CEO hints at ‘meaningful’ M&A deal this year to boost AI chip business SUWON, Gyeonggi Province — Samsung Electronics' top executives apologized to shareholders on Wednesday for the company’s poor stock performance, acknowledging its failure to capitalize on the artificial intelligence boom and maintain a competitive edge in key businesses, especially chips. Facing tough questions from shareholders at this year's annual meeting, Vice Chairman and co-CEO Han Jong-hee vowed to make a "painstaking

SK hynix, the world's second-largest memory chip maker, said Wednesday it unveiled a sample of its next-generation high-bandwidth memory chips during GTC 2025, an annual tech conference hosted by the US chip giant Nvidia. At its booth, titled “Memory, Powering AI and Tomorrow,” the company presents HBM, memory products for AI data centers, on-device memory, and memory solutions for automotive businesses until Friday in San Jose, California. Among its featured products is the 12-layer HBM3E, curr

LG CNS on Wednesday said it is expanding into the North American market with its latest warehouse automation robots. The IT solutions arm of LG Group is participating in ProMat 2025, a major manufacturing and supply chain trade show at McCormick Place in Chicago that started Monday and runs through Thursday. At the event, LG CNS showcased its “3D Mobile Shuttle,” a warehouse automation robot designed to transport and store goods on warehouse shelves. The shuttle robot can move freely in four dir

LG AI Research has unveiled the country’s first reasoning artificial intelligence model, Exaone Deep with top-tier performance to compete head-on with industry-leading players including OpenAI and DeepSeek, Tuesday. The research institute, affiliated with Korea's fourth-largest conglomerate LG, introduced the new foundation model at this year's Nvidia GTC, an AI conference held in Silicon Valley. The company claimed the model outperforms leading US and Chinese AI models with fewer parameters and

Korea's shipbuilding, nuclear sectors closely monitor fallout from US designation The US government’s decision to place South Korea on its list of sensitive countries has raised concerns that the designation could hamper Korea’s chances of collaborating with the US in technological and industrial areas. Minister of Science and ICT Yoo Sang-im noted that the labeling could damage the trust between the two allies during a live TV show aired by broadcaster KBS on Sunday. “The joint research project

South Korea will promote its artificial intelligence and future mobility solutions at a Japanese exhibition set to open next month, a trade promotion agency said Tuesday. Expo 2025 Osaka is scheduled to open April 13 on Yumeshima, an artificial island on Osaka Bay, and run for six months under the theme of "Designing Future Society for Our Lives." A Korean delegation led by Kang Gyeong-seong, chief executive officer of the Korea Trade-Investment Promotion Agency, recently visited the Korean exhi

Korea to clarity trade terms with US, pushes for removal from 'sensitive countries' list South Korean Industry Minister Ahn Duk-geun is set to travel to Washington this week to discuss Korea's trade terms with the US and request that the Trump administration remove Seoul from its "sensitive countries" list. During a high-level economic affairs meeting on Monday, acting President Choi Sang-mok urged government agencies to actively engage with their US counterparts to prevent any negative impact o

With key chip business under pressure, legal risks lingering, Samsung braces for tough questions at shareholders meeting Samsung Electronics Chair Lee Jae-yong sought to convey a message of urgency to company executives, saying Samsung has “lost its unique strength” and must take on a “do-or-die” mentality to tackle mounting challenges. In a rare and direct message, Lee's remarks came via a prerecorded video shown to some 2,000 executives from Samsung affiliates who had gathered for a recent int

As societal consensus on digital inheritance remains elusive, voices advocating for at least granting "account access rights" to heirs are gaining traction in Korea. The issue of digital inheritance has resurfaced following the Jeju Air crash at Muan International Airport last December. Families of the victims sought access to the deceased's social network accounts and contact lists to facilitate funeral arrangements, sparking a renewed debate. The National Assembly has called for urgent discuss

South Korean internet giant Kakao is spinning off Daum, its in-house independent company that operates the country’s second-largest portal site, reigniting speculation about a potential sale of the service. According to industry sources Friday, Kakao revealed the spin-off plan during an internal town hall meeting on Thursday, explaining that the move is part of its strategy to address intensifying competition in the portal, search and content sectors. “By becoming a fully independent entity, Dau

Samsung's foundry business could be in “serious jeopardy” if TSMC and major US chip designers form a joint venture to operate Intel's semiconductor manufacturing facilities, making a decline in Samsung’s market share inevitable, industry experts warned Thursday. On Wednesday, Reuters reported that TSMC has proposed a joint venture with Nvidia, AMD and Broadcom to manage Intel’s semiconductor factories. According to the report, TSMC would limit its stake to no more than 50 percent. Qualcomm was a

Samsung in search of lobbying experts with strong ties to Trump With US President Donald Trump escalating threats of tariffs and trade restrictions, South Korean conglomerates are rushing to revamp their Washington offices to establish direct connections with the new administration. Samsung Electronics, the world's leading smartphone and semiconductor maker, is considering appointing a new head for its US office and is actively seeking experts with strong ties to Trump. "We are actively looking

Samsung Electronics has won a temporary injunction against Chinese appliance-maker TCL in Germany, barring TCL from using the contested TV brand name in the European Union. Samsung filed an injunction lawsuit in November against TCL’s German subsidiary at the Dusseldorf Regional Court, alleging that TCL’s Nxtframe infringes on the trademark of Samsung’s The Frame TV, according to sources. The court ruled in Samsung’s favor on Feb. 26, following an oral hearing on Jan. 29, where it found a likeli

Acting President Choi Sang-mok said Wednesday the government will work to allow semiconductor workers to put in extra hours when needed and adopt measures to foster the development of new technologies and industries to ensure the country's sustainable growth amid intensifying global competition. Choi made the remarks at a regular meeting of economy-related ministers, saying the country's "technological capability equals the national strength." "The government will work to foster the growth of ar

South Korea has been informally told that the US Department of Energy (DOE) was considering categorizing it as a "sensitive country" and has since raised the issue with the department, Foreign Minister Cho Tae-yul said Tuesday. Cho made the remarks during a parliamentary session amid signs that the DOE, which oversees energy and nuclear policies, is reviewing the possibility of placing South Korea on its sensitive country list. If placed, researchers from countries on the list undergo more strin