Industry

  • Samsung unveils plans to strengthen AI chip production capability
    Samsung unveils plans to strengthen AI chip production capability SEOUL, June 13 (AJU PRESS) - Samsung Electronics has unveiled plans to enhance its capability in manufacturing artificial intelligence chips by adopting advanced foundry technology by 2027. Samsung, the world’s largest memory chip maker, is striving to catch up with rivals Taiwan Semiconductor Manufacturing Co. (TSMC) and SK hynix in the fast-growing AI chip market. At the annual Samsung Foundry Forum in San Jose, California, on Wednesday (local time), the company announced June 13, 2024
  • Ethical consumption takes a hit as inflation squeezes wallets
    Ethical consumption takes a hit as inflation squeezes wallets SEOUL, June 12 (AJU PRESS) - The past decade saw the rise of ethical consumption, with shoppers choosing products that align with their values, be it fair trade coffee, organic produce or environmentally friendly cosmetics. But recent price hikes and economic slowdown have rendered conscious purchasing habits increasingly hard to maintain. "Prices are so high these days, it makes me hesitant to buy shampoos from my regular zero-waste shop," said Kate McDowell, 30, a regula June 12, 2024
  • LG unveils next-generation microLED display at InfoComm
    LG unveils next-generation microLED display at InfoComm SEOUL, June 12 (AJU PRESS) - LG Electronics is set to unveil a suite of cutting-edge B2B display solutions powered by artificial intelligence (AI) technology at InfoComm 2024, North America’s largest commercial display exhibition, held in Las Vegas. Headlining LG's booth at the exhibition, which opens Wednesday (local time) for a three-day run, is the company's next-generation microLED display making its global debut. AI plays a pivotal role in the product from the p June 12, 2024
  • LG Uplus, DeePX to jointly develop on-device AI solutions
    LG Uplus, DeePX to jointly develop on-device AI solutions SEOUL, June 11 (AJU PRESS) - LG Uplus Corp., a telecom carrier, and DeePX, a tech startup, have signed a deal to jointly develop on-device artificial intelligence (AI) solutions. Under the agreement, LG Uplus will design customized on-device AI solutions incorporating its ixi-GEN generative AI technology, and DeePX will develop and optimize neural processing units (NPUs) to run the solutions on various devices such as robots, home appliances, and smart mobility systems. NPUs are June 11, 2024
  • AI reshaping newsrooms as publishers race to adapt
    AI reshaping newsrooms as publishers race to adapt The World Association of News Publishers (WAN-IFRA) issued its annual report “Innovation in News Media World Report 2024-25" in late May, highlighting major challenges faced by the global news industry. The following is the first in a four-part series summarizing key insights from the report. This first installment focuses on AI-powered newsrooms. – Ed. SEOUL, June 10 (AJU PRESS) - Newsrooms around the world are being upended by artificial intelligence (AI) at June 10, 2024
  • Unionized workers stage first strike at Samsung Electronics
    Unionized workers stage first strike at Samsung Electronics SEOUL, June 7 (AJU PRESS) - Unionized workers at Samsung Electronics staged the first-ever strike at the tech giant on Wednesday, with the one-day action expected to have minimal impact on production. The National Samsung Electronics Labor Union had instructed its 28,000 members to use paid leave on the day after wage negotiations with the management fell apart early last week. The union, which represents 22 percent of the 125,000 employees of the world's largest maker of mem June 7, 2024
  • Samsung Climate Controls stock soars amid growing demands for data center cooling devices
    Samsung Climate Control's stock soars amid growing demands for data center cooling devices SEOUL, June 5 (AJU PRESS) - Samsung Climate Control's stock price has soared amid growing demand for cooling devices for data centers, driven by the ongoing artificial intelligence (AI) boom. The company's shares closed at 14,990 won ($10.94) on Tuesday, marking a 22.82 percent increase from the previous day's close. The car parts unit of the tech giant Samsung specializes in HVAC (heating, ventilation, and air conditioning) technology. Data centers, the backbone of A June 5, 2024
  • LS Cable to invest 100 billion won in Donghae submarine cable factory expansion
    LS Cable to invest 100 billion won in Donghae submarine cable factory expansion SEOUL, June 4 (AJU PRESS) - LS Cable & System plans to invest about 100 billion won ($75 million) to expand its submarine cable factory in the eastern city of Donghae, Gangwon Province. The company signed an investment agreement with local authorities on Monday to fund the construction of a fifth submarine cable building, covering an area of 19,451 square meters (209,387 square feet). Upon completion in the second half of next year, the facility will quadruple LS Cable's June 4, 2024
  • Seoul Tourism Organization launches new app for foreigners travel pass
    Seoul Tourism Organization launches new app for foreigners' travel pass SEOUL, June 4 (AJU PRESS) - The Seoul Tourism Organization (STO) announced on Wednesday the launch of a new mobile application for its Discover Seoul Pass, a tourist pass designed to provide foreign visitors with access to various attractions and facilities in Seoul at discounted rates or for free. According to the STO, the updated app aims to improve user convenience by offering a more mobile-friendly interface compared to the previous web view format. The app also introduces new f June 4, 2024
  • Hyodol provides AI robots to care for elderly people
    Hyodol provides AI robots to care for elderly people SEOUL, June 3 (AJU PRESS) - Korean robot maker Hyodol has provided its artificial intelligence-based robots, designed to care for elderly people, to 1,100 households in the southern province of South Jeolla. The provincial government has adopted its companion robots, also named Hyodol, as part of measures to address the challenges of an aging society, the company said Monday. The robots monitor and communicate with elderly people, reminding them to take medication and go for stro June 3, 2024