LG Energy Solution, together with General Motors, is planning to build a third battery factory in the US with a capacity of 50GWh.The pair’s joint venture, Ultium Cells, will spend US$2.6 billion on the project, which is expected to be completed during the second half of 2024.Ultium Cells is current

US glass firm Corning said on Tuesday that it has launched a new glass composition for applications in augmented and mixed reality wearable devices.2.0 high-index glass enables a wider field of view and enhanced optical clarity, the company said.The field of view for one piece of glass is 30 degrees

AI Korea said it has secured 7 billion won in its pre-IPO funding round from institutional investors.The company began manufacturing battery production in 2014.It supplies central electrolyte supply systems to LG Energy Solution’s factory in Poland.It also supplies kits to SK On and Samsung SDI.AI K

Samsung Display unveiled its quantum dot (QD) organic light emitting diode (OLED) panels for the first time at CES 2022.The company showcased three versions of QD-OLED at a private booth __ 55-inch and 65-inch models for TVs and a 34-inch model for monitors, which has a response time of 0.1ms, accor

SK Gen Centric and Tokuyama said on Wednesday that the pair will form a joint venture to produce isopropyl alcohol (IPA).IPA used in wafer fabrication and the production of liquid crystal display as a cleaner.The pair will invest 120 billion won for a 50/50 share of the joint venture, which will bui

Chinese battery giant CATL maintained its dominant position in the electric vehicle (EV) battery market from January to November this year, according to analyst firm SNE Research.The company held a 31.8% market share during the time period __ over ten points ahead of South Korea’s LG Energy Solution

FST will begin producing its first extreme ultraviolet (EUV) pellicles in 2023, a company executive said on Wednesday.FST executive vice president Choi Jae-hyouk also said during the 2021 Semiconductor EUV Ecosystem Big Trend Relay Conference hosted by TheElec that the fab equipment and material mak

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’

New Samsung Electro-Mechanics CEO Chang Duck-hyun visited the company’s facility in Busan, his first official move as CEO of the component arm of Samsung.The facility and Busan manufacture multi layer ceramic capacitors (MLCC) and flip-chip ball grid arrays (FC-BGA), two key products for the company

SK On said on Friday that it has named SK Group vice chairman Chey Jae-won as an independent CEO and inside director of the company.SK On was previously the battery unit of SK Innovation, which it split off from in October.Chey, who is the younger brother of SK Group chairman Chey Tae-won, will join

AP Systems said that its accumulated sales up to the third quarter this year from fab equipment increased 60% year-on-year.The South Korean display kit maker said it has recorded 55.9 billion won in sales from fab equipment up to the third quarter, or 16% of its total.The latest figure is its highes

The market for OLED materials used in mobile and TV products is expected to be worth US$1.74 billion this year, according to analyst firm UBI Research.This market will grow 9% per year on average up to 2025 when it will be worth US$2.29 billion, the firm said.OLED materials used in tablets and noteb

Samsung SDI said on Tuesday that it has named Yunho Choi, previously the head of Samsung Electronics’ Management Support Department, as its new CEO.Current CEO Jun Young-hyun will be promoted to vice chairman and oversee the company’s ESG efforts.New CEO Choi joined Samsung Electronics 1987 and had

Samsung Electronics on Tuesday announced that it would be combining its mobile and consumer electronic divisions.The merged division will be called Set Division and led by Han Jong-hee, who previously headed Samsung’s Visual Display business unit, which manufacturers TVs, being promoted to vice chai

Qualcomm CEO Cristiano Amon said on Thursday that the global chip shortage was easing and the situation is expected to improve next year.Supply has improved this year over 2020 and the situation is expected to improve even more in 2022, especially compared to 2020, Amon told reports from South Korea

Posco Chemical has completed a new synthetic graphite anode factory at Pohang.It is the first such factory in South Korea, which the company spent 230.7 billion won to build.The factory will be expanded up to 2023 to produce 16,000 metric tonnes of anode a year.The latest completion has secured Posc

Qualcomm confirmed on Wednesday that it was solely using Samsung Foundry to manufacture its new Snapdragon 8 Gen 1 processor.Qualcomm CEO Cristiano Amon confirmed that it was using the South Korean tech giant’s 4-nanometer (nm) process node to manufacture its latest chip when asked during a Q and A

Posco Chemical said on Thursday that it plans to form a joint venture with General Motors which will construct a large battery cathode factory in the US.The factory will start production of high-nickel cathodes in 2024 that will be supplied to Ultium Cells, the battery-making joint venture between G

Qualcomm on Tuesday unveiled its new premium application processor dubbed Snapdragon 8 Gen 1.The new chip marks a name change as the US chip giant previously called its premium APs Snapdragon 8xx.Qualcomm was already supplying the new processor to major smartphones makers that will likely unveil new

Battery copper foil maker Iljin Materials said on Tuesday that it has received 1.15 trillion won in funding which it will spend to expand the production capacities of its overseas factories.It subsidiaries IME and IMG have received equity investments worth 600 billion won and 400 billion won, respec