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

LG Chem posted its second quarter performance to date in the second quarter of 2021.This was thanks to its battery subsidiary LG Energy Solution posting four times the operating profit from a year ago, and strong performance of LG Chem’s petrochemical business.LG Chem said on Thursday that it record

Samsung Electronics recorded 63.67 trillion won in revenue during the second quarter, its highest to date for the quarter.Memory semiconductors led the growth while TV and appliances are posted strong earnings.However, its mobile business recorded lackluster earnings.Samsung said on Thursday that it

Display and semiconductor inspection kit maker Youngwoo DSP said on Wednesday that it has been chosen as the leading company in a national project to develop inspection kit used for chips 10-nanometer (nm) or under.Under the project, headed by the Ministry of Trade, Industry and Energy, Youngwoo DSP

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

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

Samsung SDI said on Tuesday that it has posted 3.33 trillion won in sales and 295.2 billion won in operating income in the second quarter.Sales jumped 30.3% year-on-year while operating income surged 184.4% over the same time period.Sales was Samsung SDI’s highest in record. The company credited the

In 1904, English physicist John Ambrose Fleming developed the first vacuum tube. The tube had a filament inside as well as a cathode and anode plates placed on either end of the glass tube. Electrons flowed between the two electrodes. Radios used in the early 1900s used such tubes. Despite being a h

Coasia Nexell said on Monday that it has received 3.9 billion won in investment from South Korean institutional investors.These include Cape Investment & Securities and other funds.A Coasia Nexell spokesperson said the company plans to spend the fund to meet rising demand for SoC design and strength

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

The three top outsourced semiconductor assembly and testing (OSAT) companies are expected to see their system-in-package (SiP) sales increased up to 20% this year, according to Yole Development.These companies are ASE of Taiwan, Amkor Technology of the US and JCET of China.Yole Development projects

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

Samsung Electronics has started the development of a lidar sensor for autonomous driving, TheElec has learned.The company was aiming to commercialize the technology in 2026, people familiar with the matter said.Samsung is aiming to strengthen its automotive business, they said. The company launched

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

Battery cathode maker EcoPro BM is in talks to supply high-nickel cathode to SK Innovation, TheElec has learned.EcoPro BM will be supplying NCM9½½ (nickel, cobalt and manganese in 9 to 0.5 to 0.5 ratio) cathode.The contract will likely be worth 4 trillion won for four years of supply, people familia

Mecaro has sold its shares in its subsidiary KOFI R&D at a cheaper rate than their face value, TheElec has learned.The move is a big setback for the company as it was in the midst of diversifying its portfolio in light of recent poor earnings.Mecaro had bought a 58.07% stake (a million shares) of KO

Cosmo AM&T will expand its NCM (nickel, cobalt and manganese) cathode production by 50,000 metric tonnes, the company said on Monday.It will spend 150 billion won for the expansion, which will be completed by 2023.In total, Cosmo AM&T will have an annual production capacity of 70,000 metric tonnes p

Samsung will start applying pellicles in the extreme ultraviolet (EUV) process used in advanced chip production starting in 2023, TheElec has learned.Pellicles, which are used to protect masks from dusts, will be used in mass production starting in late 2023, people familiar with Samsung’s internal

Nextchip said on Monday that it has started development of advanced driver assistance system SoC Apache 6.Prototype of the chip will be released in the second half of 2022, the company said.Apache 6 is the successor to Apache 5, which has neural processing unit (NPU) applied.The new chip will have s

Micro electro mechanical systems (MEMS) market is expected to grow 11% this year compared to a year ago thanks to increase in demand from smartphones and wearable devices, according to market research firm Yole Development.MEMS refers to microscopic devices. Microphones, sensors and other devices wi