Solus Advanced Materials will form a join venture with Toyota Tsusho in the US that will manufacture and sell elecfoils used in lithium-ion batteries.The pair will aim to secure a production capacity of 30,000 metric tonnes per year by 2024, Solus said.The South Korean firm said it will collaborate

Intel on Monday unveiled its new Gen 11 Intel Core mobile U-series mobile processors as well its first 5G modem for PC at Computex.The new processors, i7-1195G7 and i5-1155G7, are for “thin-and-light” notebooks and offers 5GHz speed.Intel claimed they offer up to 25% higher application performance c

Posco said on Friday that its joint venture for battery recycling with Huayou Cobalt will build a new facility in South Korea.The joint venture, called Posco HY Clean Metal, will spend 120 billion won at Gwangyang, South Korea, to build a battery recycling plant with a capacity of 10,000 metric tonn

Chemtronics has pulled out of its plan to buy Samsung Electro-Mechanics’ Wi-Fi module business.Chemtronics’ subsidiary Witz was originally announced to be acquiring Samsung’s Wi-Fi module business for 105.5 billion won back in January.Chemtronics said it was canceling the deal due to the potential f

Semiconductor wafer producer SK Siltron has received the Gold Zero Waste to Landfill Validation (ZWTL) certification from Underwriters Laboratories.Gold is given to companies with recycling rate between 95 to 99%.SK Siltron received the certification based on its 2020 data from its third factory at

Camera module maker Haesung Optics will collaborate with medical device firm J& to develop 3D software for healthcare, the pair said on Thursday.The pair will co-develop and the software and sell them, they said.The deal is worth a billion won. Haesung Optics said is aims to expand into the global m

Germany embedded and edge computing firm Congatec will form a South Korean subsidiary, the company said on Wednesday.South Korea country manager Yoonsun Kim said the company will provide strong design support for local customers.It will also optimize supply chain customers need for their product pro

Samsung on Thursday introduced a new mid-power LED package that the company claims has “unsurpassed” light efficacy and color quality.LM301B EVO comes in Samsung’s own flip-chip design and has a luminance efficacy of 235 lumens per watt.The company applied a new reflective material inside the packag

SKC said on Wednesday that it will secure annual copper foil production capacity of over 200,000 metric tonnes by 2025, to meet rising demand from electric car batteries.The company said it has finalized a plan to expand it to 202,000 metric tonnes, but this could be expanded to 250,000 metric tonne

Posco on Wednesday began the construction of a new lithium hydroxide plant with a production capacity of 43,000 metric tonnes per year.The company will spend 760 billion won to build the factory at its Gwangyang plant.Posco is aiming to complete the factory by 2023. It will be procuring the lithium

EcoPro BM will spend 134 billion won to expand one of its cathode factories dedicated to SK Innovation.EcoPro BM said Wednesday that it will be expanding its CAM5-N factory by January 2023.The expansion will have the factory secure an annual production capacity of 28,800 metric tonnes. The factory w

LG Energy Solution said on Tuesday that it will recall some of its energy storage system (ESS) batteries.The South Korean battery maker will voluntarily recall batteries made at its ESS dedicated production line between April 2017 to September 2018. The recall will cost the company around 400 billio

Shares of Samsung’s lens module supplier Coasia Optics resumed trading on KOSDAQ on Monday.The firm’s shares stopped trading ten months ago after its executives were accused of violating local capital market laws.A review on whether it should be listed was conducted by authorities afterwards.Coasia

LG Energy Solution will build a new battery plant in Indonesia with the government-owned Indonesia Battery Corporation (IBC), according to a report by Reuters.The project is worth US$1.2 billion and will secure a capacity of 10GWh, the report said.Batteries made at the factory will be used for EVs f

Samsung on Monday launched a new smart monitor.The company added a new 43-inch UHD model, called M7, to its existing line-up, it said.Samsung launched the 32-inch UHD model called M7 in December. In the same month, the firm also launched the M5 model which comes in 32-inch and 27-inch sizes and supp

Mplus said on Monday that it will supply 5.8 billion won worth of prismatic battery assembly equipment to a European battery making company.The South Korean firm will supply notching and stacking kits under the deal.Mplus has so far focused on equipment for pouch battery production.This latest deal

SK Innovation and Ford has official confirmed their planned joint venture on Thursday.The pair will form BlueOvalSK, which will aim to manufacture 60GWh of battery cell and module for electric cars per year staring in the mid-2020s, SK Innovation said.The amount is enough to power 600,000 electric p

Overlay equipment maker Auros Technology on Thursday said it has recorded 22.64 billion won in sales and 8.45 billion won in operating income in the first quarter.Sales jumped 427% from a year prior and operating income skyrocketed 907% over the same time period.Net income in the quarter was 6.47 bi

SK Innovation and Ford will form a battery joint venture, according to Reuters on Wednesday.The US car maker is a major customer of batteries for the South Korean energy firm.Batteries made at SK Innovation’s factory in Georgia, which is under construction, will be used in F-150 and other electric c

Samsung Display was using AI technology in its development of OLED panels, a company executive said.An AI program that design the molecular structure of the organic materials were being used, Samsung Display vice president Kim Yong-jo said at a seminar at SID Display Week.The program takes only 30 s