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Hyundai Mobis strengthens development capabilities in automotive semiconductors
SEOUL -- Hyundai Mobis, the parts-making wing of South Korea's Hyundai auto group, took over the semiconductor business of its affiliate to secure differentiated technological competitiveness in self-drying and future cars that require high-performance semiconductors and integrated control systems. Hyundai Mobis said in a statement on December 11 that it signed a contract to absorb Hyundai Autron's semiconductor business for 133.2 billion won ($122 million
December 11, 2020
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SKC Solmics approves investment to build semiconductor cleaning plant in China
SEOUL -- SKC Solmics, a semiconductor material manufacturer in South Korea, will build a semiconductor cleaning plant in Wuxi, a city near Shanghai in eastern China. The plant will be set up within this year for commercial operation in 2021. SKC Solmics, a unit South Korea's SK Group, said on Wednesday that its board approved an investment of 30 billion won ($24 million) to set up a branch in Wuxi where SK hynix operates a microchip factory. Semiconductor cleaning is a
April 1, 2020
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SKC starts prototype production of key material for semiconductor chips
SEOUL -- SKC, a leading polyester film and chemical material manufacturer in South Korea, has started the prototype production of high-end mask blanks, a key material in the production of semiconductor chips, to reduce its heavy dependence on Japanese products. For localization, SKC, a unit of SK Group, completed a high-end mask blank plant in the central city of Cheonan in December last year. Prototype production has now begun for customer certification to commercialize it
March 26, 2020
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Samsung considers securing system semiconductors from outside foundries
SEOUL -- As a way to diversify its production network, Samsung Electronics' System LSI business department is pushing for the consignment of production from a third party to secure stable production infrastructure by working with outside foundries as its foundry business is on track due to orders from big customers. LSI, also known as Large-Scale-Integration, is a chip-making process in which thousands of transistors are integrated or embedded onto a sing
August 22, 2019
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Samsung eyes chip recovery after downbeat Q2 earnings: Yonhap
SEOUL -- Samsung Electronics Co. reported Wednesday its net profit more than halved in the second quarter from a year earlier due to weak memory chip prices, but it expected a gradual recovery in demand down the road. The net profit for the world's largest chip and smartphone maker came to 5.18 trillion won ($4.4 billion) in the April-June period, a 53.1 percent fall from a year earlier, the company said in a regulatory filing. Its operating profit plunged 55.6 percen
July 31, 2019
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Top economic official warns of stern measures against Japan's export restrictions
Strategy and Finance Minister Hong Nam-ki SEOUL -- South Korea's top economic official warned of stern measures under domestic and international laws as Japan shrugged off concerns about a price hike and a trade conflict to go ahead with restrictions on exports of high-tech chemicals used in the production of microchips and displays. Strategy and Finance Minister Hong Nam-ki warned at a radio talk show on Thursday that "economic retaliation" would damage South Kor
July 4, 2019
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S. Korea pledges massive investment to narrow technology gap with Japan
SEOUL -- Japan's unexpected move to restrict the shipment of key materials used to produce chips and displays backfired as South Korea took it as an opportunity to reduce the technological gap with a massive investment in the development of related technologies and equipment. The South Korean government said Wednesday that it would invest six trillion won ($5.1 billion) in the development of high-tech materials to ease its dependency on Japan. "We will invest one
July 3, 2019
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S. Korea aims to become world's top player in system semiconductor industry
SEOUL -- With active government support and corporate investments, South Korea presented a target of becoming the world's top player in the system semiconductor industry and garnering a 10 percent market share in fabless manufacturing by 2030 while consolidating its top position in microchip production. "Our goal is clear," President Moon Jae-in declared in his speech at Samsung Electronics' plant in Hwaseong, about 45 kilometers (28 miles) southwest of Seoul,
April 30, 2019
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hynix wins quick state approval for construction of world's largest semiconductor cluster
SEOUL -- SK hynix won quick state approval for the proposed use of land to build the world's largest semiconductor cluster that would become a base for the production of next-generation microchips and the convergence of new technologies. For the semiconductor cluster aimed at maintaining a competitive edge over Chinese companies, a government screening committee agreed to allocate some 4.48 million square meters of land in the metropolitical area where the construc
March 27, 2019
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SK hynix selects place to build world's biggest microchip cluster
SEOUL -- In a bid to maintain a competitive edge over Chinese companies, SK hynix selected a place to house the world's largest semiconductor cluster that would become a base for the production of next-generation microchips and the convergence of new technologies. Some 120 trillion won ($107 billion) will be spent after 2022 to build the cluster in Yongin, about 40 kilometers (25 miles) south of Seoul. SK hynix, the country's second-largest semiconductor company after Sams
February 21, 2019
