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SK Ecoplant to merge with 2 promising group units ahead of IPO SEOUL, July 17 (AJU PRESS) - SK Ecoplant, a construction arm of SK Group, is expected to absorb two group companies as part of efforts to improve its bottom line ahead of its planned public offering. Industry sources said SK Ecoplant’s board may approve its integration of SK Materials Airplus, an industrial gas company, and Essencore, a semiconductor processing and distribution unit, on Thursday. SK Materials Airplus produces industrial gases required for semiconductor processes and supp July 17, 2024
Samsung expects over 15-fold increase in second-quarter operating profit amid AI boom SEOUL, July 5 (AJU PRESS) - Samsung Electronics expects its operating profit to have jumped more than 15-fold in the second quarter, driven by surging demand for memory chips amid the artificial intelligence boom. In its preliminary earnings guidance issued on Friday, the Korean tech giant estimated its operating profit increased by 1452.24 percent year-on-year to 10.4 trillion won during the April-June period, while revenue swelled by 23.31 percent to 74 trillion won, both far exceeding expect July 5, 2024
Samsung refrigerator boosts energy efficiency with AI, chip technologies SEOUL, June 20 (AJU PRESS) - Samsung Electronics said Thursday its new Bespoke AI Hybrid Refrigerator increases energy efficiency by up to 30 percent compared to conventional models, thanks to the adoption of artificial intelligence and semiconductor technologies. The refrigerator, released in March, adopts a hybrid cooling system that integrates a semiconductor device called Peltier with the conventional compressor. Both operate together to improve cooling energy efficiency. The product also June 20, 2024
Samsung Electronics records operating profit of $2.1 bln in 4Q 2023, down 34.4% year-on-year SEOUL -- Amid the sluggish global semiconductor market, Samsung Electronics saw its sales and operating profit decrease in the fourth quarter of 2023. The tech giant's operating profit of about 2.8 trillion won ($2.1 billion) in 4Q 2023, down 34.4 percent from the same period a year ago. The conglomerate announced its financial report on January 31 and said that Samsung recorded 67.78 trillion won in sales and an operating profit of 2.82 trillion won. The sales also indicate a 34.4 percent January 31, 2024
Samsung Electronics records semiconductor revenue of $39.9 bln in 2023, down 37.5% percent year-on-year: market data SEOUL -- Due to the sluggish global semiconductor market, Samsung Electronics faced a significant revenue decline in 2023. Data released by market research firm Gartner showed that the technology giant's global semiconductor revenue was $39.9 billion in 2023, down 37.5 percent from a year ago. The global market research firm reported on January 16 that worldwide semiconductor revenue dropped 11.1 percent year-on-year to $533 billion last year. Samsung secured the second position in global January 17, 2024
STI to build power semiconductor material plant in Busan by 2026 SEOUL -- South Korea's power semiconductor material supplier STI has partnered with the southern port city of Busan to build a plant for power semiconductor materials by 2026. At the facility, STI will produce components of silicon carbide power semiconductors, which are emerging as key components of electric vehicles. Silicon carbide (SiC) power semiconductors are used to control the direction of current and power conversion in electric vehicles (EVs), electronic August 22, 2023
Samsung leads investment project to create new semiconductor wastewater solution SEOUL -- In a bid to create a new solution for semiconductor wastewater, Samsung Electronic's venture capital wing invested in Membrion, a wastewater treatment startup based in Seattle. Through the investment project led by the South Korean company and British venture capital Lam Capital, Membrion attracted $12.5 million. Wastewater generated during the semiconductor manufacturing process contains various harmful heavy metals. It can cause critical damage August 11, 2023
S. Korea's exports in April 2023 declines 14.2% year-on-year Yonhap News Photo] SEOUL -- South Korea's total exports have declined for seven consecutive months while domestic firms suffer from a steep fall in exports of semiconductors. The country has also experienced a trade deficit for 14 months since March 2022. Data released by South Korea's trade ministry showed said that exports this month were tallied at $49.62 billion, down 14.2 percent from the same period in 2022. Exports of semiconductors plunged 41 percent and information technolog May 1, 2023
South Korea to accelerate development of new materials in bid to reduce dependency on foreign products SEOUL -- South Korea revealed a blueprint to nurture future technology laboratories specializing in the development of new materials in a bid to boost the growth of the country's growth engines such as semiconductors, future vehicles, and electric components, and reduce dependency on foreign products. The government has designated 100 prioritized future materials that should be focused on. South Korea was pushed to a risky position in 2019 when Japan took retaliatory steps to regulate expo March 23, 2023
S. Korea to beef up key strategic industries under 'New Growth Strategy 4.0' SEOUL -- The Ministry of Economy and Finance has announced a new growth strategy to help South Korea keep its technological competitive edge in the country’s three strategic industries -- semiconductors, batteries and displays. On February 20, the ministry unveiled "New Growth Strategy 4.0" aimed at finding new economic engines. It plans to work out more than 30 detailed tasks to support the key industries. The ministry said that it will begin to implement around 20 of the task February 21, 2023