Solus Advanced Materials said on Tuesday that it has supplied specialized copper foil to Airbus.Solus’ European subsidiary, Circuit Foil Luxembourg, supplied to lightning strike protection (LSP) copper foil for aerospace application.The foils are used to protect the surface of the body of planes fro

LG Chem said on Tuesday that it has invested 150 billion won in a fund that plans to invest in promising battery material companies.The South Korean chemical giant has put in money in Korea Battery & ESG Fund run by local hedge fund IMM Credit Solution.The fund will be worth over 400 billion won and

Samsung Electronics said on Tuesday that it has developed a new DRAM based on the Compute Express Link (CXL) interface.The DDR5 module has been verified on Intel’s platform. Samsung said it will collaborate on the launch of the chip with other data center and cloud companies.CXL interface allows CPU

SK IE Technology on Tuesday listed on Seoul stock market.At the listing ceremony, company CEO Roh Jae-sok said SK IE Technology will work to secure differentiated technology in battery separators to contribute to the growing electric car industry.The separator currently has a capacity of 1.03 billio

APS Holdings said on Monday that it has been named by the South Korean government to lead a project to develop MicroOLED display for use in augmented reality (AR).APS and others in the project will aim to develop a 4,000ppi AR glass prototype by 2024.AR glasses are usually used outdoors. This means

The global OLED emitting material market will grow 17% in 2021 compared to last year to be worth US$1.52 billion, according to market research firm UBI Research.South Korean panel companies will buy 74.3% of the total material, while their Chinese counterparts will account for 25.7%, the research fi

Samsung Display said on Thursday that its OLED panels for panel can lowered its power consumption by 25% when its dark mode is on.The South Korean display maker supplied the panels for Samsung Electronics’ newly unveiled Galaxy Book Pro series of notebooks.Samsung Display said the notebooks’ batteri

Seoul Semiconductor said on Tuesday that it has recorded 310.4 billion won in sales and 20.5 billion won in operating income in the first quarter of 2021.Sales increased 27.6% year-on-year, while operating income jumped 243.4% over the same time period.Seoul Semiconductor said it saw improved perfor

EcoPro BM said on Tuesday that it was in talks with a European company to build a cathode factory in the continent for a potential supply deal.The Korean battery material firm is aiming to have the factory begin operating between 2024 and 2025.It has received cathode supply request from multiple Eur

Kolon Industries said on Monday that it has supplied its colorless polyimide (CPI) film to Xiaomi for use as cover window for the Mi Mix Fold smartphone.Xiaomi is aiming to ship around 500,000 units of the foldable smartphone. The firm prepared an initial stock of 30,000 units for Mi Mix Fold. The p

LG Electronics is considering selling its battery separator business to LG Chem, TheElec has learned.Under the plan, which is being reviewed by LG Electronics, it will transfer control over its related factories in Cheongju, South Korea and Wroclaw, Poland, to LG Chem.Representatives of the companie

Solus Advanced Materials said on Monday that it will expand the production capacity of its copper foil factory in Luxembourg to meet rising demand from 5G.Its subsidiary there, Circuit Foil Luxembourg, will expand its production capacity from 12,000 metric tonnes a year to 15,000 metric tonnes a yea

SK Nexilis will be supplying its copper foil to US electric car firm Tesla.SK Nexilis CEO Kim Young-tae said on Friday at the conference call for the company’s first quarter earnings that the firm will be supplying battery copper foil to a US-based company “T”.Kim didn’t directly mention the name of

LG Energy Solution and Lotte Rental said on Friday that the pair will collaborate in battery-as-a-service (BaaS) for electric cars.Under the partnership, LG will measure batteries’ capacity and their remaining life span, as well as issue certificate for their status. Lotte will strengthen its own sa

SK Innovation said on Friday that it will collaborate with affiliate SK Rent-a-Car to develop a battery usage data analysis system.The system will be used predict battery life and potential overheating in battery for electric cars.The system will be trialed in electric cars that are rented out by SK

LG Electronics said on Thursday that it has posted 18.8 trillion won in revenue and 1.516 trillion won in operating income in the first quarter.Revenue jumped 27.7% and operating income 39.1% from a year ago.Both revenue and operating income was the company’s highest quarterly result ever.LG said st

Samsung Electronics marked 65.39 trillion won in revenue and 9.38 trillion won in operating profit in the first quarter this year.Revenue was the highest ever for a first quarter, Samsung said. Operating income rose 45% year-on-year.The South Korean tech conglomerate saw its mobile and consumer elec

SK Innovation and Kia said on Thursday that they have secured technology to reuse lithium in used batteries.The pair has also laid the foundation for an ecosystem around recycling used batteries, they said.The companies have been trialing their battery recycling business for the past year.SK Innovat

SK Innovation said on Wednesday that it sold 40% of its stake in SK Lubricants to IMM Credit Solution.SK Lubricants was valued at 3.3 trillion won by the pair. The stakes were sold at 1.1 trillion won minus debts. Citigroup Global Markets Korea Securities underwrote the deal.SK Innovation said it wi

Samsung Electronics on Wednesday unveiled its new notebook series the Galaxy Book Pro that sport OLED panels at its Unpacked event.Galaxy Book Pro and Galaxy Book Pro 360 will come in 15.6-inch and 13.3-inch sizes. The 360 model has a 360-degree revolving screen and offers S Pen support.A total of f