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

China’s ChangXin Memory Technologies and other DRAM companies in Greater China are expected to see exponential growth in the coming years despite US sanctions against China, a South Korean professor said.This growth will be substantial enough to threaten the three-way dominance of the DRAM industry

Aluminum parts maker Almac said on Tuesday it has 1.5 trillion won worth of remaining orders.The orders from automobile and battery companies are enough to provide Almac with revenues up to 2030, Almac Executive Director Junpyo Park told a press conference as the company prepares to list on the Sout

Samsung said Wednesday that it will hold its Galaxy Unpacked event in Seoul, South Korea in late July.The event that will unveil its newest foldable smartphones will be held at COEX and is expected to take place on July 27.It is the first time that Samsung is holding an Unpacked event, where it unve

Display equipment maker Charm Engineering has won its patent lawsuit against Enjet after three years of legal back and forths.Earlier this month, the Supreme Court denied the two appeals made by Enjet against Charm Engineering.Enjet had filed appeals against two Patent Court decisions that invalidat

Nextin’s latest equipment aimed at use in extreme ultraviolet (EUV) process in semiconductor production is expected to be supplied to a customer later this year, TheElec has learned.The new equipment, called ResQ, will begin testing at a potential customer’s production line this month, sources said.

Telecommunication equipment maker Eluon’s goal ahead was to supply quality telecommunication equipment that is cheaper but better than those made by Huawei, Eluon president Lee Young-sun told TheElec.Its equipment has already been verified by use of them by South Korean telcos, Lee said in an interv

Samsung Display is planning to apply its hybrid OLED technology in automotive display panels, TheElec has learned.The South Korean display panel so far only supplied rigid OLED panels for its automobile customers.The hybrid OLED panel is a step up from rigid OLED panels in that while it uses glass s

Hanwha Solution is planning to complete the construction of its OLED fine metal mask (FMM) factory being built at Asan within the year.However, the company is yet to secure a customer, sources said.FMM is used to form the red, green and blue subpixels of an OLED panel. Japan’s Dai Nippon Printing is

LG Energy Solution has formed a new team dedicated to developing 4680 batteries, a standard widely used by electric vehicle giant Tesla.The team is called New Form Factor Task and is based at the South Korean company’s plant in Ochang, South Korea.The NFF Task is led by vice president Ryu Deok-hyun

A-Pro said on Monday that it recorded 60.1 billion won in revenue and 8.2 billion won in operating profit.Revenue jumped 195.6% from a year ago while operating profit turned to the black from a year ago.A-Pro currently has over 140 billion won of remaining orders for battery equipment; the company w

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

A cloud hangs over the profitability of Gen 8 OLED. This is because Apple’s revenues from MacBooks are dropping, a key product that would use the OLED panels made by display panel maker’s Gen 8 OLED production lines.The iPhone maker’s revenue from MacBooks was US$7.168 billion during its fiscal seco

South Korean chemical firm YCChem is planning to start production thinner and developed used with the metal oxide photoresist for extreme ultraviolet (EUV) process in the second half of the year, TheElec has learned.However, the company didn’t develop the thinner and developer on its own but will ra

Battery equipment maker Avaco is expected to begin supplying its new roll press equipment to LG Energy Solution within the year, TheElec has learned.Roll press equipment is used during the electrode process in battery production to form positive and negative tabs.Avaco’s equipment is used to form th

Samsung is reviewing a plan to launch its new foldable phones two to three weeks earlier than initially planned, TheElec has learned.The tech giant is currently planning to launch Galaxy Z Fold 5 and Galaxy Z Flip 5 smartphones in the second week of August through an Unpacked event.But the company i

Those in the South Korean display equipment industry told TheElec that they are skeptical of Chinese display panel maker HKC’s plan to invest in OLED display panels.Senior executives of HKC has been paying visits to South Korea for months recently and offering to order equipment to domestic equipmen

LG Energy Solution and Toyota are expected to finalize their collaboration on supplying electric car batteries in the US.The South Korean battery maker already has a battery joint venture with another Japanese automobile giant Honda.Sources said if LG Energy Solution takes a similar route with Toyot

TCK is expected to widen its patent lawsuit over silicon carbide (SiC) rings to multiple companies.Park Gwang-jae, an executive vice president at TCK, or Tokai Carbon Korea, told an audience during a local conference held at Yeouido on Wednesday that there were companies that were high likely to be

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