Siemens expects the global chip market to recover on the back of mega trends such as autonomous driving and AI.The chip industry was going through a fourth downturn and in the past the market has always grown substantially after such a downturn, Joseph Sawicki is Executive Vice President, Integrated

LG Energy Solution is planning to spend 7.2 trillion won to build a new battery plant in Arizona.The new plant to built at Queen Creek, Arizona will manufacture cylinder, lithium iron phosphate (LFP) and energy storage system (ESS) batteries, the South Korean battery maker said following its board m

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

DB Hitek will for the first time supply its OLED display driver ICs aimed at smartphone panels to Samsung Display, TheElec has learned.DB Hitek will begin supplying the 40-nanometer (nm) DDIs to Samsung Display during the second half of 2023, for use in OLED panels in Samsung smartphones.The company

Samsung is expanding the use of automation in its sub-fabs that supply gases and chemicals to fabs, TheElec has learned.The South Korean tech giant is automating the drum logistics systems and installing more automatic clean quick couplers in its sub-fabs, sources said.This was being done to increas

Samsung Electro-Mechanics was developing components for small solid-state batteries.Samsung Electro-Mechanics CEO Chang Duck-hyun told reporters after the company’s shareholders meeting on Tuesday that the company had the technology to make solid oxide at high temperatures thanks to its experience m

Samsung will be designing and manufacturing the logic chips that Hyundai Motor plans to use for advanced driver assistance (ADAS) and infotainment in its future vehicles, TheElec has learned.This is the first such deal between Samsung and Hyundai Motor, the two largest conglomerates in South Korea.S

SemiFive has secured Doosan Group as an investor in its Series C funding round, TheElec has learned.The system chip design house had aimed to secure 60 billion won in funding during the round but expected secure a total of 70 billion won from investors including Doosan Group.LB Investment and SV Inv

Hyundai Motor Group is highly likely to launch an electric vehicle this year that uses lithium iron phosphate (LFP) batteries made by CATL, TheElec has learned.CATL’s LFP battery was being prioritized over batteries of other vendors for use in the Gen 2 Kia Ray EV that will launch this year, sources

Telechips is developing an AI SoC aimed at autonomous driving applications using IP from Sapeon, the AI chip subsidiary of SK Group, TheElec has learned.The chip supports an advanced driver assistance system and will use Sapeon’s AI accelerator IP, sources said.The chip will be manufactured using Sa

Registering clock driver chip developer One Semiconductor will begin production of RCD for server DDR5 DRAM during the second half of the year.Company CEO Kim Chang-hyun told TheElec that One Semiconductor was already manufacturing DDR4 RCD as of last year after passing all required quality tests.It

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, the battery equipment-making subsidiary of Hanwha Corporation, was asked by SK On to make compensations for the fire that happened at the latter’s battery factory in the US, TheElec has learned.The fire at SK On’s factory in the US started at the formation process part of the produc

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

South Korean chip foundries are continuing to record lower operation rates in their production facilities, a trend that is expected to continue up to at least the second quarter.South Korea is home to foundries, or contract chip makers, such as Samsung, DB Hitek, Key Foundry, Magnachip, and SK Hynix

Inkjet printing company Unijet has been chosen as the supplier of RGB inkjet printers in a government-backed project.South Korea’s Ministry of Trade, Industry and Energy, along with the local government of South Chungcheong Province, is leading a project dubbed Display Innovation Process Platform Bu

Samsung Foundry, the contract chip-producing business unit of Samsung, has built a system that allows its key partners to have sales and maintenance rights of the chip giant’s IPs.The company has previously done this on its own but it seems it is now making a middleman distribution system for its IP

Cosmos Advanced Materials is expected to start mass production of precursors used in the production of battery cathodes during the third quarter, TheElec has learned.The company bought the equipment needed for the production from battery maker Samsung SDI’s subsidiary STM in February 2020.The new li

Apple is planning to use hole-display for all four models of its iPhone 15 series, TheElec has learned.Hole-display has a hole in the display panel where the front camera is located, allowing there to be more screens compared to notches.Cupertino applied this technology to two models of its latest i

Samsung is planning to launch an X-ray machine with 3D time of flight (ToF) image sensor technology next year, TheElec has learned.The image sensor, the core of the ToF module, will be manufactured by Sony.The machine will launch sometime during the first half of next year and Samsung is expected to