LG Electronics said on Wednesday that it is expecting sales of 18.8 trillion won and operating income of 1.51 trillion won in the first quarter.This is an increase of 27.7% and 39.2%, respectively, from the same time period in 2020.They are the highest figures from the company for the first quarter

Samsung Electronics has recorded operating income in the first quarter that beat market expectations.The South Korean tech giant said on Wednesday that it expects sales of 65 trillion won and operating income of 9.3 trillion won in the first quarter.This will be an increase of 17.48% and 44.19%, res

The OLED materials market will grow 40% this year to be worth US$1.754 billion in 2021, according to market research firm Omdia.This is substantially higher than the 16% growth rate in 2020.Omdia’s data combines materials used for white OLED made by LG Display, quantum dot (QD)-OLED made by Samsung

LG Electronics is ending its smartphone operation after 23 consecutive quarters of loss.The company said on Monday that it held a board meeting and decided to end its mobile business unit by July 31.The Korean firm said it decided to exit the mobile phone sector to focus its resources in growth area

The top 40 semiconductor and display equipment companies in South Korea saw their operating income and sales increase substantially in 2020.The companies combined recorded 12.72 trillion won in sales and 1.22 trillion won in operating income, an increase of 25.8% and 66.5%, respectively, from 2019,

LG Display said on Wednesday that its OLED TV panel has received the Discomfort Glare Free approval from Underwriters Laboratories (UL).UL used CIE’s Unified Glare Rating for its test. UGR must be 22 points or below from the TV panel at light settings between 70lx to 300lx for approval.All of LG Dis

Samsung Display is planning to produce a prototype of a TV that uses its quantum dot organic light emitting diode (QD-OLED) panel in June, TheElec has learned.The company is also planning to produce a QD-OLED monitor prototype as well. These prototypes will be sent to potential customers such as Sam

The top ten fabless chip design companies last year saw their sales grow 26.4% year-on-year, according to market research firm TrendForce.The pandemic, which “seemed at first poised to devastate” the chip design industry, led to spike in notebook computers and networking products, the firm said.Eigh

LG Display CEO said on Tuesday that the company will beef up its safety management standard going forward.Company CEO Jeong Ho-young’s comment at its shareholders’ meeting comes after a worker died following a gas leak at one of the firm’s plant in South Korea.Jeong said the company was still invest

Hanwha Techwin has started development of 8-nanometer (nm) system-on-a-chip (SoC) for CCTVs this year, TheElec has learned.The company is aiming to reduce reliance on China’s HiSilicon, which has previously supplied the CCTV chips.Hanwha is using South Korean design house company for the design. Sam

Samsung Electronics said on Thursday that four models in its 2021 Neo QLED TV series has received certification for Gaming TV Performance from German electrical engineering institute Verband Deutscher Elektrotechniker (VDE).QN900, QN800, QN90, and QN85 were given the certificate for low input lag an

Shareholders of Samsung Electronics were in fierce disagreement over whether company vice chairman Lee Jae-yong should remain in his post following his conviction and jail term from bribery charges, during the company’s annual shareholders meeting on Wednesday One shareholder, who said they were mem

Samsung SDI is expected spend over 1.7 trillion won to expand its battery facilities this year.The company held its 51st annual shareholders’ meeting on Wednesday. Three motions, which included the naming of two new directors, were passed without a hitch.Samsung SDI CEO Jun Young-hyun said the compa

South Korean fabless semiconductor companies recorded noticeably polarizing earnings in 2020.TheElec collected earnings of the top 17 fabless companies, including design houses and chipless firms, and based on revenue in South Korea.The four top companies, Silicon Works, ADTechnology, Abov Semicondu

Samsung Display was reviewing potential investments to expand its production of organic light emitting diode (OLED) for notebooks, according to UBI ResearchSpeaking at an online conference on Thursday, UBI Research CEO Choong Hoon Yi also said Samsung Electronics will unlikely to use Samsung Display

Samsung Electronics said on Thursday that its Neo QLED TV received the Eye Care "Tested" certification given by German standard association Verband Deutscher Elektrotechniker (VDE).The Korean tech giant received the certification for its Neo QLED TVs as well as 2021-model QLED TVs __ their model nam

LG Electronics said on Wednesday that it will be offering various benefits for consumers in South Korea who buy an OLED TV at offline stores by April.Those who buy LG Signature OLED 8K will get up to 2 million won worth of benefits.For consumers who buy a 77-inch OLED TV, if they buy an additional 5

Worldwide revenue from organic light emitting diode (OLED) increased only increased 0.7% in 2020, according to market research firm UBI Research.This was due to price drops of smartphone OLED panels, which cause revenue increase to be less than shipment increase, the firm said.Global OLED revenue hi

Display panel manufacturers TCL and Innolux have said they are expecting supply of liquid crystal display (LCD) panels to be tight throughout the year.TCL chairman Li Dongsheng said at a media briefing last week that the shortage in panels will continue in the first half of 2021. The situation for t

LG Display on Sunday talked up the benefits of OLED TV technology on a new clip promoting Disney’s upcoming movie Raya and the Last Dragon.The 30 second clip posted on YouTube is trailer for the movie shown on an OLED TV.Disney also used OLED TV for its promotional event on March 4.LG Display and Di