoTek has sold its 1,968 patents related to LED technology registered in the US to a Chinese company called Suzhou LEKIN Semiconductor on May 20, according to filings made to the United States Patent and Trademark Office (USPTO).Suzhou, China-based LEKIN Semiconductor was founded in on March 2

Chemtronics has pulled out of its plan to buy Samsung Electro-Mechanics’ Wi-Fi module business.Chemtronics’ subsidiary Witz was originally announced to be acquiring Samsung’s Wi-Fi module business for 105.5 billion won back in January.Chemtronics said it was canceling the deal due to the potential f

Two and a half years after Infintech placed orders to South Korean display equipment makers, the Chinese firm is yet to make the payment it promised.South Korean display equipment firm Top Engineering said on Friday that it has canceled its equipment supply contract with Infintech.This follows compa

Samsung Display and LG Display have begun the production of OLED panels for Apple’s new iPhone launching later this year, TheElec has learned.This is a month faster than for the iPhone 12 last year. Apple launched iPhone 12 later than usual due to problems with procuring components for the phones fr

Camera module maker Haesung Optics will collaborate with medical device firm J& to develop 3D software for healthcare, the pair said on Thursday.The pair will co-develop and the software and sell them, they said.The deal is worth a billion won. Haesung Optics said is aims to expand into the global m

Samsung on Thursday introduced a new mid-power LED package that the company claims has “unsurpassed” light efficacy and color quality.LM301B EVO comes in Samsung’s own flip-chip design and has a luminance efficacy of 235 lumens per watt.The company applied a new reflective material inside the packag

SKC said on Wednesday that it will secure annual copper foil production capacity of over 200,000 metric tonnes by 2025, to meet rising demand from electric car batteries.The company said it has finalized a plan to expand it to 202,000 metric tonnes, but this could be expanded to 250,000 metric tonne

Samsung Display may extend its production of liquid crystal display (LCD) panels up to the end of 2022, TheElec has learned.Samsung Display CEO Choi Joo-sun said the company was reviewing extending the production of large-sized LCD panels to the end of 2022, in an email sent to employees of its larg

Chinese display giant BOE will start the first stage operation of its B12 Gen 6 (1500mm x 1850mm) OLED line at Chongqing in October this year, TheElec has learned.The second and third stages will go live in March and October, respectively, of 2022.Capacity of 16,000 substrates per month will be adde

Shares of Samsung’s lens module supplier Coasia Optics resumed trading on KOSDAQ on Monday.The firm’s shares stopped trading ten months ago after its executives were accused of violating local capital market laws.A review on whether it should be listed was conducted by authorities afterwards.Coasia

Samsung on Monday launched a new smart monitor.The company added a new 43-inch UHD model, called M7, to its existing line-up, it said.Samsung launched the 32-inch UHD model called M7 in December. In the same month, the firm also launched the M5 model which comes in 32-inch and 27-inch sizes and supp

South Korean component suppliers to Samsung’s smartphone business recorded lackluster performances in the first quarter 2021.Sales from the recently launched Galaxy S21 series has already been reflected on their fourth quarter earnings due the models' earlier than usual launch.Smartphone companies s

Samsung is targeting 7 million units in shipment for the two new foldable smartphones it will launch later this year, TheElec has learned.For the Galaxy Z Fold 3, which will support the S Pen, it is aiming for up to 3 million units in shipment, people familiar with the matter said.Samsung is hoping

South Korean equipment makers recorded mixed results in the first quarter of 2021.Fab equipment vendors posted high growth, while display equipment firms underperformed.Fab equipment makers benefited from aggressive spending by semiconductor companies.Semes, Samsung Electronics’ fab equipment subsid

Samsung Display was using AI technology in its development of OLED panels, a company executive said.An AI program that design the molecular structure of the organic materials were being used, Samsung Display vice president Kim Yong-jo said at a seminar at SID Display Week.The program takes only 30 s

LG InnoTek has sold another 78 patents related to wireless charging patents to Ireland-based non-practicing entity Scramoge Technology.The South Korean component maker transferred the ownership of the Korean patents to the NPE on May 17.In February, LG had sold 128 US patents related to wireless cha

Haesung Optics, a secondary supplier to Samsung, will sell its camera module business.The company said it will continue the lens module business, however, though the operation will be now smaller.In the first quarter, Haesung recorded only 700 million won in sales in its camera module business.This

Biolog Device said it has acquired a 58.75% stake in OLED driver IC firm Hivics for 4.48 billion won.Hivics was founded in 2014 and is a fabless firm that designs system semiconductors. It recorded 8.7 billion won in sales last year.The firm also uses TSMC, UMC and MLMC to manufacture application sp

Display kit maker Youngwoo DSP recorded 40.9 billion won in sales and 6.3 billion won in operating income in the first quarter.It is an increase of 81% and 1220%, respectively, from a year prio.The company said it saw high demand for its display equipment, especially China.Earnings from display insp