Atomic force microscopy (AFM) company Park Systems is aiming to increase its revenue by 30% this year.Park Systems director Cho Sang-joon told TheElec that the company expects the goal will be met despite the downturn of the chip market.Last year the company recorded 122.1 billion won in revenue and

Hanwha Momentum, the battery equipment-making subsidiary of Hanwha Corporation, was asked by SK On to make compensations for the fire that happened at the latter’s battery factory in the US, TheElec has learned.The fire at SK On’s factory in the US started at the formation process part of the produc

EUV equipment maker ESOL will launch a prototype of its second-generation EUV equipment this year, CEO Kim Byung-gook told TheElec in an interview.Kim said the company last year secured 35 billion won in funding and most of it will be going into research and development.ESOL has launched four produc

Dongjin Semichem is developing two new EUV photoresists, one inorganic and another dry.The company was developing the inorganic EUV PR and dry EUV PR with a major customer, sources said.Last year, the company already launched an organic EUV PR.The new ones are being developed for application in more

Chip production equipment maker Nextin is aiming to double its share in the global market for dark field inspection equipment.Nextin CEO Park Tae-hoon told TheElec on Wednesday that it was aiming to increase its share to 10% this year from last year’s 5%.This is despite the current downturn of the g

OLED material company Lordin has registered a patent related to blue OLED that has four times the luminance efficiency than previously.Lordin CEO Oh Hyoung-yun told TheElec on Wednesday that the technology on the patent was differentiated from those in the US and Japan.The company was aiming to comm

Chip and display panel component maker TSI was close to commercializing probe cards for DRAM chips, TheElec has learned.It was conducting quality tests with two main customers for the cards that will be finished within the first quarter, sources said.It had already completed a quality test with anot

The CEO of Chinese display giant BOE is visiting Japan for a meeting with those at display production equipment maker Canon Tokki, TheElec has learned.The visit by BOE CEO Gao Wenbao is expected to be made around the middle of the month, sources said.His visit is likely being made to secure earlier

The adoption of DDR5 used in server DRAM is expected to be slower than thought this year, according to analyst firm Omdia.Omdia said it expected DDR5 to account for 28% of the server DRAM market but has now adjusted this to 13%.The analyst firm said this was because the recovery of the server DRAM m

Dry vacuum pump firm Lot Vacuum is conducting quality tests for its equipment with two global chip companies, TheElec has learned.One is an overseas foundry company and another is a memory chipmaker.These quality tests started last year and Lot Vacuum is expected to win the companies and customers t

Hanwha Momentum has won an equipment deal likely worth over 100 billion won from Sweden’s Northvolt for use in commercial battery production, TheElec has learned.The Korean equipment maker had attempted to win orders for electrode equipment from the battery maker in the past.But it had always lost t

Inspection equipment maker TSI Korea has supplied its dual DDI bump pattern inspection equipment to LB Lusem.TSI Korea CEO Lee Chul-hee told TheElec that this means it has supplied its equipment to the top two South Korean DDI chip on film makers, the other being STECO, which it began supplying in 2

EcoPro BM is planning to double its spending on facilities this year to increase its production capacity for battery cathodes.The company said on Friday in its earnings call for the fourth quarter that, for the entire year of 2022, it recorded 5.35 trillion won in revenue and 382.5 billion won in op

The shipment growth of MiniLED panels is expected to grow up to 2024 but essentially halt from 2025 onward.This is because Apple will be applying OLED panels instead of MiniLED panels for its tablets and then subsequently notebooks, according to analyst firm Display Supply Chain Consultants.MiniLED

Dry vacuum pump company Lot Vacuum is aiming for an annual revenue of 250 billion won this year from its solar panel business.Company vice chairman Kim Ho-sik told TheElec that it is expecting double the sales from 2022 from the business, which is showing high growth.Kim, an expert in production equ

LG Chem, the parent company of South Korean battery maker LG Energy Solution, is aiming to launch a single crystal cathode within the year.LG Chem cathode development team leader Jeong Myung-gi said this cathode will be based on a mixture of nickel, cobalt, manganese, and aluminum.Making these vario

Samsung is planning to launch a 77-inch OLED TV and a 49-inch OLED monitor during the first quarter of this year, TheElec has learned. These additions mean Samsung will have a total of 3 models of OLED TVs and 2 models of OLED monitors this year. The tech giant already offers 55-inch and 65-inch OLE

Samsung won’t spend fewer wafers or halt production lines in its chip production despite the recent downturn of the global memory chip market, the company said on Tuesday.The company’s chip business reported an operating income of 270 billion won for the fourth quarter of 2022, its lowest in ten yea

The market for chillers used in semiconductor production is expected to change racially in the next two to three years.This is because the world’s largest coolant producer 3M has announced that it will end production by 2025 from environmental regulations.Chillers are used to absorb heat inside cham

Silicon carbide (SiC) firm Arche said on Monday that it plans to start mass production of SiC epiwafers this year.SiC epiwafer, or epitaxial wafer, is used in the production of power management ICs.Arche was founded in 2014 with the aim to supply the wafer to chipmakers and last year secured 10 bill