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Samsung predicts gradual rebound in microchip business
SEOUL -- Samsung Electronics posted a 30.7 percent on-year drop in net earnings in the fourth quarter of 2018, ending its record-setting performance driven by a wave of robust growth in the microchip business. This year's business prospects are not so bright, but the company predicts a gradual pickup in microchip sales. Due to weak demand for memory chips and smartphones, Samsung's net profit in the October-December period fell to 8.46 trillion won ($7.92 billion) f
January 31, 2019
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Samsung Electronics apologizes for gas leak at semiconductor plant
SEOUL -- Samsung Electronics apologized for a gas leak at its semiconductor factory that left a 24-year-old worker dead and two others hospitalized as an initial police probe discovered a ruptured pipe at an underground carbon dioxide storage room. The three from a fire safety maintenance company were found lying unconscious Tuesday in the basement of a production line in Samsung's semiconductor factory in the southern city of Yongin. "I sincerely apologize to the wo
September 5, 2018
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One dead, two injured in gas leak at Samsung chip factory: Yonhap
YONGIN, South Korea -- One person was killed and two others injured after being exposed to carbon dioxide in a Samsung Electronics Co. semiconductor factory southeast of Seoul, authorities said Tuesday. They were found lying unconscious at around 2 p.m. in a firefighting facility filled with dense carbon dioxide in the basement of a production line in Giheung, Gyeonggi Province, about 34 km away from Seoul, according to local police and firefighters. The gas leak killed a 24
September 4, 2018
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S. Korea proposes concerted state project to nurture microchip industry
SEOUL -- South Korea envisaged a concerted state project to enhance the competitiveness of its microchip industry, a top economic official said Wednesday, citing a strong challenge from Chinese companies. Trade, Industry and Energy Minister Paik Un-kyu told an industry conference in parliament that the technological gap with China is "rapidly" shrinking. "There are concerns over whether the super-cycle may shrink in the near future." In February, the Seoul
July 18, 2018
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SK hynix predicts at least 20% rise in this year's global microchip demand
SEOUL -- South Korea's second-largest semiconductor company SK hynix predicted a prolonged supply shortage in the global microchip market, citing strong demand for server products as internet data-center operators especially in China and the United States expand their investment. The chipmaker said that global demands for dynamic random access memory (DRAM) chips is expected to rise by more than 20 percent throughout this year. Demand for high-capacity server DRAMs w
April 24, 2018
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SK hynix reports record-breaking corporate earnings last year
SEOUL, Jan. 25 (Aju News) -- Helped by strong global demand and high prices, SK hynix posted a stellar performance in its corporate earnings last year with sales and profit setting a new record. Net profit jumped 260 percent on-year to 10.64 trillion won (9.9 billion US dollars) last year, SK hynix said in a regulatory filing. Operation profit surged 319 percent to 13.7 trillion won and sales were up 75 percent to 30.19 trillion won. The company attributed its stellar
January 25, 2018
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S. Korea exports up 9.6% in November: Yonhap
South Korea's exports rose 9.6 percent in November from a year earlier to mark the 13th consecutive monthly gain, fueled by strong demand for memory chips and machinery, government data showed Friday. Outbound shipments came to 49.67 billion US dollars for November, up from $45.3 billion a year earlier, according to data compiled by the Ministry of Trade, Industry and Energy and the Korea Customs Service. The total value of exports in the first 11 months of this year hit
December 1, 2017
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SK hynix continues record-breaking march in Q3 earnings: Yonhap
SK hynix Inc., a major chipmaker, said Thursday its third-quarter net profit reached an all-time high, apparently helped by strong global prices of chips. Net profit came to a record high of 3.05 trillion won (2.7 billion US dollars), rising sharply from 597 billion won posted a year earlier, the company said in a regulatory filing. Operating profit also reached a historic high of 3.7 trillion won in the July-September period, rising sharply from 725 billion won poste
October 26, 2017
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S. Korean semiconductor makers forecast to continue record earnings
Helped by strong global demand and high prices, Samsung Electronics and SK hynix are expected to continue a record-breaking march in their earnings in the first half of next year, but experts warn of tough competition with Chinese rivals probably from 2019. South Korea's semiconductor exports are expected to exceed 90 billion US dollars this year, compared to $62.2 billion last year, according to a report from the Korea International Trade Association. Samsung, the w
October 10, 2017
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Toshiba inks deal to sell memory biz to global consortium: Yonhap
Japanese tech giant Toshiba Corp. said it has signed off on a deal to sell its memory business to a global consortium which includes South Korea's SK hynix Inc. Toshiba earlier decided to start negotiations on selling its memory business to the consortium including participants from South Korea, the United States and Japan. The companies also include Bain Capital, Apple Inc. and Dell Inc., and a handful of other tech firms. The deal is estimated to be worth 2 trill
September 28, 2017
