SEOUL, September 16 (AJP) -Shares of SK hynix shot up nearly 4 percent Wednesday on a report that the South Korea-based memory giant was considering producing memory chips in the United States at an Intel facility, a scenario the chipmaker later played down. "We are intent on adding an overseas fab, and reviewing multiple countries and sites," a company spokesman said, declining to name the countries under consideration or confirm whether Intel was among the potential par
SEOUL, September 16 (AJP) -SK hynix workers approved a revised wage and collective bargaining agreement Wednesday after the company and its production union adjusted the mix of cash and stock in profit-sharing bonuses, ending a dispute that forced the two sides back to the bargaining table after an initial deal was narrowly rejected. The revised agreement won support from 57.08 percent of union members who voted, or 8,731 workers, in a two-day ballot held Monday and Tuesday, SK hyn
SEOUL, September 13 (AJP) - More of South Korea's semiconductors and electronic components now reach American buyers through factories in Southeast Asia than through factories in China, according to a Bank of Korea report published Sept. 13 on how trade routes have been redrawn since the U.S.-China conflict began. In 2022, 18.6 percent of the South Korean computer, electronic and optical products that ended up in American consumption or investment had passed through Viet Nam,
SEOUL, September 05 (AJP) -“Great products begin with people,” read a message splashed across a Times Square billboard in New York on Saturday, as a Samsung Electronics non-chip labor union took its protest over widening compensation disparities and treatment of its consumer-electronics workforce to a global stage. Donghaeng Union, which mainly represents employees in Samsung Electronics’ Device eXperience (DX) division, ran a 15-second video on a Times Square el
SEOUL, September 05 (AJP) -Samsung Electronics' unionized employees in non-chip operations are planning a rally streak near Chairman Lee Jae-yong's residence in Hannam-dong, central Seoul, from Sept. 18, taking their demands for fairer compensation amid the chip windfall closer to the top of the C-suite. An official of Donghaeng union, largely made up of employees in the Device eXperience (DX) division told AJP Saturday that the protest will go on without a fixed end date
SEOUL, September 4 (AJP) - South Korea's two major chipmakers Samsung Electronics and SK hynix retained the top two spots in the global NAND flash market in the second quarter, together accounting for nearly half of global sales, according to a report by market researcher Counterpoint Research released on Friday. Samsung led the market with 28 percent, down slightly from 29 percent in the previous quarter, while SK hynix ranked second with 19 percent, giving the two South Ko
SEOUL, September 03 (AJP) -U.S. Commerce Secretary Howard Lutnick reiterated that the Trump administration is preparing a new round of semiconductor tariffs designed to push foreign chipmakers to expand production in the United States. “I think what you're going to see is targeted, thoughtful tariff policy that basically says if you build here, you don't pay, but if you don't build here, expect to pay to enter the greatest market in the world,” Lutnick tol
SEOUL, September 01 (AJP) -Samsung Electronics is betting on denser, faster and cooler memory to strengthen its position in the HBM race as artificial intelligence drives a fundamental shift in the global memory market. Its new “CUBE” strategy is designed to pack more memory into the same space while shortening the physical distance data must travel — a combination Samsung says can increase bandwidth while reducing power consumption and heat. The strategy come
SEOUL, September 01 (AJP) - South Korea added high-performance AI chips and advanced semiconductor manufacturing equipment to its strategic export control list Tuesday, requiring exporters to obtain government approval before shipping the items overseas. The Ministry of Trade, Industry and Resources said the revised Public Notice on Strategic Goods Export and Import took effect the same day. The revision reflects more than 80 changes agreed under four international export contr
SEOUL, August 28 (AJP) -SK hynix has broken ground on a more than $4 billion HBM facility in Indiana and Samsung Electronics is preparing to bring its long-delayed Taylor, Texas fab online. Both investments deepen South Korea's semiconductor footprint in the United States. They nevertheless stop at the fault line Washington is increasingly pressing Korean chipmakers to cross — producing advanced memory wafers on American soil. SK hynix's Indiana plant illustra
