LG Innotek said on Monday that it will spend 1.3 trillion won at its facility in Haiphong, Vietnam to build an additional camera module production line.The funds will be spent up to December 2025. The City of Haiphong will install additional electrical substations and offer tax benefits to the facil

Accelerator RedElec, which specializes in semiconductors, batteries, and displays, said on Thursday that it has formed its first venture investment association worth 2.5 billion won.The association, called RedElec Battery First Investment Association, will become the initial investor of promising st

Inkjet printing solution firm Enjet’s earnings this year will again be determined by Samsung and Samsung Display.Enjet, which listed on Kosdaq last year, is aiming for an annual revenue of 44.8 billion won and an operating profit of 18.2 billion won, sources said.These goals are higher by 2 times an

HB Technology will be supplying automated optical inspection (AOI) and repair equipment to glass substrate maker Absolics, a subsidiary of SKC, TheElec has learned.It is a new revenue source for HB Technology, which never supplied inspection equipment for glass substrates for chip packaging before.I

BGF Ecomaterials said on Thursday that it has acquired semiconductor gas company KNW.It will acquire 42.76% stock in KNW for 63.5 billion won. At a later date, through a share offering, it will acquire an additional 3.92 million shares for 50 billion won to gain a total of 56.7% stock in KNW.KNW was

Battery equipment maker Hana Technology has signed a strategic collaboration agreement with its Chinese counterpart SINVO, TheElec has learned.Shenzhen-based SINVO was founded in 2006 and has so far supplied battery production equipment for small batteries.It has supplied its equipment to battery ma

Tokyo Electron is expected to install the demo version of its new hybrid oxide etcher at a place designated by Samsung Electronics’ chip research group, Semiconductor Research & Development, TheElec has learned.The fab equipment maker’s new product is called hybrid because it uses the traditional RF

OLED firm eMagin said on Wednesday that it will merge with Samsung Display for US$218 million.Samsung Display will acquire eMagin’s stock for US$2.08 per share, which reflects a 10% premium to eMagin’s closing share price on Tuesday of US$1.89.The South Korean display panel maker will secure RGB OLE

BOE chairman Chen Yanshun didn’t make a visit to Samsung, a key customer of the Chinese display panel maker, during his visit to South Korea in April, TheElec has learned.It is extremely rare for a high-level company executive of a component maker to not make a visit to a customer during a foreign t

On March 2, multiple automotive chip companies saw their share price drop on the New York Stock Exchange. STMicroelectronics and Wolfspeed saw their prices drop 2.43% and 6.98%, receptively. The cause was Tesla, which announced on the prior day that it plans to substantially reduce the number of sil

Samsung has ordered its TV and smartphone businesses to find a solution to improve their earnings, TheElec has learned.Samsung reported 63.75 trillion won in revenue and 640 billion won in operating income for the first quarter, a drop of 18% and 95%, respectively, from the same time period a year a

Apple has recently approved the use of a Gen 8 OLED deposition machine developed by Sunic System, TheElec has learned.The iPhone maker had previously wanted the South Korean display panel makers to use a machine developed by Japan’s Canon Tokki.Sources said however Apple’s approval wasn’t an active

The global CMOS image sensor market contracted for the first time in seven years last year due to low demand for electronics and IT devices, according to Japanese analyst firm Techno Systems Research (TSR).Sony, the undisputed leader in the sector, saw its market share increase during this drop whil

Samsung SDI was collaborating with two Chinese companies to develop new stacking equipment used in battery production, TheElec has learned.There were two other South Korean companies that were also bidding for the project but they lost out to their Chinese competitors, sources said.Stacking is alrea

LG Display has begun developing a new etching technology for OLED panels that will be supplied to Apple, TheElec has learned.The technology is being prepared by the company to launch a so-called hybrid OLED panel, which uses a glass substrate like a rigid OLED panel but uses thin-film encapsulation

Samsung Electronics and LG Display have resumed their negotiations for a possible white OLED (W-OLED) supply deal, TheElec has learned.The pair are discussing LG Display potentially supplying somewhere between 200,000 to 300,000 units of W-OLED panels as the initial stock, sources said.If LG Display

Japan’s Idemitsu Kosan said on Tuesday that its new research center in Osan, South Korea won’t be affected by diplomatic or security issues.Idemitsu is a supplier of blue OLED material and electron transport layer to Samsung Display and LG Display for OLED panels.The Japanese company formed the rese

Chinese display panel makers monopolizing the liquid crystal display (LCD) market will in the long run threaten the TV businesses of Samsung and LG, according to UBI Research CEO Choong Hoon Yi.Yi told TheElec in an interview on Tuesday that while many see the dominance of Chinese companies in the L

South Korean analog chipmaker RFsemi has been sold to Chinese electronics maker Jinping Electronics.RFsemi said on Monday that its largest shareholder will be changed from ex-CEO Lee Jin-hyo to Jinping Electronics.The Chinese company will acquire 20 billion won worth of new shares to be issued on Ma

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