South Korea's consumer electronics-to-battery conglomerate LG Group has published its first annual report that revolves around its groupwide efforts to tackle environmental, social and governance issues, a holding company LG Corp. announced Wednesday. This is in line with the group's push to disclose nonfinancial performance such as actions to fight climate change, reduce and recycle waste, offer financial supports to vendors and local communities, as well as ensure boardroom diversity

Technology Sept. 28, 2022

More servers require faster semiconductor speeds in high performance computing technologies, to meet the growing demand for big data analytics and autonomous mobility. But a disparity in transfer speed between processors and memory chips have long been an obstacle for further computing system performance improvement, often creating a network bottleneck within a chipset. This is why memory chip engineers should get a load of the next-generation interconnect standard blueprints, although they are

Technology Sept. 28, 2022

  SUWON, Gyeonggi Province -- The memory chip upcycle has already peaked this year, while the downcycle is projected to continue until 2025 in a worst-case scenario, an executive from the US-based market intelligence IDC said Tuesday. Kim Soo-kyoum, associate vice president of semiconductor at IDC, cited a sharp decline in consumer demand and the projected price drop over the course of three years with the introduction of new chip factories and the growing competition in NAND flash industry

Technology Sept. 27, 2022

Taking selfies with rank-and-file employees and lining up for a lunch queue for a simple meal instead of a juicy steak is something that many didn't expect to see from Samsung Electronics Vice Chairman Lee Jae-yong, the most powerful business tycoon in South Korea. The 54-year-old third-generation chaebol scion has long lived a life away from the public eye, except in the past five years, when he made frequent headlines over his involvement in a high-profile bribery scandal. But as he gets close

Technology Sept. 25, 2022

South Korean mobile telecom carrier SK Telecom announced Sunday that the company, its artificial intelligence chip developer arm Sapeon and the University of Toronto came together on Thursday to build an AI chip-mounted computing infrastructure at the Canadian university’s campus in Toronto. Sapeon will provide its low-power neural processors, the X220 and X330, free of charge to run its neural processing unit, or NPU, Farm infrastructure, which is capable of delivering up to 32,000 trilli

Technology Sept. 25, 2022

Samsung Electronics Vice Chairman Lee Jae-yong's planned meeting next month with SoftBank founder Masayoshi Son raises the expectation that the South Korean tech giant could find a breakthrough with a new round of investment for future growth in the field of semiconductors. On his arrival to Seoul after a two-week trip overseas, the 54-year-old told reporters Wednesday afternoon that he is scheduled to hold talks with Son in Seoul and that he believes the Japanese tycoon might bring up the issue

Technology Sept. 22, 2022

Samsung Electronics Vice Chairman Lee Jae-yong said Wednesday that he plans to meet SoftBank founder Masayoshi Son next month as the Japansese tycoon visits Seoul. "Next month, Son is expected to visit Seoul," Lee told reporters at Seoul Gimpo Business Aviation Center Wednesday afternoon as he wrapped up a two-week overseas trip. "Probably, Son might come up with such a proposal, but I have no idea what that is," he said when asked whether he met any Arm officials during his

Technology Sept. 21, 2022

Consumer electronics giant Dyson said on Wednesday it would begin to sell its brand-new cord-free vacuum cleaner Gen5 Detect that boasts stronger power density, deeper cleaning ability and longer battery life compared to its predecessors in South Korea and China. Its Hyperdymium Motor allows Gen5 Detect, the newest release on the lineup since V15 Detect in May 2021, to have up to 262 airwatts of suction power, higher than the V15 Detect's 230 airwatts. The Gen5 motor, which is lighter than

Technology Sept. 21, 2022

South Korean lithium-ion battery cell maker LG Energy Solution plans to develop a moduleless concept for pouch-type high-nickel batteries to increase EVs’ space utilization, reduce weight and improve cost competitiveness by 2025. Unlike the existing module-to-pack concept, the new concept, called "cell-to-pack," will simplify the process of assembling pouch cells directly into battery packs, Choi Seung-don, LG Energy Solution's senior vice president and automotive battery de

Technology Sept. 20, 2022

Three major South Korean battery cell makers -- LG Energy Solution, SK On and Samsung SDI -- are projected to see steady growth in revenue and profitability in the next few years as they race to meet the growing demand for secondary batteries to power electric vehicles in the United States, data showed Tuesday. The three companies' combined revenue will reach $121 billion by 2025, up nearly fivefold from the $27 billion recorded in 2021, according to Korea-based battery market tracker

Technology Sept. 20, 2022

South Korean semiconductor stocks are treading on a bumpy road as slowing orders in the chip industry plaguing memory powerhouses Samsung Electronics and SK hynix have dampened prospects. Since January, Samsung Electronics' share price has fallen nearly 30 percent, while its hometown rival SK hynix has seen its share price drop over 30 percent. On top of this, stock analysts are revising down the price target of the two memory chip giants, and expecting the quarterly profit to turn slimmer

Technology Sept. 19, 2022

Chip factories have long been considered the biggest culprit in the computing industry behind climate change. Advancing abatement technologies to reduce carbon emissions is the top priority in the Samsung Electronics semiconductor unit's goal to become carbon neutral by 2050, a top official said Friday. "Treatment of gas used to manufacture semiconductor chips is our biggest focus in our spending (to achieve net-zero emissions)," Song Doo-guen, executive vice president and head of th

Technology Sept. 18, 2022

Samsung Electronics said Thursday it has joined the RE100 initiative to set net-zero targets by 2050 and ensure the full use of renewable energy, making a major shift in the IT devices manufacturing giant that consumed the largest amount of electricity in the world. By pledging to use less electricity and reuse and recycle resources like plastic and water, the chips-to-consumer electronics giant aims to transition to 100 percent renewables for its operation, and at the same time become carbon ne

Technology Sept. 15, 2022

Samsung Electronics Vice Chairman Lee Jae-yong has visited Panama to hold talks with Panamanian President Laurentino Cortizo and meet Samsung executives there, the tech giant said Wednesday. The isthmus country, which connects Central and South America, was the first importer of Samsung Electronics' color TVs in 1977, and is home to Samsung's oldest overseas office. Lee, heir to South Korea's largest conglomerate dedicated to electronics, construction and finance, met President Cortizo at Heron'

Technology Sept. 14, 2022

LG Electronics said Wednesday it plans to release the world's largest 97-inch premium television using the flat-panel organic light-emitting diode display for home cinema experience in South Korea on Sept. 21. Dubbed the LG OLED evo Gallery Edition, the massive TV measures more than 2.4 meters across. The ultralarge TV will feature a 4K resolution and Dolby's cutting-edge vivid video format Dolby Vision IQ and surround sound technology Dolby Atmos. LG’s alpha 9 Gen 5 intelligent processors

Technology Sept. 14, 2022