Samsung Electronics Chairman Lee Jae-yong met with top executives of German optics manufacturer Zeiss, a crucial partner for the Korean tech giant's push to lead the burgeoning market for artificial intelligence chips, during his recent trip to Europe. According to Samsung on Sunday, its chief toured the Zeiss headquarters in Oberkochen on Friday and discussed long-term partnerships with Zeiss Group CEO Karl Lamprecht and Zeiss Semiconductor Manufacturing Technology CEO Andreas Pecher. Lee&

Industry April 28, 2024

Hyundai Motor Group on Wednesday unveiled a slew of new vehicles at the 2024 Beijing International Automotive Exhibition, ramping up efforts to boost its sluggish presence in the world's largest automotive market. At the Beijing Auto Show, one of the biggest motor shows that has returned in-person after four years, all three brands of the Korean auto giant -- Hyundai Motor, Kia and Genesis -- promised to introduce electric vehicles tailored for Chinese customers. Unveiling the Ioniq 5 N hig

Industry April 25, 2024

South Korean robotics startup WIRobotics aims to transform the walking experience via its award-winning wearable robot WIM, made lighter and more convenient for everyday use, the company's chief said Wednesday. "We believe humans will be able to enhance walking and physical abilities with the assistance of the interactive robotics technology, and have thought wearable robots will be optimal," WIRobotics CEO and Chief Technology Officer Kim Yong-jae said at the press conference in

Industry April 24, 2024

SK hynix is joining hands with TSMC, the world’s top foundry, to develop High Bandwidth Memory 4 and cutting-edge packaging technology, the company said on Friday. Under the partnership agreement, the two sides plan to proceed with the development of HBM4, the sixth-generation model of the advanced memory chip, and enhance logic and HBM integration through advanced packaging technology, SK hynix said. "We expect a strong partnership with TSMC to help accelerate our efforts for open co

Industry April 19, 2024

SK hynix Chief Executive Officer Kwak Noh-jung underscored the importance of cooperation between South Korea and the US, warning that it is "dangerous" to concentrate semiconductor supply chains in any one region, during his visit to Washington. Speaking at the “Chips for America: Execute for Global Success” forum on Wednesday, Kwak also noted that SK hynix is working to develop highly advanced technologies to meet the growing needs in the artificial intelligence market. Th

Industry April 18, 2024

Samsung Electronics, the world's top memory chip maker by revenue, has developed the industry's fastest LPDDR5X memory chip optimized for on-device artificial intelligence applications, the company said Wednesday. The new Low Power Double Data Rate 5X manifests the highest performance of up to 10.7 gigabits-per-second and is the smallest in size among existing products leveraging the 12-nanometer-class process technology, the company said. The speed is equal to sending about 20 4-gigab

Industry April 17, 2024

South Korea’s total market cap increased by nearly 100 trillion won ($72 billion) during the first quarter of this year, backed by jumps in stock prices in key industries, including semiconductors, data showed Tuesday. According to a report from local corporate tracker Korea CXO Institute, the combined market cap of 2,692 local firms jumped 96 trillion won during the January-March period to reach 2,599 trillion won. The figures exclude the value of preferred shares. The number of stocks wi

Industry April 16, 2024

The US government announced Monday that it will award up to $6.4 billion to Samsung Electronics for its chip fabrication facilities in Taylor, Texas. "The return of leading-edge chip manufacturing to America is a major new chapter in our semiconductor industry," said White House National Economic Adviser Lael Brainard in a press briefing. US Secretary of Commerce Gina Raimondo also revealed that the subsidy plan, coming under the US Chips Act, will support Samsung's two chip produ

Industry April 15, 2024

Samsung Electronics and LG Electronics, the leading home appliance giants in Korea, are participating in this year’s Milan Design Week this week to showcase their new built-in appliances incorporating artificial intelligence and connectivity. Milan Design Week is one of the largest international design and furniture exhibitions, held in the city in northern Italy with the participation of some 2,300 companies. This year the event runs from Tuesday to Sunday. The tech giants have also set u

Industry April 15, 2024

Korean IT giant Kakao joined AI Alliance, the global open-source community dedicated to the responsible development of artificial intelligence, becoming the first Korean firm to do so, the company said Friday. “We will work together with the AI Alliance to establish an open AI ecosystem meeting the global standard for the open, responsible and safe development of AI technology,” Kakao AI Safety Leader Kim Kyung-hoon said. “We will take on the social responsibility as a digital

Industry April 12, 2024

South Korea is largely aligned with the US government’s export curbs on chips to China, but it is also making efforts to maintain trade ties with Beijing, Korea’s trade minister said in the US on Wednesday. Minister of Trade, Industry and Energy Ahn Duk-geun, who is visiting the US for the first time after he was inaugurated in January this year, added that the government is working to ensure the US trade curbs do not hurt the interests of Korean chipmakers. "Our basic stance is

Industry April 11, 2024

US chip giant Intel is teaming up with Naver, Korea's leader in artificial intelligence, in an apparent move to counter Nvidia's dominance in the burgeoning AI chip market. Unveiling its more powerful next-generation AI accelerator, Gaudi 3, on Tuesday, Intel CEO Pat Gelsinger said the cutting-edge central processing unit has been enhanced to perform better than Nvidia's graphic processing unit "at a fraction of the cost." He also said the company is working together wit

Industry April 10, 2024

Samsung Electronics is striving to shed the reputation of its flagship Galaxy smartphones as "ajeossi" phones among teens and users in their 20s, with short films starring popular TV celebrities. An "ajeossi" is an older married man or an uncle in Korean, but in this context, it implies a sense of being "old" or "out of style." The world's largest smartphone maker by shipment said its short film series, “S24 Hours Movie Series,” starring a

Industry April 9, 2024

South Korean chipmakers Samsung Electronics and SK hynix have been boosting investment in the US to secure federal subsidies and get ahead in the intensifying competition in the advanced chip packaging and artificial intelligence chip sectors. Samsung Electronics, the world's top memory chipmaker that also runs chip design and foundry businesses, is reportedly planning to increase its investment in its semiconductor fabrication plant currently under construction in Taylor, Texas. According

Industry April 8, 2024

The powerful earthquake that hit semiconductor powerhouse Taiwan last week may push up memory chip prices temporarily, as chipmakers there face operational disruptions, according to market watchers on Sunday. The earthquake, which struck off the east coast of island with a magnitude of 7.4 on Wednesday, put the tech industry on edge, as Taiwan is home to 18 percent of global chip manufacturing capacity and approximately 92 percent of the world's advanced semiconductors are produced there. M

Industry April 7, 2024