Bearing maker WONST is targeting an annual revenue of 100 billion won this year, CEO Lee Taek-won told TheElec.The company is aiming to list on the Korean bourse next year on the back of hitting the revenue target, Lee said.WONST had originally aimed to go public this year, deciding on Shinhan Secur

Samsung may cancel its planned launch of a budget model version of its upcoming Galaxy Z Fold 6 foldable phone, TheElec has learned.The South Korean tech giant initially planned to showcase three foldable phones during the summer: Galaxy Z Fold 6, Galaxy Z Flip 6, and an affordable version of the Fo

SK Hynix is planning to start mass production of HBM4E in 2026, a company research said.The South Korean memory maker originally planned to start mass production of the Gen 7 high-bandwidth memory (HBM) in 2027.But SK Hynix team leader and researcher Kwi Wook Kim said during International Memory Wee

CGP Materials is aiming to reach 150 billion won in annual revenue by 2027 through the expansion of its semiconductor patterning material business.The electronic material firm said on Thursday that it has started construction of a new factory in Sejong City.CGP Materials CEO Park Chun-geun said duri

SK Hynix said on Thursday that it has developed Zoned UFS (ZUFS) 4.0 and start mass production of the mobile NAND solution in the third quarter.ZUFS improves on conventional UFS flash memory with increased data management efficiency.It manages data per their characteristics and saves them in differe

The US chip production capacity is expected to triple from 2022 to 2032 from the enactment of the CHIPS and Science Act, but extending current support and considering additional measures was needed to “stay the course”, according to a joint report by the Semiconductor Industry Association (SIA) and

LG Electronics is attempting to sell battery production equipment to non-LG companies.This stems from its recent failure to win orders from the joint battery factory of LG Energy Solution and Hyundai Motor in the US, sources said.LG Electronics’ Production engineering Research Institute (PRI), known

The worldwide semiconductor industry is showing clear signs of a recovery.According to the Semiconductor Industry Association (SIA), the US trade body, worldwide semiconductor revenues jumped 15.2% on-year to US$137.7 billion in the first quarter. Revenues dropped 5.7% from the fourth quarter.The on

Qualtias Semiconductor said on Tuesday that it will raise 59.5 billion won through a share offering.Out of the total, 57.5 billion won will be spent up to 2027 for the research and development of new chip IPs, the company said,49.5 billion won will be spent on next-generation products and the applic

Apple unveiled its first iPads that sport an OLED panel rather than a liquid crystal display one on Tuesday.Cupertino in its online Let Loose event showed off its new iPad Pro models, which have a two-stack tandem OLED panel as their screen.The iPhone maker also unveiled new iPad Air models that doe

Intel has secured the majority of high-NA extreme ultraviolet (EUV) equipment that ASML is manufacturing up to the first half of next year, TheElec has learned,The Dutch fab equipment maker is manufacturing five units of the kit this year, which will all go to the US chipmaker, sources said.As ASML’

Samsung is taking a two-track approach to its development of high-bandwidth memory (HBM).The company’s newly formed HBM development team, which was turned into a permanent office from a task force in March, is focusing on the development of HBM4, sources said. HBM4 is the sixth-generation iteration

SK Hynix expects to hit an accumulated revenue of mid-US$10 billion in high-bandwidth memory (HBM) sales by the end of 2024.The memory maker has already sold out its HBM capacity for the year as well as those for 2025, SK Hynix CEO Kwak Noh-jung said during a press conference on Thursday at the comp

BOE has decided to use OLED deposition machines from South Korea’s Sunic System for its production of Gen 8 IT OLED panels, TheElec has learned.Rival Canon Tokki didn’t put in a bid for the order, paving the way for Sunic System to clinch the deal as the single vendor.The South Korean equipment make

SK Hynix is testing the performance of Tokyo Electron’s cryogenic etching equipment, TheElec has learned.The South Korean memory chipmaker has sent test wafers to the fab equipment maker for the tests instead of installing them in its own fab, sources said.Tokyo Electron’s new kit etches at high spe

Samsung’s chip division has returned to profitability in the first quarter on the back of the recovery of the memory chip market.The South Korean electronics maker said on Tuesday that it recorded 71.92 trillion won in revenue and 6.61 trillion won in operating profit, an increase of 13% and 932%, r

South Korean chemical giant LG Chem was testing its own build-up film with a potential flip-chip ball grid array (FC-BGA) customer, a company researcher said.Builder-up films are an insulating film used in chip packages such as FC-BGA and glass substrates.The industry mostly uses Ajinomoto Build-Up

A national project to promote the development of advanced technologies in chip packaging has been passed by the South Korean government, TheElec has learned.It passed the preliminary feasibility review of Korea Institute of S&T Evaluation and Planning, a government think tank to set policies for sci

Samsung was considering applying metal oxide resist (MOR) during the extreme ultraviolet (EUV) lithography process for its next-generation DRAM, TheElec has learned.MOR is considered the next-generation photoresist (PR) to the chemically amplified resist (CAR) currently used in the lithography of ad

LG Energy Solution is planning to reduce its investment this year due to the unfavorable macroeconomic situation.The South Korean battery maker said on Thursday that it recorded 6.12 trillion won in revenue and 153.7 billion won in operating profit in the first quarter this year, an increase of 30%