SK hynix, the world’s second-largest memory chipmaker, on Monday denied Japanese reports that the Korean government pressured the company to support the merger of its rival chipmakers, Western Digital and Kioxia Holdings. Japanese news outlets, including Asahi Shimbun, citing unidentified sources, reported that Western Digital of the US and Kioxia of Japan, the world’s No. 3 and 4 memory chipmakers, are resuming their merger talks in April. In the deal process, they added, SK hynix,

Industry March 5, 2024

LG Display confirmed Monday that it is issuing new shares to raise 1.29 trillion won ($970 million) to bolster investments in OLED displays for smartphones and other mobile gadgets while improving its financial stability. The move comes as the display maker has recently recovered from operating losses. In a regulatory filing earlier in the day, the company said it is issuing new shares at 9,090 won apiece, which is lower than the 10,070 won fixed in the previous capital increase in January. The

Industry March 4, 2024

Following the high-profile visit of Meta CEO Mark Zuckerberg this week, stocks related to advanced technologies including artificial intelligence, augmented reality and display panels are gaining attention. In a report on Friday, Korea Investment and Securities suggested eight stocks, including Samsung Electronics and LG Electronics, that would benefit from Zuckerberg's visit to Seoul. Traveling to Korea for the first time in about a decade, Zuckerberg met with President Yoon Suk Yeol and b

Industry March 1, 2024

As Samsung Electronics is expected to roll out its new Galaxy A series this month, anticipation is growing on whether the mid-range smartphone models will feature the tech giant’s latest artificial intelligence features. According to industry sources on Friday, the leading smartphone maker is expected to roll out the Galaxy A35 and A55 smartphones that support 5G connection. Amid growing attention, tipsters are even predicting the launch date as March 11. SamMobile, a leading source for Sa

Industry March 1, 2024

Earlier this week, Apple announced that it will ditch its decade-long car project, saying more resources will be poured into artificial intelligence in the future. An Apple-made car had long been a buzzword across industries. Carmakers had braced for a direct threat, while tech rivals had started working on their own car projects. But Tuesday’s surprise announcement was a reality check moment not just for the iPhone maker but also for the whole tech industry: Making a car proved too diffic

Industry Feb. 29, 2024

SK Telecom said Wednesday it had teamed up with Iceotope Technologies, a precision liquid cooling firm in Britain, and its sister firm SK Enmove to develop a liquid cooling solution with high energy efficiency for artificial intelligence data centers. The leading mobile carrier in Korea said it has signed a partnership agreement with Iceotope and SK Enmove, a base oil and lubricants provider affiliated to SK Group to come up with a data center air conditioning and cooling system to cut large pow

Industry Feb. 28, 2024

Samsung Electronics said Tuesday it has developed HBM3E 12H, the industry’s first 12-stack HBM3E DRAM and the highest-capacity HBM product to date, going one step further than its rivals in the burgeoning artificial intelligence chip market. The world's largest memory chip maker said it has begun providing samples of HBM3E 12H to customers, and mass production is slated for the first half of this year. “The industry’s AI service providers are increasingly requiring HBM wit

Industry Feb. 27, 2024

Mark Zuckerberg, CEO of Meta, formerly Facebook, is expected to meet with LG Electronics CEO Cho Joo-wan to discuss joint development of an advanced mixed reality headset, according to industry sources on Monday. LG Electronics said it is currently arranging a meeting of the two leaders, as Zuckerberg is planned to visit Seoul this week. "We are currently arranging the meeting, but nothing has been decided yet," an LG official said. While details of his trip is unknown, the most likely

Industry Feb. 26, 2024

Less than a month has passed since the high-profile debut of Apple Vision Pro, the most advanced augmented reality headset in the market. Despite mixed reviews, Apple's rivals seem keen to make a similar entry into the brand-new segment. Dazzling demonstrations of the Apple Vision Pro made it look like a game changer, allowing the user to pop up their computer screens in the air, and control it with their fingertips and by moving their eyes around. But some users have been seen returning th

Industry Feb. 23, 2024

Korean TV makers Samsung Electronics and LG Electronics cemented their leadership in the global premium TV market in 2023, but they have been warned to gear up for Chinese rivals flooding the market with cheaper products. In the premium sector for TVs priced at higher than $2,500, Korean manufacturers saw notable growth, together taking 79.6 percent of the market share by revenue, according to market tracker Omdia on Thursday. Holding an edge in manufacturing technology for the higher-end TVs, t

Industry Feb. 22, 2024

Samsung Foundry, Samsung Electronics' chip manufacturing arm, is teaming up with the UK's Arm to adopt the firm's design assets for Samsung's most advanced chip-making process technology, Gate-All-Around, which aims to boost the company's edge in the global AI chip sector. Samsung Foundry announced Wednesday that it will deliver the next generation Arm Cortex™-X CPU optimized on its cutting-edge Gaa process technology. The collaboration between the two companies is

Industry Feb. 21, 2024

More than a year has passed since Samsung Electronics Chairman Lee Jae-yong ascended to the company's top seat in 2022, but his board membership continues to hang in the balance amid an ongoing legal dispute. Samsung Electronics held a board of directors meeting Tuesday and fixed the date of the upcoming general shareholders meetings for March 20. During the meeting, the members also appointed Shin Je-yoon, former Financial Services Commission chairman, and Cho Hye-kyung, an applied artific

Industry Feb. 20, 2024

Samsung Display on Monday said its foldable panel for smartphones has passed the US military’s material durability test, proving its strength in withstanding the harsh conditions of operational and combat zones. According to the display maker, its 7-inch foldable panel used in the latest foldable smartphones passed the MIL-STD 810G test, which is the US Department of Defense's military standard. First developed as a certification for equipment and materials for military applications,

Industry Feb. 19, 2024

Korea’s leading telecommunication firms are to showcase their latest artificial intelligence technologies and services at the upcoming MWC Barcelona 2024, the world’s largest connectivity show slated for next week in Spain. The country’s top two mobile carriers SK Telecom and KT revealed their plans Sunday to set up showrooms at this year's event running from Feb. 26 to 29, with exhibitions mainly focused on AI and next-generation 5G and 6G connectivity. LG Uplus, Korea�

Industry Feb. 18, 2024

A tense faceoff between shareholders and Samsung C&T management is expected, as five foreign activist funds have teamed up to demand the Korean firm return its profit to shareholders through dividends and a share buyback program that would amount to some 1.2 trillion won ($900 million). In a regulatory filing on Thursday, Samsung C&T reported it has submitted the proposal made by the five activist funds, which includes City of London Investment, for a vote at the upcoming regular shareholders me

Industry Feb. 15, 2024