Samsung is expecting its annual operating profit from semiconductor sales in 2023 to be around 13.1 trillion won, TheElec has learned.This figure was shared with its employees in a note sent to employees on Wednesday explaining their expected bonus payment amounts to be paid in January from their pe

LG Electronics may launch a transparent OLED TV in 2024 at the earliest, TheElec has learned.LG Display had pitched the idea to the electronics maker earlier this year; but such a model is not slated to launch in 2023, sources said.This is likely due to the demand for consumer electronics such as TV

SK On is planning to develop an electric vehicle (EV) battery that doesn’t use cobalt, TheElec has learned.Cobalt is considered a conflict mineral and is more expensive than other materials used in batteries such as nickel and manganese.SK On is aiming to develop the battery within three years and i

Samsung is planning to launch an X-ray machine with 3D time of flight (ToF) image sensor technology next year, TheElec has learned.The image sensor, the core of the ToF module, will be manufactured by Sony.The machine will launch sometime during the first half of next year and Samsung is expected to

LG Innotek said on Thursday that it will show off its high-magnification optical consecutive zoom camera module, more commonly known as folded zoom camera, at CES next year.The module uses a prism to bend the light that the sensor absorbs. This allows the module to become thinner __ avoiding the cam

Samsung has drastically reduced its shipment target for its mid-tier smartphone Galaxy A23 5G this year, TheElec has learned.The Korean electronics maker originally planned to ship 12.6 million units but this has been dropped to below 4 million units __ a 70% drop.Earlier this year, Samsung had set

Samsung Display has changed its priority in the development of Gen 8 IT OLED panels, TheElec has learned.The South Korean company is planning to postpone investments into full-cut, vertical deposition method it had been co-developing for over a year with Japan’s Ulvac.Samsung Display will instead st

The cost of the new fab Samsung is building in South Korea has increased significantly since the third quarter due to global inflation, TheElec has learned.The cost of building additional facilities and its P3 fab at Pyeongtaek has increased by over 1 trillion won.Samsung C&T, Samsung Engineering, a

BlueOval SK, the battery joint venture between SK On and Ford, is facing difficulty in finalizing equipment orders as suppliers are offering their kits at higher prices than the battery maker wants, TheElec has learned.BlueOval SK had begun placing orders in mid-November but every week there has bee

APS Holdings said on Tuesday that it has developed an OLED on silicon (OLEDoS) with a resolution of 3000pixels per inch (ppi).The company developed an OLEDoS in 1000ppi earlier this year.OLEDoS deposits OLED on a silicon wafer and are being developed for use in augmented and virtual reality devices.

LG Energy Solution is aiming to have its suppliers burden the cost when the company faces problems such as battery fires, TheElec has learned.As an incentive for the suppliers, South Korean battery maker is offering long-term contracts to companies that agree to the term.These contracts also include

Chip gas firm TEMC has won Samsung as a customer for its neon gas, which is used in chip production, TheElec has learned.Neon gas prices have skyrocketed since Russia’s invasion of Ukraine started.TEMC succeeded in producing the rare gas on its own, allowing Samsung to add them as their supplier tim

Investment in fabless chip companies that design semiconductors continue to drop in South Korea.TheElec talked to multiple sources in the country’s fabless scene __ all voiced their concern that spending in the sector by funds is drying up.A CEO of a local fabless chip firm said that the investment

Samsung’s Mobile Experience (MX) Business has formed an application processor (AP) solution development team within the business, TheElec has learned.The team will be led by executive vice president Choi Won-joon, who was also named the head of MX Development during Samsung’s annual reorganization e

Volkswagen will concentrate on producing battery cells at its factories that will be constructed in Europe while also developing CATL’s cell to pack (CTP) technology.Soonho Ahn, the CTO at Volkswagen’s battery cell subsidiary PowerCo, said as much during a job conference to hire South Korean battery

Telecommunication equipment maker RFHIC is taking part in a consortium between South Korea and the United Kingdom to research 5G Open RAN technologies.Open RAN seeks to use an open standard for the interface and software used in wireless base stations.Previously, software and hardware used in base s

Samsung has begun construction of its new chip foundry fab in Taylor, Texas, TheElec has learned.The tech giant has placed orders for the equipment it needs to build the cleanroom.Samsung has placed orders for the system ceiling material, outdoor air conditioning, and other equipment that it will in

Prices of quartz used in the production of computer chips are expected to increase again, TheElec has learned.Their prices already increased during the earlier part of the year but are expected to increase another 10%.This is because of the increase in raw material prices as well as the unfavorable

Samsung transferred 98 patents it has in the US to Huawei last month, TheElec has learned.Combined with the 81 patents it handed over in 2019 to the Chinese company the Korean firm has given Huawei 179 patents in total so far.The pair had signed a cross-licensing agreement in 2019 to end their paten

LG Display is planning to halt production of liquid crystal display (LCD) panels for TVs in South Korea this month, TheElec has learned.The P7 factory at the company’s facility in Paju, which is responsible for the panels’ production, will halt production within December.The nearby P8 will continue