Onejoon said on Tuesday that it plans to use the fund it secures from its IPO to research silicon anode and carbon fiber processing technologies.The company manufactures thermal kilns used in battery production as well as develops production processes for battery materials.It offers roller hearth ki

Hanwha Systems and Truwin will form a joint venture that develops and manufactures infrared thermal camera sensors.The pair will make the formal announcement this week, TheElec has learned. Hanwha Systems will own the larger stake in the newly formed company.Hanwha System is attempting to expand its

LG InnoTek CEO Jeong Cheol-dong will become the next chairman of the Korea Printed Circuit Association (KPCA), TheElec has learned.It is the first time that a CEO of a major conglomerate such as Samsung and LG to take the post.After he becomes chairman, Jeong will work to foster the local printed ci

Samsung had sent a new confidentiality agreement to its semiconductor and component partners in July, TheElec has learned.The agreement asks for stricter security measures for sensitive technologies and includes a financial penalty for breaching the contract, sources say.The contract was written by

Display evaluation firm FlexiGO said on Tuesday that it has developed a new evaluation equipment for rollable and slidable panels.Like its previous evaluation equipment for foldable panel called Foldy, the new kits can evaluate the panel in high and constant temperatures as well in humid settings.Th

Mecaro president Lee Jong-soo will be joining Jusung Engineering around the end of the month, TheElec has learned.Lee will become president of Jusung’s semiconductor business, replacing Roh Jae-sung.He was previously an executive at South Korean chip giant SK Hynix.Jusung chairman Hwang Chul-joo is

South Korean startup SM Lab said on Wednesday that it has developed a battery cathode that has nickel account for 98% of the material.Cobalt only accounts for 1% of the cathode, the company claimed.The company expects production of the cathode to start sometime during the first half of 2022.Increasi

ON Semiconductor has changed its name to OnsemiThe company said it will focus on intelligent power and sensing technologies to achieve net-zero emissions by 2040.“We have spent the last several months focusing the strategy, and realigning our product portfolio and investments to deliver market-leadi

Samsung Electronics has ended its semiconductor distribution rights contract with Mujin Electronics as of the end of June, TheElec has learned.The South Korean tech giant will be handing over the rights to electronic component distributor SAMT instead. This process will be done in September.SAMT wil

Hyundai Rotem, a part of Hyundai Motor Group, has been placing orders to its suppliers with price written as zero in their contracts, TheElec has learned.The practice has been customary with the company and its suppliers, people familiar with the matter said.It forces suppliers to delivery parts fir

Surplus Global, a South Korean pre-owned fab equipment seller, said on Tuesday that it has moved its headquarters and exhibition zone to its new building at Yongin, Gyeonggi Province.The new exhibition zone at Yongin is three times larger than its previous one at Osan.The new zone also has a clean r

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

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

Intel said on Monday that it has secured Qualcomm and Amazon Web Services as its customer for foundry services.The world’s largest chip maker by revenue also revealed that it was planning to develop a 1-nanometer (nm) process by 2025.Intel’s plan is aggressive and it is clear that the company intend

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

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

Fab equipment maker ASML plans to manufacture 60 units of extreme ultraviolet (EUV) systems in 2023, the chief of the Netherlands-based firm said.During the conference call for the second quarter, ASML CEO Peter Wennink said the company plans to manufacture around 40 units this year.This will be exp

There will likely be a shortage of large-sized OLED panels used in TVs starting in 2024, UBI Research CEO Choong Hoon Yi said.Yi based his forecast on the production capacity for large-sized OLED panels and t here expected demand going forward.Demand for large-sized OLED panels is expected to be aro

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