New Samsung Electro-Mechanics CEO Chang Duck-hyun visited the company’s facility in Busan, his first official move as CEO of the component arm of Samsung.The facility and Busan manufacture multi layer ceramic capacitors (MLCC) and flip-chip ball grid arrays (FC-BGA), two key products for the company

SK On said on Friday that it has named SK Group vice chairman Chey Jae-won as an independent CEO and inside director of the company.SK On was previously the battery unit of SK Innovation, which it split off from in October.Chey, who is the younger brother of SK Group chairman Chey Tae-won, will join

AP Systems said that its accumulated sales up to the third quarter this year from fab equipment increased 60% year-on-year.The South Korean display kit maker said it has recorded 55.9 billion won in sales from fab equipment up to the third quarter, or 16% of its total.The latest figure is its highes

The market for OLED materials used in mobile and TV products is expected to be worth US$1.74 billion this year, according to analyst firm UBI Research.This market will grow 9% per year on average up to 2025 when it will be worth US$2.29 billion, the firm said.OLED materials used in tablets and noteb

Samsung SDI said on Tuesday that it has named Yunho Choi, previously the head of Samsung Electronics’ Management Support Department, as its new CEO.Current CEO Jun Young-hyun will be promoted to vice chairman and oversee the company’s ESG efforts.New CEO Choi joined Samsung Electronics 1987 and had

Samsung Electronics on Tuesday announced that it would be combining its mobile and consumer electronic divisions.The merged division will be called Set Division and led by Han Jong-hee, who previously headed Samsung’s Visual Display business unit, which manufacturers TVs, being promoted to vice chai

Qualcomm CEO Cristiano Amon said on Thursday that the global chip shortage was easing and the situation is expected to improve next year.Supply has improved this year over 2020 and the situation is expected to improve even more in 2022, especially compared to 2020, Amon told reports from South Korea

Posco Chemical has completed a new synthetic graphite anode factory at Pohang.It is the first such factory in South Korea, which the company spent 230.7 billion won to build.The factory will be expanded up to 2023 to produce 16,000 metric tonnes of anode a year.The latest completion has secured Posc

Qualcomm confirmed on Wednesday that it was solely using Samsung Foundry to manufacture its new Snapdragon 8 Gen 1 processor.Qualcomm CEO Cristiano Amon confirmed that it was using the South Korean tech giant’s 4-nanometer (nm) process node to manufacture its latest chip when asked during a Q and A

Posco Chemical said on Thursday that it plans to form a joint venture with General Motors which will construct a large battery cathode factory in the US.The factory will start production of high-nickel cathodes in 2024 that will be supplied to Ultium Cells, the battery-making joint venture between G

Qualcomm on Tuesday unveiled its new premium application processor dubbed Snapdragon 8 Gen 1.The new chip marks a name change as the US chip giant previously called its premium APs Snapdragon 8xx.Qualcomm was already supplying the new processor to major smartphones makers that will likely unveil new

Battery copper foil maker Iljin Materials said on Tuesday that it has received 1.15 trillion won in funding which it will spend to expand the production capacities of its overseas factories.It subsidiaries IME and IMG have received equity investments worth 600 billion won and 400 billion won, respec

Posco Chemical said on Wednesday that it has built a new ‘smart factory’ that will produce refractories.The company spent 49.2 billion won to build the factory that spans 4,759 square meters. Construction started in 2020.It has a capacity produce 21,700 metric tonnes of fluorine refractories a year.

Samsung Electro-Mechanics said on Tuesday it has developed a new 3225 multi layer ceramic capacitor (MLCC) for 5G base stations.The MLCC (3.2mm horizontally, 2.5mm vertically) can be installed on the power terminal of base stations. It has a 10uF capacity and can withstand 100V.The company said it w

PI Advanced Materials said on Monday that it will pay 50% of its annual net profit this year as dividends for shareholders on December 31.The polyimide film maker has been paying over 50% of its net profit as dividends every year since 2016.As of the third quarter, PI Advanced Materials had accumula

Cosmo Chemical said on Monday that it recorded 130.7 billion won in revenue and 10.2 billion won in operating income during the third quarter this year.Revenue increased 56% year-on-year and operating income jumped 877% from a year ago.Its net income during the quarter was 3.6 billion won, a return

Hyundai Motor Group said on Thursday that it plans to launch a mobility app store dedicated to mobility services such as car sharing, parking, charging and payment.The group has formed a market place and also formed an alliance with partners, Song Chang-hyeon, president of Transportation-as-a-Servic

Cowin Tech said on Tuesday that it has clinched a new automation equipment supply deal worth 5.6 billion won.With the latest contract, it had remaining orders of 103 billion won at the current time, a company spokesperson said.It won a total of 22.2 billion won worth of new orders since October.The

Edison Motors was considering buying Chinese battery maker eTrust Power, also known as Lixin Jinagu Energy Technology, TheElec has learned.The company wants to secure a battery supply line as it is planning to mass-produce electric vehicles after it acquires SsangYong Motor, people familiar with the

The global anode market for batteries was worth US$3.2 billion in 2020 but will grow to US$14.1 billion in 2027, according to analyst firm QY Research.Silicon anode’s growth will stand out at 76.6% on average per year, accounting for 10.1% of all battery anodes in 2027, beating natural graphite’s 10