Articles by Jo He-rim
Jo He-rim
herim@heraldcorp.com-
LGE, Qualcomm chiefs meet to discuss AI partnership
LG Electronics Chief Executive Officer Cho Joo-wan met with Qualcomm CEO Cristiano Amon on Wednesday to discuss their ongoing collaboration on advanced technology, including on-device artificial intelligence and automotive electronics, according to industry sources. On the second day of his trip to Seoul, Amon met with Cho at the LG Electronics headquarters in Yeouido, Seoul. The two companies have been building a firm partnership over the past years, especially in the fields of audio products a
Industry July 11, 2024
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Texas governor vows full support for Samsung’s expansion in US
Texas Gov. Greg Abbott on Tuesday reiterated his full support for Samsung Electronics to secure a bigger footing in the US, upon his visit to the chip giant’s semiconductor manufacturing plant in Korea. Abbott visited Samsung’s semiconductor campus -- the world's largest semiconductor production facility -- in Pyeongtaek, Gyeonggi Province, as part of his Asian trip that includes South Korea, Taiwan and Japan. He arrived in Korea on Monday. The governor inspected the P1 line, gu
Industry July 10, 2024
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Samsung wins first order for cutting-edge 2 nm turnkey chip solution
Samsung Electronics announced Tuesday it has bagged the first order for its new turnkey semiconductor solutions using the cutting-edge 2-nanometer foundry process from a leading artificial intelligence company in Japan. Holding the Samsung Foundry Forum and Samsung Advanced Foundry Ecosystem Forum in Seoul, the chip giant also unveiled its foundry strategy for its advanced Gate-All Around transistor architecture to support the local logic chip industry, as well as the latest AI solutions. Having
Industry July 9, 2024
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Samsung, SK bet big on glass substrates for AI chips
South Korea's top two conglomerates Samsung Electronics and SK Group are speeding up efforts to secure an early edge in glass substrates, a "game-changer" in chipmaking that could drastically boost the data capacity and speed of semiconductors in the era of artificial intelligence. Their leaders recently visited their respective business sites producing glass substrates, renewing their commitment to the burgeoning area that is highly likely to overcome the limits of conventional p
Industry July 8, 2024
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SK chief inspects chip materials, biopharma affiliates in US
SK Group Chairman Chey Tae-won inspected US business operations of chip materials and biopharma affiliates, the group's top decision-making body SK Supex Council said Sunday. Currently, Chey is staying in the US to oversee the group's business operations and meet with business partners. Since the trip started on June 22, he has met with CEOs of global tech giants, including Open AI, Microsoft, Amazon and Intel. Moving to the East Coast over the past weekend, Chey visited the headquarte
Industry July 7, 2024
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SK Square names new CEO to reshape investment portfolio
SK Square, the investment arm of SK Group, is set to reshape its business portfolio to concentrate on the chip industry and divest "non-core" investments, under a new leader. On Wednesday, the company nominated Han Myung-jin, the head of the company's investment support center and former chief strategy officer of SK Telecom, as its new chief executive officer, to take over from Park Sung-ha who was dismissed a week ago. "The appointments committee in the board of directors no
Industry July 4, 2024
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LG acquires Dutch smarthome specialist to enhance connectivity
LG Electronics is acquiring Athom, a smart home platform based in the Netherlands, as part of its effort to strengthen connectivity for its open smart home ecosystem, the company announced Wednesday. The Korean tech giant said it has acquired an 80 percent stake in the Dutch firm and plans to purchase the remaining 20 percent within the next three years, with the condition included in the agreement. “The acquisition of Athom is a cornerstone for our AI home business,” said Jung Ki-hy
Industry July 3, 2024
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Samsung to boost display investments in Vietnam
Samsung Electronics Chairman Lee Jae-yong on Tuesday renewed his commitment to boosting investment in Vietnam, where the company remains the biggest foreign investor, during a meeting with Vietnamese Prime Minister Pham Minh Chinh in Seoul on Tuesday. In the private meeting, the Samsung chief pledged massive investment to set up the tech giant’s biggest display module production base in the Southeast Asian country over the next three years. "Vietnam's success is Samsung's su
Industry July 2, 2024
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[Business Diplomacy] Time matters more than money in engineering lobbying prowess
Korean companies should focus on boosting their "still-nascent" lobbying power by spending the time to understand policymakers' needs and by building a strong network regardless of the outcome of the upcoming US presidential election in November, according to legal and trade advisers from Lee & Ko, a prominent law firm in Korea. Companies around the globe are paying keen attention to how US policy directions will diverge depending on who becomes the next US president: the incu
Industry July 2, 2024
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Cyber attacks using generative AI on rise: SK Shieldus
Cyberattacks using generative artificial intelligence, or targeting the weak points of the new technology are on the rise, SK Shieldus, a leading security service company in Korea said on Tuesday. In a media seminar, SK Shieldus and EQST, the company's white-hat hackers group, presented its findings on the rising hacking trends using AI and underscored the importance of raising awareness and taking preventive measures to reduce damage. “Large Language Models are being used actively to
Industry July 2, 2024
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Global memory chip market picks up amid AI boom
The global memory chip market is picking up on the back of the artificial intelligence boom, with the chip price expected to rise in the second half of this year, according to industry sources on Monday. In the wake of a recovery in demand for server and AI chips, such as High Bandwidth Memory chips, the average sales price of DRAM chips is forecast to increase by 8 to 13 percent in the July-September period when compared to the previous quarter, TrendForce, a Taiwan-based chip market tracker sa
Industry July 1, 2024
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SK hynix develops industry's top-spec SSD for AI PCs
SK hynix, the world's second-largest memory chip-maker by revenue, said Friday it had successfully developed the industry's highest performancesolid state drive chip that can significantly enhance the process speed in on-device artificial intelligence. The product, dubbed PCB01, comes with the capabilities of sequential read and write speeds of 14 gigabyte and 12GB per second, respectively, bringing the performance of an SSD to a level unseen before, SK hynix said. The speeds allow the
Industry June 28, 2024
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Naver’s top executives discuss sovereign AI with Nvidia CEO
Naver Global Investment Officer and founder Lee Hae-jin and Chief Executive Officer Choi Soo-yeon met with Jensen Huang, the co-founder and CEO of Nvidia, to discuss strengthening their partnership in the rising artificial intelligence technology, according to the Korean internet giant Thursday. Naver’s key executives, including Lee, Choi and Naver Cloud CEO Kim Yoo-won met with Huang at Nvidia’s headquarters in Santa Clara, California on Tuesday. During their meeting, the executives
Industry June 28, 2024
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SK chief meets with big tech CEOs in US
SK Group Chairman Chey Tae-won is in the US to meet with leaders of big tech firms, including OpenAI and Microsoft, and discuss collaboration opportunities in artificial intelligence. Via social media on Thursday, Chey posted photos of himself shaking hands with Sam Altman, the chief executive officer of OpenAI, and Microsoft CEO Satya Nadella, taken in separate meetings in the US. "I am traveling in San Francisco and Seattle and meeting with IT leaders every day. They are so welcoming to d
Industry June 27, 2024
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Parties rush to roll out competing chip bills with heftier incentives
South Korea’s rival parties are introducing stronger chipmaking support bills to boost the domestic semiconductors industry, sharing the consensus that existing policies are not sufficient for Korean chipmakers to compete against global rivals backed by massive financial grants. On Tuesday, Rep. Kim Tae-nyeon of the main opposition Democratic Party of Korea introduced a bill that involves a whopping 100 trillion won ($72 billion) subsidy program. Kim's proposal seeks to extend an exis
Industry June 26, 2024
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