Extended reality (XR) company Virnect is planning to expand from offering XR solutions to customers to launching XR platforms, the company CEO told TheElec.Virnect was founded in 2016 is a software company that offers XR solutions for industrial use.It offers a variety of solutions in a variety of d

LG Innotek said on Monday that it will spend 1.3 trillion won at its facility in Haiphong, Vietnam to build an additional camera module production line.The funds will be spent up to December 2025. The City of Haiphong will install additional electrical substations and offer tax benefits to the facil

Eaton Korea is aiming to expand its supply of electric solutions for data centers in South Korea, its country manager for the country told TheElec.The South Korean data center market is growing quickly from various trends such as AI, Eaton Korea President Oh Seung-hwan said.As data centers need unin

Aluminum parts maker Almac said on Tuesday it has 1.5 trillion won worth of remaining orders.The orders from automobile and battery companies are enough to provide Almac with revenues up to 2030, Almac Executive Director Junpyo Park told a press conference as the company prepares to list on the Sout

HB Technology will be supplying automated optical inspection (AOI) and repair equipment to glass substrate maker Absolics, a subsidiary of SKC, TheElec has learned.It is a new revenue source for HB Technology, which never supplied inspection equipment for glass substrates for chip packaging before.I

Samsung is planning to share internally the first mold version of the waterdrop hinge it has designed to apply on its upcoming foldable smartphones, TheElec has learned.The mold version will be shared internally this week and is the last step before verification, sources said.After the verification,

Japan’s Sharp was not part of Apple’s project to develop camera modules for the iPhone 16 Series at the current time, TheElec has learned.As such projects usually start two years prior to the commercial launch, Sharp’s absence means it is effectively out of Cupertino’s camera module supply chain for

Samsung Electro-Mechanics was conducting research into developing and manufacturing oxide solid-state batteries aimed at IT devices, TheElec has learned.Solid-state batteries use solid electrolytes rather than liquid ones in currently commercialized batteries.The electrolyte, which is between the ca

Samsung has ordered its TV and smartphone businesses to find a solution to improve their earnings, TheElec has learned.Samsung reported 63.75 trillion won in revenue and 640 billion won in operating income for the first quarter, a drop of 18% and 95%, respectively, from the same time period a year a

Samsung is reviewing a plan to launch its new foldable phones two to three weeks earlier than initially planned, TheElec has learned.The tech giant is currently planning to launch Galaxy Z Fold 5 and Galaxy Z Flip 5 smartphones in the second week of August through an Unpacked event.But the company i

LG Innotek has acquired 77 patents in the US from the now defunct autonomous driving startup Argo AI, TheElec has learned.Argo AI, which closed its business in October last year, was an autonomous driving startup that focused on lidar sensor technologies.Lidar shoots beams of light and measures the

Lotte Energy Materials is also planning to develop and manufacture copper foils for 4680 batteries.The company said it was testing the foil, called I2SH, during its conference call for its fourth-quarter earnings.The battery type is used widely by Tesla for its electric vehicles.Solus Advanced Mater

Samsung Electro-Mechanics has so far filed 14 patents that are seemingly related to solid-state batteries.According to Kpris, an open portal of all patents filed in South Korea run by the Korea Patent Office, the component maker had so far filed a total of 14 patents related to solid-state batteries

Samsung Electro-Mechanics was developing components for small solid-state batteries.Samsung Electro-Mechanics CEO Chang Duck-hyun told reporters after the company’s shareholders meeting on Tuesday that the company had the technology to make solid oxide at high temperatures thanks to its experience m

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

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

South Korean printed circuit board maker Isu Petasys have secured orders for boards from more tech giants.The company will be supplying its multi-layer boards for server applications to Intel, Microsoft, and Nvidia, sources said.Isu Petasys already has Google as a customer for the same boards.The co

Samsung is planning to launch an X-ray machine with 3D time of flight (ToF) image sensor technology next year, TheElec has learned.The image sensor, the core of the ToF module, will be manufactured by Sony.The machine will launch sometime during the first half of next year and Samsung is expected to

Samsung has drastically reduced its shipment target for its mid-tier smartphone Galaxy A23 5G this year, TheElec has learned.The Korean electronics maker originally planned to ship 12.6 million units but this has been dropped to below 4 million units __ a 70% drop.Earlier this year, Samsung had set

Samsung transferred 98 patents it has in the US to Huawei last month, TheElec has learned.Combined with the 81 patents it handed over in 2019 to the Chinese company the Korean firm has given Huawei 179 patents in total so far.The pair had signed a cross-licensing agreement in 2019 to end their paten