Samsung Display will be increasing its shipment of LCD monitor panels by up to 40% on-year despite shutting down most of its LCD panel lines, according to industry sources and market research firm Omdia on May 14.The decision comes based on market research showing a spike in demand for monitors for

Samsung Electronics’ Vice Chairman Lee Jae-yong has pledged he won’t be handing down managerial rights to his children during a public apology he delivered on May 6 – marking the first time that he did so since June 2015 during the MERS crisis.Touching upon controversial topics such as the method wi

Japan’s JDI beat out rivals such as LG Display to serve as the sole supplier of the initial batch of LCD panels for Apple’s latest version of its iPhone SE smartphones due out next month, according to industry sources on April 27. Sharp – which was acquired by Taiwan’s Foxconn – will later on add to

US-based Broadcom, maker of chips for power smartphones, computers and networking equipment, has pledged not to offer incentives to TV and modem makers to encourage them to acquire more than 50% of their products worldwide or in Europe, according to the foreign press on April 28.“In these uncertain

Local semiconductor testing solution firm Exicon is developing a CMOS (CIS tester) image sensor testing solution to expand its horizons, according to industry sources on April 17.The solution is to be completed within this year, with aim to begin supplying major local clients beginning in 2021, they

Battery testing solution firm PNE Solution has supplied Swedish battery maker Northvolt with formation equipment and cell cyclers worth around KRW 19 billion, according to the company on April 2.This marks the first time the company supplied to a European battery maker, and in less than a year since

Samsung SDI is aiming to cut more costs by becoming more independent in terms of cathode, a key ingredient in EV batteries, by weaning itself off of local cathode makers such as Unicore and L&F.Industry sources said on April 1 that the Samsung affiliate is aiming to internalize 50% of its cathode su

LG Chem Vice Chairman Shin Hak-cheol stressed the importance of merit-based R&D and the protection of corporate intellectual property at a regular shareholder’s meeting on Mar. 20.“Economic uncertainties are expected to snowball as the coronavirus continues to spread,” Shin said. “But we won’t be de

Samsung Electronics’ top management sweated it out at its 51st shareholders’ meeting held on Mar. 18 during which shareholders asked why the company was falling behind its top rival Apple.One shareholder said that she had to force her kids to buy Samsung smartphones, going against their wishes to ge

The global telecommunication equipment market grew 2% in 2019 to show a second straight year increase since 2018, according to market research firm Dell’Oro on Mar. 6.This compares with the period between 2014 and 2017 when the market showed 3 straight years of decline. Another notable feature was t

South Korean startup Optolane has recently submitted a digital, real time PCR kit to the Korea Centers for Disease Control& Prevention to help diagnose COVID-19, also known as the coronavirus.Optolane CEO Lee Do-young said the firm is also planning to go overseas with the solution as soon as possibl

Swedish battery maker Northvolt is using battery-making equipment from Lead China, according to industry sources on Feb. 20. The exact size of the deal was not revealed.Considering that another manufacturer – CIS – involved in much less in terms of production had bagged a KRW 40 billion deal with No

US International Trade Commission (ITC) made a preliminary ruling in favor of LG Chem over SK Innovation on their ongoing legal battery over electric vehicle (EV) battery trade secrets, according to the LG affiliate on Feb. 15 (local time.)"ITC has accepted our claims and made a default judgment wit

Samsung Display is being supplied with key OLED material from Poongwon Precision – one of LG Display’s suppliers – according to industry sources on Feb. 7.Until now, Sewoo Incorporation has been the exclusive supplier of the material Open Metal Mask (OMM), which is a key component for producing smal

Samsung SDI has decided to form a joint venture with local battery cathode supplier EcoProBM in a move to secure a more stable supply of batter-manufacturing material for electric vehicles, according to industry sources on Feb. 6.A formal announcement is expected next week. Each company is likely ta

LG Chem will be shuttering its LCD glass substrate business before the year is out, according to the company on Feb. 3.“Based on calculations that the business would be difficult to turn around, we have reached the decision to shut down,” the company said in a regulatory filing. The division has so

LG Display CEO Jung Ho-young said at a press conference just ahead of the opening of the Consumer Electronics Show 2020 in Las Vegas on Jan. 6 that the company will shutter its domestic operations for producing LCD panels for TVs by the end of this year.“The costs are too high to stay ahead of our C

South Korea's LG Chem has signed on with Chinese supplier Lead China to be supplied with key manufacturing equipment at its battery plant in Nanjing, according to industry sources on Jan. 2.The decision came based on relations with the Chinese government and its ties with local carmakers, the source

Samsung Electronics’ strategic Galaxy A series showed robust sales, with the Galaxy A10 and A50 selling more than 50 million handsets altogether, according to industry sources on Jan. 1.The latest Galaxy A series was launched in March, and the phones helped keep Samsung at first place in the global

LG Display may be pushing back mass production at its Gen-10.5 OLED line in Paju to as late as 2023, according to the industry sources on Dec. 27.The display maker recently informed its key suppliers of the delay, including YAS, an organic deposition equipment maker that is now slowing down its plan