LG Group had refused to hand over its chip development team to LX Group, which had split off from the former last year, TheElec has learned.LX Semicon, formerly called Silicon Works, had made a request during the second half of 2021 to LG Electronics to transfer its personnel and asset under the Sys

LG Electronics said it has recorded 74.72 trillion won in revenue and 3.86 trillion won in operating income for the entire year of 2021.The revenue figure is its highest to date, which the South Korean electronic maker credited to high sales of premium home appliances.Revenue increased 28.7% from 20

Samsung will unveil new TV models that use LG Display’s white(W)-OLED panels in June at the earliest, TheElec has learned.The South Korean tech giant initially planned to launch the TVs in May.But after the year-end reshuffle last year, Samsung had decided to reevaluate the contract it has signed wi

LG Energy Solution is planning to apply the Z-stacking method into its battery productions, TheElec has learned.Stacking during battery production is when the cathode, anode, separator and other material materials are stacked on top of each other. It is part of the assembly process in battery produc

LG Electronics’ TV boss said on Tuesday that the company would “welcome” Samsung joining the OLED TV market.Park Hyoung-sei, head of home entertainment at LG Electronics, said if Samsung Electronics joins the OLED TV market, it will impact the expansion of the ecosystem "positively."Park also stress

Yunsung F&C has won a turn-key order to supply mixing equipment from Ultium Cells, the battery making joint venture between LG Energy Solution and General Motors, TheElec has learned.The South Korean equipment had previously won an order to supply one unit of mixing equipment.But Yunsung F&C now won

Samsung Electronics and LG Display’s negotiations over the price of TV OLED panels that the latter will supply are hitting a snag due to the parties failing to agree on an appropriate unit price, TheElec has learned.According to sources, LG Display has offered to supply the panels at a price lower t

LG Energy Solution has formed a digital office under the direct supervision of new CEO Kwon Young-soo, TheElec has learned.It is also remodeling the CEO office and employee lounge to better communicate between employees, sources said.LG Energy Solution is yet to name a new chief digital officer (CDO

LG Display is planning to apply its new technology on its OLED panels for TV to increase their luminance by 30% during the second quarter next year, when mass production will begin, the company said at a press conference on Wednesday.The technology, called OLED.EX, uses deuterium, one of two stable

Smartphone glass firm Ryuk-Il C&S said on Tuesday that it has acquired chemical firm C&A for 1.8 billion won.Ryuk-Il C&S has been looking for new business opportunities since its customer LG Electronics’ exit of their smartphones business in April.LG Electronics had accounted for 80% of Ryuk-Il C&S’

Inkjet printing firm Unijet has supplied inkjet equipment for microOLED to China’s Sidtek, TheElec has learned.The equipment will be used by the Chinese company in its production of microOLED displays.The South Korean company had supplied inkjet equipment for thin-film encapsulation (TFE) for MicroO

Samsung on Tuesday unveiled three new logic chips aimed at automobiles.Exynos Auto T5123, Exynos Auto V7 and S2VPS01 are modem chip, processor infotainment and power management IC, respectively.The modem chip supports 5G telecommunication, which is first for such a chip aimed at automobiles, Samsung

Qualcomm said on Tuesday that it has appointed Kwon Oh-hyung as its senior vice president and president of APAC.The South Korean national will oversee the entire APAC region outside of China and India, The US chip giant said.Kwon will report to Qualcomm senior vice president of global operations Jim

The US and China's trade row is continuing. Five years have passed since the inauguration of the Trump Administration that started the row but the two superpowers' economic competition isn't relenting even in the Biden era.The US-China trade row will undoubtedly affect South Korea's semiconductor bu

LG Electronics said on Thursday that it has recorded 18.78 trillion won in revenue and 540.7 billion won in operating profit during the third quarter.Sales is its highest for a quarter ever and an increase of 22% from the same time period in 2020.Operating profit dropped 49.6% year-on-year from its

LG Chem said on Wednesday that it plans to form a joint venture with Japan’s Toray to build a battery separator factory in Hungary.The pair have agreed to form LG Toray Hungary Battery Separator Kft, with each owning half of the stakes of the new company.LG Chem will acquire 20% more stake from Tora

The vice chairman of LG Corp, the holding company of the LG business group, will become the new CEO of LG Energy Solution.LG vice chairman Kwon Young-soo will take the top job of the South Korean battery maker after votes from shareholders and the board.Kwon had previous headed the battery business

Partron was supplying the camera modules for the around view monitor on the digital side mirror of Hyundai Motor’s GV60 which launched earlier this month.A Partron spokesperson said the company also plans to collaborate with Hyundai Mobis, the component arm of Hyundai Motor, to supply the infrared c

LG Electronics said on Tuesday in its earnings guidance that it is expecting sales of 18.78 trillion won and operating income of 540.7 billion won for the third quarter this year.Sales increased by 22% from a year ago and is its highest quarterly figure to date.However, operating profit dropped 49.6

LG Energy Solution said on Tuesday that it has restarted procedures for an IPO after settling the cost of the recall of Chevrolet Bolt EV with General Motors.The South Korean battery maker had started the procedure back in June but halted it from the US carmaker announcing an additional recall of th