Fab equipment maker Hanmi Semiconductor said on Monday that it has recorded 108.7 billion won in sales and 35.7 billion won in operating income in the second quarter.It is the company’s best quarterly sales figure to date.Sales increased 77% from the same time period in 2020, while operating income

Camera lens firm Haesung Optics and camera module inspection equipment maker isMedia will collaborate in developing expanded reality (XR) devices and contents, the pair said on Wednesday.They will also collaborate to make inspection equipment more sophisticated.A Haesung spokesperson said it will us

LG Chem said on Wednesday that it plans to spend 6 trillion won into its battery business by 2025.It will spend a total 10 trillion won on what it calls its three new growth engine by that year, company vice chairman Shin Hak-cheol said.LG Chem will spend 6 trillion won into its battery business, 3

A total of 122 models of OLED smartphones were launched in the first half of 2021, according to market research firm UBI Research.Out of the total, 119 models, or 97.5%, were in the 6-inch range in terms of size, the firm said.This is a 20 point increase from 2018, when 78% of OLED smartphones had 6

LG Chem said on Monday that it plans to expand its production lines for nitrile butadiene latex (NBL) across Asia.It will gradually expand its lines at South Korea, China and Malaysia, the company said.NBL is used in nitrile gloves. It is more elastic than silicon pouch and can block oxygen over fiv

SK Hynix has begun the production of 10-nanometer (1a) 8Gb LPDDR4 mobile DRAM this month, the company said on Monday.It was also applying the extreme ultraviolet (EUV) process for the memory, SK Hynix aid.It is the first time that SK Hynix has applied EUV in its DRAM production. The new chip will be

Japan’s Toyocolor said on Thursday that it will be supplying its carbon nanotube (CNT) to SK Innovation’s operations in North America and Europe.CNT has the same level of conductivity as copper but has hundred times the strength of iron.Many companies are developing related components to supply to b

Posco Chemical said on Thursday that it plans to build a new cathode factory at Pohang with an annual capacity of 60,000 metric tonnes per year.The company will spend 600 billion won to build the factory on 120,000 meter-square of land starting in 2022.Once the new factory is complete, Posco Chemica

LG Electronics said on Wednesday that it has recorded 17.11 trillion won in sales in the second quarter, its highest figure to date.Meanwhile, operating profit increased 65.5% year-on-year to 1.11 trillion won.The figure matches that of South Korean analysts’ consensus of 17.2 trillion won in sales

Chunbo BLS, a subsidiary of chemical firm Chunbo, will spend 512.5 billion won to build a lithium bis(fluorosulfonyl)imide factory.The factory will take up a space of 171,000 meter-square and be built at government-backed Saemangeum Development and Investment Agency’s industrial zone.Chunbo BLS will

Samsung’s earnings for the second quarter beat market expectations thanks to stronger than expected performance from its memory business.A one-time profit in its display business is also thought to have contributed the strong earnings.The company said on Wednesday that it recorded 63 trillion won in

LG Corporation said on Friday that it will acquire a stake in Kakoa Mobility for 100 billion won.The holding company of the LG business group said it was looking for synergy between the mobility firm and its subsidiaries LG Energy Solution and LG Electronics.LG Energy Solution will secure battery tr

Seoul Semiconductor has won a patent lawsuit it filed against a US distributor.On Thursday, the United States District Court for the District of New Jersey ruled in favor of the Korean LED maker, saying Onyx Enterprise’s LED products sold on its CARiD.com online platform violated patents related to

LG Electronics said on Wednesday that it will start sales of its premium LCD TV brand, LG QNED Mini LED, in July.Sales of the TV model will begin in the US, then expand to Japan, Europe and South Korea, the company said.The brand includes an 8K 120Hz model, an 8K 60Hz model and a 4K 120Hz model. The

Hwashin has won orders to supply components to Hyundai Motor Group for the Kona EV, Niro EV, Ionniq 5, and Genesis G80/60/EV6, TheElec has learned.These car models are built based on Hyundai’s E-GMP platform for electric cars.Hwashin said it was preparing to supply components for Ioniq 5, EV6, Genes

A total of around 470,000 units of electric vehicles were estimated to be sold in May this year, according to market research firm EV Volumes.This will be a year-on-year increase of 202%, or triple the sales of the same time period a year ago.Back in April, sales also jumped 243% from a year prior,

Automobile component maker Mando has received an award from customer General Motors.Mando received the Launch Excellence award in the US car giant’s 2020 Supplier of the Year event.The Korean company supplied brakes for Chevrolet’s Silverado pickup truck last year.Mando said it did so without hiccup

SK Hynix’s acquisition of Intel’s NAND unit has secured the approval from authorities in Brazil.Brazil’s Administrative Council for Economic Defense said it found that the deal didn’t hurt fair market competition.In October last year, SK Hynix announced that it was acquiring Intel’s NAND and SSD bus

SK Telesys said on Thursday that it will sell its telecom kit subsidiary SKC Infraservice to Pantech C&I for 78.9 billion won.SKC Infraservice offers telecom kit as well as network repair and maintenance services.The deal will be concluded by August. SKC and SK Telesys said they will use the fund fr

Smartphone metal component firm S-Connnect said on Thursday that it was supplying the hinge component to Samsung for foldable smartphones stably.The company denied a security report made by Korea Investment & Securities that KH Vatec will be the sole supplier of hinges to Samsung this year.A S-Conne