South Korea’s President Moon Jae-in on Thursday promised to provide support and foster the local semiconductor industry.Moon spoke at an event in Samsung’s Pyeontaek chip plant to promote the local chip industry.On the same day, the government announced that it would offer 40% to 50% tax credits for

Power module firm Vicor Korea will focus its sales on the local automobile industry this year, country manager Kichun Jung said, with a special focus on electric cars.The Korean unit of Vicor recently formed an automotive division. It also hired YS Jun, a veteran in the automotive chip industry with

Chip and display equipment maker STI said on Thursday that it will be supplying its central chemical supply system (CCSS) to chip giant Micron.The deal is worth S$47.9 million, or around 40 billion won. The CCSS will be used in Micron’s PH2 of Singapore Fab 1.A STI spokesperson said the worldwide ch

Fab equipment firm Jusung Engineering will spend 36.3 billion won to build a new production facility in Gwangju, where the company is based, it said on Thursday.The company will build a new four story facility with the fund. It will demolish its hold building to build the new enlarged facility. The

SK Hynix said on Wednesday that it will focus its foundry, or contract chip production, into 8-inch wafers.The company also said it will expend spending that was planned for 2022 to the second half of 2021 to secure fab equipment due to extended lead time for them amid the global chip shortage.The S

Yongin City said on Monday that it has secured fab equipment companies DSE Tech, NexStar and Justem as investors for its planned semiconductor cluster.The three companies will spend 41.5 billion won in the city to build their equipment factory and related facilities.DSE Tech is a tier-1 supplier to

The global semiconductor material market was worth US$55.3 billion in 2020, according to SEMI.This was a rise of 5% from 2019, the organization said. This year, it will grow 6% to be worth US$58.7 billion, SEMI said.South Korea, Taiwan and China will lead this growth. South Korea’s semiconductor mat

Swagelok Korea is expecting increased sales from its fluid systems used in semiconductor production this year.The US-based company manufactures gas and fluid systems components, such as fittings, valves and hoses. Its Korean subsidiary provides its services to Samsung, SK Hynix and local fab equipme

Samsung Electronics and SK Hynix has refused to take part in a preliminary review for a South Korean government project to develop next-generation processing-in-memory (PIM).The Ministry of Science and ICT and the Ministry of Trade, Industry and Energy has chosen PIM AI semiconductor as a national p

ASML said on Wednesday that it has recorded 4.36 billion euros in net sales and 1.33 billion in net income in the first quarter of 2021.This is a rise of 83.3% and 225%, respectively, from a year ago.The Netherlands-based company sold seven units of extreme ultraviolet (EUV) system in the first quar

South Korean fab equipment manufacturer Jusung Engineering has won orders from SK Hynix for multiple units of atomic layer deposition (ALD) equipment that will be used to manufacture next-generation DRAM, TheElec has learned.The South Korean memory maker is planning to use the equipment to deposit h

SK Hynix said on Thursday that it has began to manufacture its new solid-state drive (SSD) called PE8110 E1.S.The SSD is aimed at servers and the company will begin supplying them to customers in May.PE8110 E1.S is based on 128-layer NAND. SK Hynix said the new SSD has improved writing and reading s

SK Hynix has formed a new group that will focus on development of fab equipment technologies, TheElec has learned.The South Korean memory maker had hired an outside expert and named them an executive vice president to lead the fab equipment development group.The group will be under direction supervi

SK Hynix has settled its patent lawsuit with Netlist.The South Korean memory maker will pay royalties to the latter under their patent cross-licensing agreement, the company said.SK Hynix will be paying around US$40 million for use of Netlist’ patents.In 2016, Netlist filed a patent infringement law

A gas leak at SK Hynix’s chip plant in South Korea has injured three people.The South Korean memory giant said on Tuesday that hydrogen fluoride leaked during equipment inspection at its M16 plant in Icheon.One suffered burns on their arms and legs, while two inhaled the gas. They were rushed to the

Tesna recorded an operating margin rate of 23.09% in 2020, the highest among semiconductor packaging and testing companies in South Korea.The top ten companies for packaging and testing (back-end process) combined recorded average operating margin rates of 5.66%.Tesna’s operating margin rate beat ot

SK Hynix is in talks to supply its memory chips for cars with German auto-component giant Bosch, TheElec has learned.SK Hynix has completed the development of the memory chip that meets specifications requested by Bosch, people familar with the matter said.DRAMs used in cars have increased reliabili

The top 40 semiconductor and display equipment companies in South Korea saw their operating income and sales increase substantially in 2020.The companies combined recorded 12.72 trillion won in sales and 1.22 trillion won in operating income, an increase of 25.8% and 66.5%, respectively, from 2019,

South Korean chip giant SK Hynix on Wednesday has named a new co-CEO.SK Telecom vice chairman Park Jung-ho was newly named co-CEO by the board.Park will be in charge of building the corporate culture and drawing up long-term strategy to increase SK Hynix’ global competence, the company said.Current

SK Hynix will focus on improving the profitability of its NAND flash business going forward, the company CEO said on Tuesday at its shareholders’ meeting.The South Korean memory maker invested in Kioxia in 2018. Last year, it announced that it would be acquiring Intel’s NAND business unit.SK Hynix C