Hanwha Systems said on Friday that it has created a new urban air mobility (UAM) research center to fast-track the business.A company spokesperson said the company is planning to accelerate the development of its air taxi model Butterfly, which it is co-developing with US firm Overair.The new center

P&H Tech will be the sole supplier high refractive index capping layer (CPL) to LG Display for OLED panels that will be used in Apple’s iPhones, TheElec has learned.LG Display have previously procured CPL from affiliate LG Chem but has changed the supplier for OLED panels that will be on iPhones 13

LG Electronics and Magna International said on Wednesday that they have signed the agreement to form their joint venture that will supply auto-components.LG Electronics said its has sold 49% of the shares in its wholly owned subsidiary that was formed on July 1 to Magna for US$453 million.The joint

Display equipment maker Top Engineering said on Tuesday that it is aiming to secure sales between 20 billion won to 30 billion won in the next year or two from its roll-to-roll equipment business.The company is aiming to reduce its reliance on its main display equipment business.Roll-to-roll equipme

Corning launched its Corning Curved Mirror Solutions for augmented reality (AR) head-up display (HUD).The company collaborated with Hyundai Mobis, the component arm of Hyundai Motor Company, for the solutions.The technology debuted on Hyundai Motor’s Ioniq 5 electric crossover utility vehicle earlie

LG Electronics and Magna International’s joint venture plan is having a rocky start over the pair’s difference over strategy and equity price.LG Magna e-Powertrain was suppose to from by July 9 after LG Electronics’ approved the split of its auto-component business unit on July 1.Magna was announced

LG InnoTek has sold 1,046 patents in South Korea related to LED technology to Chinese companies Suzhou LEKIN Semiconductor as of Monday, TheElec has confirmed.The South Korean firm had handed over 114 patents to LEKIN on July 2.LG InnoTek has filed for ownership changes of the patents on July 15, 20

Hyundai Mobis, the component arm of autogiant Hyundai Motor, saw its operating income for the second quarter triple from the previous year.The company said on Friday that it recorded 563.6 billion won in operating income, an increase of 234% from the same time period a year ago.Sales increased 35.5%

Auto component firm Magna International said on Thursday that it will acquire automotive safety firm Veoneer for US$3.8 billion.Magna will acquire all of the issued and outstanding shares of Veoneer for US$31.25 per share in cash, it said.Veoneer was formed in 2018 when when the autonomous driving b

Merck said on Thursday that it will supply the hole transporting layer (HTL) material used in the production of OLED panels to LG Display.The layers will be used in LG Display’s production of smartphone OLED panels, which will be supplied to Apple for the upcoming iPhone 13.OLED panels are comprised

Mando is preparing to start mass production of steer by wire (SbW) component to supply to US electric vehicle startup Canoo, TheElec has learned.The deal is expected contribute 50 billion won in sales to the South Korean firm.SbW connects the tires and steering wheel wirelessly. This allows the whee

Hydrogen car component firm Neuros is hoping that high demand from hydrogen cars can save it from being delisted from KOSDAQ, South Korea’s major bourse.Shares of the company stopped trading in March after an audit from an audit firm refused to draw a conclusion of the firm’s annual sales for 2020 i

Isu Petasys CEO Seo Young-joon said on Thursday that the company’s subsidiary in Hunan province in China has turned a profit in the second quarter.It is the unit’s first profit since 2013, when Isu Petasys acquired the factory from Taiwan’s TTL.Seo said the network printed circuit board (PCB) compan

Mando Hella Electronics will build a road surface detection system at the city of Pohang, TheElec has learned.The company has formed a consortium with Posco and other companies for the project called Vision Zero Consortium.The system will sense in real time frosts, water curtains and damages on the

Hyundai Mobis, the car component making arm of Hyundai Motor, is expected to return to profitability this year, according to South Korean analysts.This is thanks to high demand for electric cars __ Hyundai Motor is preparing to manufacture Ioniq 6, its latest electric car model soon.Hyundai Motor ha

Samsung on Tuesday said it was launching a new image sensor aimed at automobiles.Isocell Auto 4AC is the first of the South Korean company’s image sensor to receive the AEC-Q100 certification for automobile component reliability.The sensor can operate at temperatures ranging for minus 40 Celsius to

LG InnoTek and Corning are collaborating in the research of liquid lens, their patent filings showed.The pair had decided to share 50/50 stakes in nine US patents related to liquid lens on April 5, documents seen by TheElec showed.Corning decided to share stakes in six of its patents with LG InnoTek

South Korean ministries have started discussion over which technology standard to use for cooperative intelligent transport system (C-ITS) in the country.The Ministry of Economy and Finance will coordinate with the Ministry of Land, Infrastructure and Transport and the Ministry and Science and ICT t

LG InnoTek has completed selling its 114 patents in South Korea related to LED technologies to Chinese company Suzhou LEKIN Semiconductor, TheElec has learned.The transaction was completed on July 2, according South Korea patent portal Kipris run by the Korean Intellectual Property Office.LG InnoTek

A Samsung Electro-Mechanics executive said on Wednesday that the company was researching metalens.Metalens is a flat lens that have nano particles aligned on its surface.Though the lens is flat, the particles bend the light to collect them.The technology allows lens to be made thinner than they are