LG Energy Solution said on Thursday that it will be forming a joint venture with Ford and Turkey’s Koc Group that will build a battery factory in Turkey.The three will aim to secure 25GWh in annual production capacity and start production in 2026.Ford and Koc had such an agreement originally with SK

Samsung’s design partners for its chip foundry business saw their operating profits halved in 2022.Samsung Foundry’s Design Solution Partners ADTechnology, Gaonchips, and Coasia saw their revenue and operating margin rate impacted heavily by the global economic downturn.ADTechnology, Samsung’s large

US car giant Ford and South Korean battery maker SK On were in a dispute over the halting of the production F150 Lightning electric truck, TheElec has learned.Ford is claiming SK On’s faulty batteries were the cause. The South Korean company had countered that it was a one-time issue and that there

LG Energy Solution was currently developing lithium iron phosphate (LFP) batteries for electric vehicles.The aim is to have the LFP batteries have higher performance than those made by rival CATL, sources said.LG Energy Solution’s version uses a cobalt-free cathode and is a pouch type.In its researc

SK Hynix faced problems this month during DRAM production due to the high-k material having a quality issue, TheElec has learned.The zirconium (Zr) high-k material that was supplied by SK Trichem had impurities in them, sources said.This caused some of SK Hynix’s production equipment at its DRAM fab

Fab equipment maker Semes said on Thursday that it recorded 2.88 trillion won in revenue and a net income of 185.7 billion won for the entire year of 2022.Revenue and net income dropped 7.6% and 29.7%, respectively, from 2021.The decline is significant as Semes, a subsidiary of Samsung which owns 91

DB Hitek said on Wednesday that it recorded 1.67 trillion won in revenue and 768.7 billion won in operating profit for the entire year of 2022.Revenue and operating profit jumped 38% and 93%, respectively, from the previous year.Operating margin rate stood at an impressive 46% __ close to foundry ma

Global unit sales of electric vehicles reached 10.54 million units in 2022, an increase of 55% from 2021, according to analyst firm EV Volumes.And these EVs used 505GWh of batteries, the firm said, with the top five companies supplying 76% of the batteries used.The top five EV battery suppliers were

South Korean AI startup FuriosaAI is planning to launch an AI chip that will support ChatGPT next year, its CEO told TheElecFuriosaAI CEO June Paik claimed that this second-generation AI chip of the company will be the most powerful chip available for the operation of ChatGPT.The particular chip boa

The CEO of production equipment maker SFA said on Tuesday that the acquisition of CMOS image sensor maker CIS will allow it to offer turn-key deals in the battery sector.SFA CEO Kim Young-min said during its earnings call for 2022 that the company is planning to maximize its synergy with CIS going f

LG Innotek is planning to start production of flip chip ball grid array (FC-BGA) in October this year.This will be its first phase; the second phase will start in 2026, the company said in a video posted on YouTube earlier this month that now has been pulled.The first phase of production will begin

Meta will be collaborating with South Korean component makers SK Hynix and LG Display to develop MicroOLED, TheElec has learned.LG Display, along with Samsung Display, is a leading OLED display panel maker.It has recently signed a collaboration agreement with South Korean memory chipmaker SK Hynix f

Atomic force microscopy (AFM) company Park Systems is aiming to increase its revenue by 30% this year.Park Systems director Cho Sang-joon told TheElec that the company expects the goal will be met despite the downturn of the chip market.Last year the company recorded 122.1 billion won in revenue and

Hanwha Momentum, the battery equipment-making subsidiary of Hanwha Corporation, was asked by SK On to make compensations for the fire that happened at the latter’s battery factory in the US, TheElec has learned.The fire at SK On’s factory in the US started at the formation process part of the produc

EUV equipment maker ESOL will launch a prototype of its second-generation EUV equipment this year, CEO Kim Byung-gook told TheElec in an interview.Kim said the company last year secured 35 billion won in funding and most of it will be going into research and development.ESOL has launched four produc

Dongjin Semichem is developing two new EUV photoresists, one inorganic and another dry.The company was developing the inorganic EUV PR and dry EUV PR with a major customer, sources said.Last year, the company already launched an organic EUV PR.The new ones are being developed for application in more

Chip production equipment maker Nextin is aiming to double its share in the global market for dark field inspection equipment.Nextin CEO Park Tae-hoon told TheElec on Wednesday that it was aiming to increase its share to 10% this year from last year’s 5%.This is despite the current downturn of the g

OLED material company Lordin has registered a patent related to blue OLED that has four times the luminance efficiency than previously.Lordin CEO Oh Hyoung-yun told TheElec on Wednesday that the technology on the patent was differentiated from those in the US and Japan.The company was aiming to comm

Chip and display panel component maker TSI was close to commercializing probe cards for DRAM chips, TheElec has learned.It was conducting quality tests with two main customers for the cards that will be finished within the first quarter, sources said.It had already completed a quality test with anot

The CEO of Chinese display giant BOE is visiting Japan for a meeting with those at display production equipment maker Canon Tokki, TheElec has learned.The visit by BOE CEO Gao Wenbao is expected to be made around the middle of the month, sources said.His visit is likely being made to secure earlier