Chip component and material firm Mecaro said on Monday that it was merging with its subsidiary KVTS.The new shares will be issued. The merger will be completed in August 1. KVTS is a wholly owned subsidiary of Mecaro.KVTS makes special valves, RTP lamp housing and Hot N2 for semiconductors.It had su

System semiconductor design company Coasia said on Friday that it will sell its majority stake acoustic component subsidiary BSE.The company will sell its 68.75% stake to an unknown party for 31.8 billion won.Earlier in December, it had sold 31.25% stake for 14 billion won.Coasia said it was selling

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

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

Vacuum robot firm Raontec said on Wednesday that it expects to supply its products to overseas customers starting in the second half of this year or next year.Product demos to overseas customers were yielding results, Raontech CEO Kim Won-geyung said, at the company’s press conference for its listin

The world’s top 15 semiconductor companies saw their combined sales grow 21% in the first quarter of 2021, according to market research firm IC Insights.Fourteen out of the 15 firms all recorded at least US$3 billion in sales.Intel topped the list with US$18.67 billion, followed by Samsung’s US$17.0

Monthly capacity of 200mm, or 8-inch, fabs will increase 17% from 2020 to 2024 to reach 6.6 million, according to SEMI.This will be an increase of 950,000 wafers per month in capacity in just five years.A total of 22 new 200mm fabs that manufacture analog, power, MOSFET and microcontroller unit semi

Chip packaging firm LB Lusem will expand its power chip operation to reduce reliance on display driver IC, the company CEO said on Monday.Power chip accounted for 0.7% of its sales in 2019 but the company will expand this to 10% by 2023, LB Lusem CEO Hyunchang Shin said at a press conference ahead o

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

South Korean equipment makers recorded mixed results in the first quarter of 2021.Fab equipment vendors posted high growth, while display equipment firms underperformed.Fab equipment makers benefited from aggressive spending by semiconductor companies.Semes, Samsung Electronics’ fab equipment subsid

Samsung Electronics will use batteries made by LG Energy Solution for its upcoming Galaxy S21 Fan Edition (FE) smartphone, TheElec has learned.Last year, the Galaxy S20 FE had also used batteries made by LG, along with those by Samsung SDI and Amperex Technology Limited.S21 FE will have the same sup

Biolog Device said it has acquired a 58.75% stake in OLED driver IC firm Hivics for 4.48 billion won.Hivics was founded in 2014 and is a fabless firm that designs system semiconductors. It recorded 8.7 billion won in sales last year.The firm also uses TSMC, UMC and MLMC to manufacture application sp

South Korean equipment maker SFA has increased its orders from areas besides its main display business.SFA said its display business accounted only for 34.9% of its remaining orders as of the first quarter.Orders for battery production equipment accounted for 28.6%. In total, orders related to non-d

South Korea’s President Moon Jae-in on Thursday promised to provide support and foster the local semiconductor industry.Moon spoke at an event in Samsung’s Pyeontaek chip plant to promote the local chip industry.On the same day, the government announced that it would offer 40% to 50% tax credits for

Hanwha Corporation saw its operating income for the first quarter of 2021 triple compared to a year ago.The company said it recorded operating income of 848.5 billion won in the quarter, an increase of 186% from the same time period a year prior. Net income for the quarter was 819.9 billion won, a 3

System semiconductor company Coasia has recorded 112.8 billion won in sales and 2.7 billion won in operating income in the first quarter.Sales increased 11% from a year prior. The company turned a profit compared to the same time period in 2020.Coasia said high sales from its IT component business,

Power gallium nitride (GaN) chip market is expected to grow at a high rate in the next five years from consumer charging devices, according to market research firm Yole Development.The power GaN market was worth US$46 million in 2020, but this will grow 70% on average per year until 2026, when the m

Chip and display equipment maker STI said on Thursday that it will be supplying its central chemical supply system (CCSS) to chip giant Micron.The deal is worth S$47.9 million, or around 40 billion won. The CCSS will be used in Micron’s PH2 of Singapore Fab 1.A STI spokesperson said the worldwide ch

Seoul Semiconductor said on Tuesday that it has recorded 310.4 billion won in sales and 20.5 billion won in operating income in the first quarter of 2021.Sales increased 27.6% year-on-year, while operating income jumped 243.4% over the same time period.Seoul Semiconductor said it saw improved perfor

Samsung Electronics is planning to start operation of its P3 semiconductor production line at its Pyeongtaek plant three months earlier than planned due to the global chip shortage, according the president of EcoPro HN, a supplier to the South Korean tech giant.Samsung had requested that EcoPro HN s