US-based Tesla will be manufacturing EVs using LFP batteries from China’s CATL, according to the battery maker during its annual IR conference call on May 13.The firm plans to begin supplying the batteries to Tesla’s Shanghai Gigafactory in the latter half of this year. This marks the first time for

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

The two heirs of Samsung and Hyundai Motor will soon be sitting down to discuss future collaboration, most likely in the EV battery business, according to industry sources on May 13.The meeting between Samsung Electronics Vice Chairman Lee Jae-yong and Hyundai Motor Vice Chairman Chung Eui-sun would

LG Chem topped the world’s electric vehicle market in the first quarter, aided by the popularity of Tesla Model 3.According to EV Volumes, LG Chem supplied batteries for full or partial electric vehicles with a combined output of 6.3 gigawatts, overtaking Panasonic to take the top spot in the global

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

Chip makers are expected to cut investment into production facilities this year, as was the case in 2019 when there was a severe supply glut to cope with.According to a recent report from market research firm Omdia, the global volume of investment into DRAM production facilities was forecast to fall

South Korea’s Sunic System has signed a deal worth KRW 28 billion worth ($22.6 million) with Chinese display maker BOE, according to Sunic’s disclosure on May 4. The amount would account for around 31.6% of Sunic’s total revenues in 2019.The deal is to supply deposition equipment for the mass produc

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

LG Electronics forecast a decline in OLED TV production in the second quarter of this year due to foreseeable declines in demand due to the coronavirus pandemic.During an earnings report on April 29, Ha Jin-ho of LG’s Home Entertainment business said such adjustments were “inevitable” given the curr

Samsung SDI forecast improved earnings for the latter half of this year, but due to a dip in the second quarter in the areas of polymer batteries and display materials, the company would be downward adjusting its bottom line for this year.During its first quarter earnings report on April 29, Samsung

In April 2020, SK Group’s chemical unit SKC officially relaunched its copper foil business by changing the name from KCFT to SK Nexilis at a recent board of director’s meeting and shareholders’ meeting.SKC had acquired KCFT, the world’s largest producer of copper foil, in January 2020 following a re

South Korea’s Samsung Electronics will be supplied once again by Sharp Corp. with large-sized LCD panels, according to publications Nikkei and Sankei on May 2.This would mark the fourth time for Sharp to supply Samsung. The panels are to be shipped to Samsung by the end of this year. Following its a

South Korea's largest telecom company KT Corp. began operating its second-generation of hotel-service robot – the N bot – enabled by artificial intelligence (AI) as of April 30, the company said.N bot was first launched in December 2019 to service guests, such as by delivering amenities at night tim

LG Chem has cut its sales KRW 15 trillion target for batteries this year by around 10-15% on account of the impact of the coronavirus, according to the company during an earnings report on April 28. The company will also be slashing CAPEX to around KRW 5 trillion from the initially envisioned KRW 6

Samsung Electro-Mechanic has said it won’t be readily rolling out MLCC units this year as its new plant in Tianjin of China will unlikely be ready to go by the latter half of this year as planned, while its operations in Southeast Asia have also been crippled.In a conference call on its first quarte

SK Innovation – one of South Korea’s leading battery makers – have decided to make additional investments into its US battery facilities to bring the total to KRW 3 trillion, according to the company on April 28.The KRW 3 trillion will include the costs for building an additional second plant in the

South Korea’s EcoPro BM is building a full-fledged battery lineup running the full spectrum from cathode production to recycling by the third quarter of 2021, according to the company during its first quarter earnings report on April 22.For this goal, the firm is to invest in related facilities in P

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

South Korea’s No.1 mobile carrier SK Telecom has decided to directly secure optical transceivers beginning this year in an effort to cut costs, according to industry sources on April 21. Until now, suppliers, such as Kosdaq-listed Lightron, had provided SK Telecom with the transceivers, along with o

LG Innotek is going to discontinue BLU(Backlight Unit) LED business, with Wooree E&L and Seoul Semiconductor grabbing the BLU LED sales opportunities, according to industry sources on April 21.BLU LED are necessary light sources for LCD panels. They are used in LCD TVs, laptops, monitors and others.