SK hynix, the world’s No. 2 memory chipmaker, was the only company that elevated its market share in the soaring global DRAM market in the second quarter of this year, according to market tracker TrendForce Friday. In the April-June period, DRAM sales totaled $22.9 billion, a 24.8 percent jump from the previous quarter. Samsung Electronics, the world’s largest memory chipmaker, retained its No. 1 position with $9.8 billion in sales. But the company’s market share slightly decre

Industry Aug. 16, 2024

Samsung Electronics has retained its leading position in Southeast Asia’s major smartphone markets, but faces fiercer competition from Chinese rivals with cheaper pricing, according to an industry report Thursday. In the April-June period, Samsung held an 18 percent market share in five major countries -- Indonesia, the Philippines, Thailand, Vietnam and Malaysia -- according to the report by market tracker Canalys. The figure was down by 2 percentage points compared to a year ago, clo

Industry Aug. 15, 2024

Merck Korea, the Korean subsidiary of German science and technology juggernaut Merck, has showcased its materials intelligence with its participation at K-Display 2024, South Korea’s largest display exhibition. Merck enhances data interpretation and transmission by utilizing intelligence technologies, such as data processing and artificial intelligence, leading the advancement of the digital environment. It plays a crucial role in connecting users with data through display technologies. Un

Industry Aug. 14, 2024

LG Display is expected to get out of the red in the latter half of this year, largely buoyed by its increased panel shipments for Apple's new iPhones that debut next month, according to industry sources on Tuesday. Local researchers painted a rosy outlook for LG Display, which has begun stable production of the first batch of the panels for the new iPhone 16 series. The Korean panel maker is said to be responsible for almost 40 percent of the total panel supplies for the new iPhones. Accord

Industry Aug. 13, 2024

South Korean mobile carriers are rushing to launch call-recording services for iPhone users, possibly taking a cue from the market leader SK Telecom’s success with its A. service. According to industry sources on Monday, LG Uplus, the country's smallest telecom company by market share, is planning to launch a call-recording service, dubbed, “ixi O,” in the second half of the year. The service would become the second of its kind after SK Telecom’s A. service, which de

Technology Aug. 12, 2024

South Korea’s chip exports to Taiwan have surged on the back of increased SK hynix shipments for Nvidia, data showed Sunday. According to the data compiled by the Ministry of Trade, Industry and Energy and the Korea International Trade Association, Korea’s memory chip exports to Taiwan amounted to $4.26 billion in the January-June period this year, up 225.7 percent from a year ago. During the same period, the nation’s total memory chip exports increased 88.7 percent on-year. In

Industry Aug. 11, 2024

Kakao Corp., the operator of South Korea’s No. 1 messenger app KakaoTalk, said Thursday that it would swiftly implement a contingency plan in the second half of this year to drastically reform its overall business operations. "We have defined KakaoTalk and AI as the key drivers of our growth," Kakao CEO Chung Shin-a said during the company’s second-quarter earnings conference, indicating the possible sell-off of non-core businesses. Her comments came when she answered a que

Industry Aug. 8, 2024

LG Group’s artificial intelligence think tank, LG AI Research, on Wednesday unveiled the third generation of its hyperscale AI multimodal Exaone, providing better performance and cost-efficiency than its predecessors in processing massive amounts of data. To contribute to the development of the AI ecosystem, LG AI Research said it has decided to release the lightweight model of Exaone 3.0 as Korea's first open-source AI model for various research purposes. Exaone 3.0 is the second u

Technology Aug. 7, 2024

SK Group Chairman Chey Tae-won called for its memory chip-maker SK hynix to seek next-generation profit models to continuously secure its leadership in the burgeoning artificial intelligence semiconductor market. “SK hynix is currently recognized in the high bandwidth memory market, but competition will become more intense when the sixth generation HBM4 is commercialized next year,” Chey said upon his visit to the chip maker’s plant in Icheon, Gyeonggi Province, to inspect the

Technology Aug. 5, 2024

  Samsung Electronics’ labor union said Thursday it would return to work by next Monday but vowed to continue guerrilla strikes amid their stalled talks for wage hikes. “It is the time to shift to a long-term plan,” the National Samsung Electronics Union said via its YouTube channel. “We will proceed with sustainable guerrilla strikes while adhering to legal standards to ensure our success. You can return to work from today. You can join our guerrilla strikes anytime

Industry Aug. 2, 2024

LG Display said Friday it picked its Chinese rival CSOT as a preferred bidder for its liquid crystal display plant in Guangzhou, China. CSOT, a display-making subsidiary of China appliance giant TCL, is the world's second-largest LCD maker following its crosstown rival BOE. LG said it plans to continue talks with CSOT on more detailed deal conditions. The company did not elaborate on the deal size, but industry sources estimate the sale could be worth about 2 trillion won ($1.45 billion). T

Industry Aug. 2, 2024

Samsung Electronics’ labor union protested in front of Chairman Lee Jae-yong’s residence in Seoul on Thursday, calling on the Samsung chief to step in over their stalled wage talks with management. The National Samsung Electronics Union, which accounts for about 24 percent of the total workforce of the tech giant, launched an indefinite strike on July 8. “We ask Chairman Lee to come forward and show his position to resolve the full-scale strike,” the union said at a press

Industry Aug. 1, 2024

Samsung Electronics, the world’s largest memory chip maker, said Thursday it has launched two types of 1 terabyte high-capacity microSD cards: Pro Plus and Evo Plus. These new products incorporate the industry's highest capacity, 1-terabit triple-level cell eighth-generation V-NAND technology, stacked in eight layers. This technological advancement allows terabyte-class high capacity previously achievable only in SSDs to be implemented in the compact form factor of a microSD card, wit

Technology Aug. 1, 2024

Samsung Electronics said Wednesday that it will continue its earnings growth by expanding sales of the high-performance high bandwidth memory chip in the second half, particularly the fifth-generation HBM3E, to meet rising demand in the fast-growing artificial intelligence market. “Customer evaluation of the 8-layer HBM3E product is currently in progress, and mass production supply is scheduled to begin in earnest in the third quarter,” Kim Jae-june, executive vice president in cha

Technology July 31, 2024

SK hynix, the world's second-largest memory chip maker, on Tuesday unveiled its next-generation GDDR7 graphics memory chip that boasts the industry’s most outstanding performance in terms of operating speed and power efficiency. The company said it will start mass production in the third quarter. GDDR is a type of high-performance memory commonly used in graphics cards. It has recently gained popularity as graphics cards are increasingly used to power artificial intelligence workloads

Technology July 30, 2024