LG Elec wins Nvidia nod, eyes bigger role in AI data centers SEOUL, July 27 (AJP) - LG Electronics has cleared a key hurdle in its AI infrastructure push after receiving Nvidia's qualification for its coolant distribution unit (CDU), the company said Monday. The CDU is a liquid-cooling system designed to circulate coolant through cold plates attached to GPUs and CPUs, removing heat generated by high-performance AI servers. The system is designed to complement conventional air-cooling infrastructure as power density in AI server racks co July 27, 2026

Hanwha Aerospace signs big deal, possibly linked to Spain's howitzer program SEOUL, July 27 (AJP) - Hanwha Aerospace has signed a major deal valued at least 2.5 percent of its annual sales, according to the Financial Supervisory Service's electronic disclosure system on Monday. The aerospace company said the deal was signed last Friday, but it did not disclose details such as the contractor, items to be supplied or contract period at the counterparty's request. "We will make a follow-up disclosure once the reason for confidentiality July 27, 2026

Celltrion confirms record quarterly profit above preliminary estimate SEOUL, July 27 (AJP) - Celltrion confirmed record second-quarter earnings on Monday that came in above its own preliminary estimate, as newer, higher-margin biosimilars and faster cost improvements outpaced the company's initial reckoning. Final audited revenue rose 45 percent from a year earlier to 1.39 trillion won ($953 million), while operating profit jumped 86.3 percent to 451.8 billion won, the biosimilar maker said in a regulatory filing. Both figures topped the prelim July 27, 2026

Samsung opens Galaxy Z8 preorders as record Fold7 demand sets high bar SEOUL, July 27 (AJP) - Samsung Electronics will begin taking preorders in South Korea on Tuesday for its latest foldable smartphones, testing whether a broader lineup and storage incentives can sustain demand after last year’s record-breaking launch. Preorders for the Galaxy Z Fold8 Ultra, Galaxy Z Fold8 and Galaxy Z Flip8 will run from July 28 through Aug. 3, Samsung said Monday. Customers can receive and activate the devices from Aug. 4, ahead of their official domestic re July 27, 2026

SK hynix holds onto rival Kioxia as AI turns NAND into battleground SEOUL, July 26 (AJP) — Bain Capital earlier this month has closed the book on one of the biggest private equity wins of the artificial intelligence era by fully exiting Japanese memory chipmaker Kioxia. SK hynix, however, is staying put. The South Korean memory giant continues to hold an indirect 14 percent stake in Kioxia through a special-purpose investment vehicle established during Bain's 2018 acquisition of Toshiba Memory, underscoring that the investment has ev July 26, 2026

Samsung-Broadcom AI pact signals race for long-term chip supply SEOUL, July 26 (AJP) - Samsung Electronics' sweeping five-year semiconductor partnership with Broadcom underscores a structural shift in the AI era, as leading technology companies increasingly lock in long-term chip supplies rather than rely on the notoriously volatile memory market. The memorandum of understanding, unveiled during the AI Summit in San Francisco on Friday, extends Samsung and Broadcom's collaboration through 2030 across high-bandwidth memory (HBM), advanc July 26, 2026

Korea's big chip week begins as SK hynix, Samsung face AI boom reality check SEOUL, July 26 (AJP) - South Korea's technology sector enters its most closely watched week of the earnings season as memory giant SK hynix reports second-quarter results on Wednesday, followed by Samsung Electronics' full earnings on Thursday, with investors looking beyond record profits for clues on whether the AI-driven semiconductor boom still has room to run. The two companies now sit at the center of the global AI infrastructure cycle, and their earnings conference c July 26, 2026

HD Hyundai Samho secures crane project in US as part of MASGA SEOUL, July 26 (AJP) -South Korea's Make American Shipbuilding Great Again (MASGA) initiative recorded its first visible commercial milestone after HD Hyundai secured a contract to supply four port cranes for an HMM-operated terminal in the U.S., in a project combining Korean shipbuilding, steelmaking and port logistics. HD Hyundai said Sunday that HD Hyundai Samho signed an agreement with Washington United Terminals (WUT), the operator of HMM's container terminal at the P July 26, 2026

Korean firms strike $950 billion chip deals with US big tech SEOUL, July 25 (AJP) - South Korean companies and American technology giants will pursue semiconductor cooperation worth a combined $950 billion over the next five years, the presidential Blue House said Saturday, putting a price on the summit President Lee Jae Myung convened in San Francisco a day earlier. Kim Yong-beom, the presidential policy chief, gave the figure at a briefing at the press center in San Francisco, breaking down the results of the San Francisco AI Summit acros July 25, 2026

Korean shipbuilders expand US partnerships in $150B cooperation push SEOUL, July 24 (AJP) - South Korea’s three major shipbuilders are expanding partnerships with U.S. companies in naval ship design, smart shipyards, workforce training and supply chains, as Seoul moves to accelerate a $150 billion shipbuilding cooperation package with Washington. The moves follow the opening of the Korea-U.S. Shipbuilding Partnership Center in Washington, D.C., this week. The center is expected to serve as a key platform for Korea’s participation in effor July 24, 2026