SEOUL, May 25 (Korea Bizwire) – The United States, China and countries around the world are waging an intense battle to gain supremacy in the semiconductor industry, crucial for cutting-edge technologies. On May 23, in a meeting presided over by President Yoon Suk Yeol, South Korea’s government unveiled a comprehensive 26 trillion won support package for [...]
SEOUL, May 24 (Korea Bizwire) — The chipmaking sector’s upside cycle may last into the first half of next year and possibly beyond that time, giving a boost to the country’s exports, a report from the Bank of Korea said Friday. The global chipmaking sector rebounded early last year on the back of a boom [...]
SEOUL, May 24 (Korea Bizwire) – Samsung Electronics Co., the world’s largest memory chipmaker, said Friday the testing process of its latest high-bandwidth memory (HBM) chips is proceeding smoothly in cooperation with its customers. “Samsung Electronics is currently working closely with a number of companies to continuously test the technology and performance,” the company said [...]
SEOUL, May 17 (Korea Bizwire) – Two companies that supply semiconductors to China have entered Samsung Electronics’ list of five top revenue sources, underscoring the growing importance of the Chinese market for the South Korean tech giant. According to Samsung’s quarterly report disclosed on May 16, its five biggest revenue drivers in the first quarter were [...]
SEOUL, May 16 (Korea Bizwire) – Edwards, a leading British semiconductor equipment company, has inaugurated a new facility in Asan, South Chungcheong Province, dedicated to producing crucial components for extreme ultraviolet (EUV) lithography processes. The Ministry of Trade, Industry and Energy announced that Deputy Minister for Trade and Investment Choi Woo-seok attended the opening ceremony held [...]
SEOUL, May 13 (Korea Bizwire) — South Korea will push to set up a package worth over 10 trillion won (US$7.28 billion) to support the chip industry as part of efforts to boost the competitiveness of the critical industry and to prop up economic growth, the finance ministry has said. The planned assistance program of [...]
SEOUL, Apr. 25 (Korea Bizwire) — SK hynix Inc. said Thursday it swung to a profit in the first quarter of this year on the back of rising global demand for premium memory chip products used for artificial intelligence (AI) computing. The world’s second-largest memory chipmaker posted an operating profit of 2.88 trillion won (US$2.09 [...]
SEOUL, Apr. 22 (Korea Bizwire) — South Korea’s exports rose 11.1 percent on-year in the first 20 days of April on surging global demand for semiconductors, data showed Monday. Outbound shipments reached US$35.82 billion in the April 1-20 period, compared with $32.25 billion tallied a year earlier, according to the data from the Korea Customs [...]
SEOUL, Apr. 16 (Korea Bizwire) — Samsung Electronics Co. is set to accelerate the expansion of its global semiconductor supply chain in the era of artificial intelligence (AI), following a subsidy of US$6.4 billion from the U.S. government and its extended investment plan. Under the Biden Administration’s announcement, the South Korean chipmaker was to receive [...]
SEOUL, Apr. 15 (Korea Bizwire) — South Korea’s exports of information and communication technology (ICT) products gained ground for the fifth consecutive month in March, driven by a yearly high performance of semiconductors, data showed Monday. Outbound shipments of ICT products came to US$18.8 billion last month, up 19.4 percent from $15.8 billion a year [...]