Samsung Electronics said on Thursday that is was actively considering acquisitions within the next three years.Company CFO Yoonho Choi said Samsung was looking to actively use its cash reserve for strategic facilities investments and M&As (mergers and acquisitions).Samsung’s last big acquisition was

SK Global Chemical, a subsidiary of SK Innovation, said on Thursday that it US waste solutions provider Brightmark to build a plastics renewal plant in South Korea.The plant will use Brightmark’s pyrolysis technology to recycle plastic wastes. It will extract oil from them to reuse them as naphtha.“

Samsung Display said on Thursday that it will develop new display form factors such as rollable and slidable to cement in leadership in 2021.Company senior vice president Choi Kwon-young also said at Samsung Electronics’ fourth quarter conference call that the firm will expand its leadership in the

South Korea’s prime minister Chung Sye-kyun on Thursday said he was “embarrassed” by the lawsuit over battery technology between LG Energy Solution and SK Innovation.At a local speaking event in Seoul, Chung said he tried to mitigate in the dispute between the pair. The prime minister called CEOs as

Samsung SDI said on Thursday that it has posted 3.25 trillion won in sales and operating income of 246.2 billion won in the fourth quarter of 2020.It is a rise of 15.3% and 1124.9%, respectively, from the same time period in 2019.For entire year of 2020, Samsung SDI posted 11.29 trillion won in sale

P&O Chemical, the joint venture between Posco Chemical and OCI, will begin construction of a new hydrogen peroxide (H2O2) factory at Gwangyang, South Korea, the companies said.The factory will be completed in May 2022 and have a production capacity of 50,000 metric tonnes per year.It is close to Pos

Chemtronics said on Thursday that its subsidiary Wits will acquire Samsung Electro-Mechanics’ telecommunication module business for 105.5 billion won.TheElec was the first to report on the deal on December 8, 2020.Wits will buy a 100% stake in Samsung’s Thailand subsidiary, which produces wireless m

Samsung Electronics said on Thursday that, for the entire year of 2020, it has posted 236.81 trillion won in sales and 35.99 trillion won in operating profit.This is a rise of 2.78% and 29.62%, respectively, from 2019.The figure matches the market consensus of South Korean analysts of sales of 235.7

Trinamix has developed a 3D facial recognition imaging solution that can be embedded in organic light emitting diode (OLED) displays, the ocmpany said.The technology will allow smartphones to remove the notch and have a full-screen display.The solution can detect depth in an image and check for live

ISC has secured 10 billion won in sales from ISC silicone burn-in socket (iSB), the company said on Wednesday.The softness of the silicone minimizes damages to the terminal. This allows for stable and accurate testing, even in high-temperature and high-voltage environments.ISC said its burn-in socke

SK Nexilis on Tuesday said its board has decided to built its first copper foil factory abroad at Malaysia.The new factory will be built at Kota Kinabalu Industrial Park (KKIP) at Sabah state, the company said.SK Nexilis will invest 650 billion won to built the 44,000 metric tonnes per year factory.

The CEOs of Samsung Electronics and six other affiliates of the company meet with Samsung’s compliance committee to discuss collaboration on Tuesday.Samsung Electronics vice chairman and co-CEO Kim Ki-nam said the company will strive to follow the law to become a respected conglomerate, following th

Nvidia will expand its GeForce Now game streaming service to Australia, Turkey and Saudi Arabia later this year, the company said.GeForce Now offers hundreds of games from Nvidia’s data center in North Amercia and Europe for PC gamers. It supports PCs, Macs, Chromebooks, Android and iOS devices.Aust

LG InnoTek said on Tuesday that it has posted 681 billion won in operating income 2020.This is 43% higher than in 2019.Operating income was focused on the fourth quarter, in which the company posted 342.3 billion won, a rise of 37.9% from the same time period a year ago. Sales in the quarter was 9.5

LG Energy Solution has setup an employee lounge at its new company building.The 63rd floor of Parc One Tower will offer a 1,636 square-meter lounge that can house up to 170 people, the company said.There will be a cafe, a stage and a smart working space for employees to use.On the stage, there will

The South Korean government and local companies together will spend 300 billion won for ten years to foster talents in system semiconductors, South Korea’s Ministry of Trade, Industry and Energy said on Thursday.They will also create system semiconductor design majors in local universities.By 2022,

Volvo Trucks’ electric trucks launching in 2022 will be powered by Samsung SDI’s batteries, TheElec has learned.It is Samsung SDI’s first supply for trucks __ the company has so far supplied for electric vehicles and energy storage systems.The South Korean battery maker is planning to wrap up develo

SK Innovation said on Thursday that it has acquired a 13.3% stake in Blue Park Smart Energy(Beijing) Technology (BPSE), a subsidiary of BAIC Group.The pair will collaborate in Batter-as-a-Service (BaaS) businesses.The first project will be battery replacement stations. The stations will swap spent b

Samsung Display said on Thursday that it will begin manufacturing 90Hz notebook organic light emitting diode (OLED) panels in March.There will be three 90Hz OLED products. March is when new notebooks are expected to begin sales from various global customers.Previous notebook OLED supported up to 60H

Qualcomm launched its new application processor, the Snapdragon 870, on Tuesday.The process is an upgraded version of Snapdragon 865 Plus launched earlier.The new AP clocks 3.2GHz, higher than its predecessor’s 3.09GHz. Both are made in the 7nm process.Snapdragon 870’s Kryo 585 CPU has one Cortex-A7