Dawonsys said on Tuesday that it was issuing 65.6 billion won worth of new shares.Around 3 million regular shares will be allotted in March 14, the company said. The new shares will begin trading in May.The company said it plans to use the fund to fuel its new semiconductor and display equipment bus

Samsung Display said on Sunday that it has collaborated with the Korea Institute of Science and Technology Information to develop a simulation platform to evaluate OLED materials.Called Sync-OLED, the platform can simulate the basic characteristics of OLED materials and movements of electrons.It was

Chip testing equipment maker Hprobe said on Friday that it has won an order for its wafer-level magnetic tester from South Korea’s largest chip firm.The French company offers various testing equipment for semiconductor devices.The firm’s major product is its IBEX platform, used to test MRAM, is comp

Display equipment maker Philoptics said that it has named a new CEO for its battery equipment making subsidiary Philenergy.Kim Kwang-il, who had been a president at Philoptics since 2018, was named to the top post. He previously worked at Samsung SDI for 21 years. Philoptics said it expects Kim to s

LG Energy Solution said it will procure lithium hydroxide from Germany’s Vulcan Energy.Lithium hydroxide can be easily synthesized with nickel and is used to make electric vehicle batteries.The South Korean battery maker said it plans to procure 45,000 metric tonnes of the material from Vulcan Energ

LG Electronics said it has recorded 74.72 trillion won in revenue and 3.86 trillion won in operating income for the entire year of 2021.The revenue figure is its highest to date, which the South Korean electronic maker credited to high sales of premium home appliances.Revenue increased 28.7% from 20

Share prices of LG Energy Solution soared in its debut on the South Korean bourse on Thursday, making the company the second most valued company on KOSPI instantly.The South Korean battery maker was valued at 110 trillion won in its debut, putting it just behind Samsung Electronics’ valuation of 439

LG Energy Solution, together with General Motors, is planning to build a third battery factory in the US with a capacity of 50GWh.The pair’s joint venture, Ultium Cells, will spend US$2.6 billion on the project, which is expected to be completed during the second half of 2024.Ultium Cells is current

US glass firm Corning said on Tuesday that it has launched a new glass composition for applications in augmented and mixed reality wearable devices.2.0 high-index glass enables a wider field of view and enhanced optical clarity, the company said.The field of view for one piece of glass is 30 degrees

AI Korea said it has secured 7 billion won in its pre-IPO funding round from institutional investors.The company began manufacturing battery production in 2014.It supplies central electrolyte supply systems to LG Energy Solution’s factory in Poland.It also supplies kits to SK On and Samsung SDI.AI K

Samsung Display unveiled its quantum dot (QD) organic light emitting diode (OLED) panels for the first time at CES 2022.The company showcased three versions of QD-OLED at a private booth __ 55-inch and 65-inch models for TVs and a 34-inch model for monitors, which has a response time of 0.1ms, accor

SK Gen Centric and Tokuyama said on Wednesday that the pair will form a joint venture to produce isopropyl alcohol (IPA).IPA used in wafer fabrication and the production of liquid crystal display as a cleaner.The pair will invest 120 billion won for a 50/50 share of the joint venture, which will bui

Chinese battery giant CATL maintained its dominant position in the electric vehicle (EV) battery market from January to November this year, according to analyst firm SNE Research.The company held a 31.8% market share during the time period __ over ten points ahead of South Korea’s LG Energy Solution

FST will begin producing its first extreme ultraviolet (EUV) pellicles in 2023, a company executive said on Wednesday.FST executive vice president Choi Jae-hyouk also said during the 2021 Semiconductor EUV Ecosystem Big Trend Relay Conference hosted by TheElec that the fab equipment and material mak

Smartphone glass firm Ryuk-Il C&S said on Tuesday that it has acquired chemical firm C&A for 1.8 billion won.Ryuk-Il C&S has been looking for new business opportunities since its customer LG Electronics’ exit of their smartphones business in April.LG Electronics had accounted for 80% of Ryuk-Il C&S’

New Samsung Electro-Mechanics CEO Chang Duck-hyun visited the company’s facility in Busan, his first official move as CEO of the component arm of Samsung.The facility and Busan manufacture multi layer ceramic capacitors (MLCC) and flip-chip ball grid arrays (FC-BGA), two key products for the company

SK On said on Friday that it has named SK Group vice chairman Chey Jae-won as an independent CEO and inside director of the company.SK On was previously the battery unit of SK Innovation, which it split off from in October.Chey, who is the younger brother of SK Group chairman Chey Tae-won, will join

AP Systems said that its accumulated sales up to the third quarter this year from fab equipment increased 60% year-on-year.The South Korean display kit maker said it has recorded 55.9 billion won in sales from fab equipment up to the third quarter, or 16% of its total.The latest figure is its highes

The market for OLED materials used in mobile and TV products is expected to be worth US$1.74 billion this year, according to analyst firm UBI Research.This market will grow 9% per year on average up to 2025 when it will be worth US$2.29 billion, the firm said.OLED materials used in tablets and noteb

Samsung SDI said on Tuesday that it has named Yunho Choi, previously the head of Samsung Electronics’ Management Support Department, as its new CEO.Current CEO Jun Young-hyun will be promoted to vice chairman and oversee the company’s ESG efforts.New CEO Choi joined Samsung Electronics 1987 and had