Samsung Electronics, the world’s largest memory chip maker, has forged a partnership with Groq, a US-based artificial intelligence inference systems provider, securing the first chip order for its semiconductor fab currently in construction in Texas. Groq revealed in a press release on Monday (US time) that it has established ties with Samsung Foundry to be its “next-gen silicon partner,” saying the collaboration will support the company’s growth to consistently “ou

Industry Aug. 16, 2023

Samsung Electronics sold a portion of its stakes in Dutch chip equipment maker ASML and secured 3 trillion won ($2.24 billion) in cash, the company reported in its semi-annual report Monday. In the report, the world’s No. 1 memory chipmaker reported that it held 2.75 million shares in ASML stocks, equivalent to 0.7 percent, at the end of June, down from the 1.6 percent or 6.29 million shares from the end of March this year. In selling its shares, Samsung appears to have secured significant

Industry Aug. 16, 2023

Moving forward from South Korea's dynamic seven decades, The Korea Herald identifies the seven most crucial challenges the nation must overcome for a sustainable and prosperous future. – Ed. Climate crisis becomes irreversible reality Climate change has long been considered a future disaster rather than a present threat by many Koreans. However, it has now become a largely irreversible reality, manifesting as a series of extreme weather events that significantly affect people'

Social Affairs Aug. 13, 2023

Nvidia’s newest AI chip utilizing the world’s first HBM3e processor is expected to boost growth for SK hynix and Samsung Electronics, the two chipmakers dominating the still-nascent High Bandwidth Memory market. Nvidia, a leading producer of GPUs based in the US, unveiled Tuesday its next-generation NVIDIA GH200 Grace Hopper platform at this year's SIGGRAPH Conference, an annual event on computer graphics, held from Sunday to Thursday in the US. The latest chip has been built

Industry Aug. 10, 2023

SK hynix, the world’s second-largest memory chip maker, unveiled samples of the world’s first 321-layer NAND and next-generation memory solutions for AI demand at a global industry conference in the US on Wednesday. At the Flash Memory Summit, the world’s biggest annual conference for the NAND flash industry running from Tuesday to Thursday, SK hynix showcased its latest NAND flash chips and made public the progress on its development of the industry’s first NAND with mor

Industry Aug. 9, 2023

Naver, South Korea’s largest online portal, logged a record quarterly operating profit in the April-June period, backed by its strong performance in commerce, financial technology and content, the company said Friday. In a regulatory filing, the internet giant reported its sales posted 2.4 trillion won ($1.83 billion) in the second quarter this year, increasing 17.7 percent on-year and 5.6 percent compared to the previous quarter. The company’s operating profit stood at 372.7 billion

Industry Aug. 4, 2023

LG Electronics said Thursday it has forged a strategic alliance with Clearbrook, a global investment advisory and asset management, to collaborate on a venture capital fund targeting more than $100 million. The venture capital fund, dubbed Nova Prime Fund, is aimed at fostering companies advancing innovations to build a better future, and will be investing in those participating in the Mission for the Future Program sponsored by LG Electronics' North America Center for Innovation, LG said.

Industry Aug. 3, 2023

Japan, which supplied more than half of semiconductors in the global market in the 1980s, is now seen revamping its strategy to reclaim past glory, introducing state subsidies and setting an ambitious goal to mass produce the most cutting-edge chips. As geopolitics is playing out to reshape the global semiconductors industry -- mainly the intense rivalry between the US and China -- eyes are on whether Japan will come to take a meaningful share in the market, where competition is already fierce.

Industry Aug. 1, 2023

SK Inc., the strategic investment holding company of South Korea’s second-largest conglomerate SK Group, published its annual environmental, social and governance reports Monday, including details of the company’s business management and climate-related finance plans. The company said it has released three such reports: the sustainability report carrying the company’s ESG management strategy; the Task Force on Climate-Related Financial Disclosure with the company’s climat

Industry July 31, 2023

LG Electronics, a leading home appliance supplier, said Thursday it has achieved the highest second-quarter revenue in company history at 19.9 trillion won ($15.6 billion), overcoming the sluggish demand situation the world’s consumer appliance market is experiencing. Backed with overall growth in its business portfolios, especially automotive parts and electric vehicles, LG said it will expand investment and build new manufacturing facilities overseas. In a regulatory filing, the tech gia

Industry July 27, 2023

Samsung Electronics, the world’s largest memory chip maker, said Thursday it will further slash memory chip production and gear up to respond to the rising demand for artificial intelligence-related chips, as its chip business reported a consecutive drop in operating profit for the second quarter this year. In a regulatory filing, Samsung reported it achieved 60 trillion won ($47.1 billion) in consolidated revenue in the April-June period, down 6 percent from the previous quarter and 22.3

Industry July 27, 2023

진행자: 조혜림, Naomi Ng 1. ‘Like students, teachers deserve protection of their rights in schools’ 기사요약: 서울 서초구 초1 교사 사망사건 이후 그간 방치되어 온 교권침해 사례들이 수면 위로 올라왔다. 현장 교사들은 그간 겪었던 고충을 쏟아내며 교권 강화를 위한 법적 대책 마련을 촉구한다. [1] Koh, a 23-year-old elementary teacher with two years of experience working at an elementary school in Busan, had a sixth-grade male student in her class last year who inflicted harm on himself in front of his peers, vomited every morning in class, skipped classes and assault

Podcast July 27, 2023

SK hynix, the world’s second-largest memory chip maker, reported an operating loss of 2.8 trillion won ($2.1 billion) in the second quarter of this year, falling into the red for the third consecutive quarter amid a severe market downturn. While the quarterly loss is the second-largest since SK Group acquired the chipmaker in 2012, the company said earnings are on track for recovery with market demand increasing for high-value-added chips related to artificial intelligence technology. In a

Industry July 26, 2023

LG Electronics introduced the new and improved version of its home appliance brand Tuesday to offer "hyperpersonalized" user experiences, raising connectivity and offering new subscription services to make doing household chores easier. Presenting the enhanced plan for the brand UP Appliance 2.0 to expand its business portfolio into nonhardware services and subscription services in Korea, the tech giant said it will be launching the upgraded brand overseas from next year. "UP Appl

Industry July 25, 2023

South Korea’s top four chaebol groups are gearing up to secure supply chain resilience and salvage their global businesses from the rising geopolitical uncertainties reshaping industrial dynamics. From expanding their public affairs organizations to hiring seasoned ex-government officials, the conglomerates are coming up with measures to minimize the impacts of increasingly protectionist policies around the world, especially in the US and Europe. Their spending on lobbying activities has

Industry July 17, 2023