Famed activist fund KCGI said on Thursday that it has acquired a 7.05% stake in chip foundry DB Hitek.The purchase makes KCGI, which stands for Korea Corporate Governance Improvement, the second largest shareholder of the chip company after DB Inc, which controls 12.42%.KCGI said that it was acquiri

LG Energy Solution CEO Kwon Young-soo said on Friday that the company will begin manufacturing lithium iron phosphate (LFP) batteries for energy storage systems this year.Kwon also confirmed that the company will begin manufacturing LFP batteries for EVs in 2025, following the battery maker’s annual

Hanmi Semiconductor vice chairman and CEO Kwak Dong-shin saw a huge valuation margin from his investment in fab equipment maker HPSP made two years ago, TheElec has learned.Kwang and Hanmi Semiconductor together bought 25% of the stock in the private company HPSP. Each spent 37.5 billion won for 12.

It seems Japan’s trade restriction against South Korea for certain key materials used in advanced tech production that lasted four years is about to end.The South Korean government has agreed to pay compensation to its own citizens who were forced to work in Japanese factories during World Word Two.

The CEO of production equipment maker SFA said on Tuesday that the acquisition of CMOS image sensor maker CIS will allow it to offer turn-key deals in the battery sector.SFA CEO Kim Young-min said during its earnings call for 2022 that the company is planning to maximize its synergy with CIS going f

Atomic force microscopy (AFM) company Park Systems is aiming to increase its revenue by 30% this year.Park Systems director Cho Sang-joon told TheElec that the company expects the goal will be met despite the downturn of the chip market.Last year the company recorded 122.1 billion won in revenue and

Hanwha Momentum has won an equipment deal likely worth over 100 billion won from Sweden’s Northvolt for use in commercial battery production, TheElec has learned.The Korean equipment maker had attempted to win orders for electrode equipment from the battery maker in the past.But it had always lost t

Korea Zinc is grouping its disparate battery material business units under one roof.Its staff from its two subsidiaries related to the battery value chain will all be housed at the Youngpoong building in Gangnam where Korea Zinc is based, sources said.The two companies are nickel sulfur producer KEM

SK Hynix has reshuffled its CMOS image sensor (CIS) team in a bid to shift focus from expanding market share to developing high-end products, TheElec has learned.Its CIS team was a singular organization prior to the changes, but the company has now created sub-teams that focus on specific functions

SFA said on Wednesday that it has signed a contract worth 142.1 billion won with Tianma to supply display production equipment.The South Korean equipment maker will be supplying its logistics equipment to the Chinese display panel maker.Tianma will be using these kits for its Gen 8.6 liquid crystal

SK On’s factory in the US suffered a fire incident sometime during September this year, TheElec has learned.The fire happened on the part of the line where the formation process is done during battery production at the plant in Georgia state, sources said.The fire was extinguished quickly by the sta

LG Energy Solution is aiming to have its suppliers burden the cost when the company faces problems such as battery fires, TheElec has learned.As an incentive for the suppliers, South Korean battery maker is offering long-term contracts to companies that agree to the term.These contracts also include

China’s BOE has been removed from the official list of suppliers for this year of Samsung published by the South Korean tech giant.Meanwhile, China’s Sunny Optical was newly added __ Japan’s Alps Electric, Nitto Denko, and Rohm were also noticeably absent.Samsung publishes its list of suppliers bian

South Korean chipmakers Samsung and SK Hynix are expected to showcase their latest technologies at ISSCC 2023 being held in San Francisco in February of next year.ISSCC, or the International Solid-State Circuits Conference, is called the semiconductor design Olympics by South Korean the chip industr

SK Hynix was developing a new CMOS image sensor (CIS) that uses neural network technology, TheElec has learned.The South Korean memory giant is planning to embed an AI accelerator into the CIS, sources said.The accelerator itself is based on SRAM combined with a microprocessor __ also called in-memo

LG Display’s plan to invest in OLED on silicon (OLEDoS) production is facing delays.The company was originally expected to place orders for the equipment needed for production sometime in the third quarter.But LG Display is yet to do so and a decision is unlikely until December, sources said.OLEDoS

Batteries, biopharmaceuticals, and chips. These three products are largely considered to be Samsung’s three growth engines today by observers of the South Korean conglomerate.Samsung SDI is the subsidiary that handles batteries.But in contrast to the other two products, Samsung SDI’s investment in t

Samsung System LSI, Samsung’s logic chip designing business unit, has been registered as a secondary vendor of automotive CMOS image sensor (CIS) for Hyundai Motor’s latest car model, TheElec has learned.The primary vendor for the car model, which launched during the first half of the year, is Omniv

Samsung said on Thursday that its board of directors appointed vice chairman Jay Y. Lee as its executive chairman.The tech giant said the decision was made to strengthen accountability and stabilize management amid the worsening global business environment.Lee was designated legally the leader of Sa

South Korean fabless chip firm Pixelplus will show of engineering samples of its automotive CMOS image sensor to customers during the first quarter.The new product, called PK5130KA, will begin mass production during the second half of 2023 and contribute to the company’s revenue in 2024, Pixelplus s