SK hynix CEO Kwak Noh-jung recently traveled to Europe to explore future chip technologies, meeting with key officials of the Interuniversity Micro Electronics Center, according to industry sources Monday. During his visit to the IMEC, headquartered in Leuven, Belgium, Kwak met with his counterpart Luc Van den Hove and Max Mirgoli, executive vice president in charge of worldwide strategic partnerships, at IMEC, among others. “It is fantastic when partnerships are based on friendship and tr

Aiming to reinforce its reputation as the “Silicon Valley of the East,” Fairfax County, located near Washington, DC in the US state of Virginia, is seeking to bring in more Korean tech firms specializing in emerging technologies such as quantum computing, artificial intelligence and aerospace, David Kelley, the vice president of the Fairfax County Economic Development Authority, said. "Fairfax County likes to pride itself on innovation, and especially innovation around emerging

Samsung Display has joined the Ferrari Finali Mondiali, the iconic closing event of the Ferrari Challenge Trofeo Pirelli to showcase its high-quality organic light-emitting diode panels including the foldable models, the company said Friday. During the event held Oct. 17-20 in Enzo and Dino Ferrari International Circuit in Imola, Italy, Samsung is displaying its latest OLED products in a 120-square-meter showroom designed to resemble a modern museum. Among the products are a 34-inch display with

Samsung Electronics, the world’s largest smartphone maker by shipment, is expected to launch its thinnest foldable phone next week to reinforce its footing in the global foldable smartphone market where Chinese rivals are edging their way up. Releasing a video invitation on Thursday, Samsung said it would introduce a new product on Monday and set the market launch date on Oct. 25. While the smartphone maker did not reveal what the product will be, it gave away a hint in the video showing o

Shares of Korean chipmakers fell on Wednesday in a bearish market as major chip-related stocks worldwide declined following a gloomy 2025 forecast from semiconductor bellwether ASML. ASML, a Dutch company that makes the world’s most advanced chip-making equipment, reported its booking was half the orders the market expected in its quarterly earnings, and saw its shares plunge 16 percent to close at 668.10 euros ($727) in Amsterdam. Other chip stocks also declined, with Nvidia falling 4.5 p

South Korean display maker Samsung Display showcased its latest organic light-emitting diode panels for monitors and laptops optimized for artificial intelligence applications at the Samsung OLED IT Summit in Taipei, Taiwan, Tuesday. To address growing demand for OLED panels in the IT device market, Samsung Display reorganized its original Samsung OLED Forum as the Samsung OLED IT Summit to emphasize its focus on OLED panels for IT devices, the company said. Some 300 officials from 20 companies,

Former industry and science ministers urged the government to take a more proactive approach to support the domestic chip industry, including providing direct subsidies, to maintain an edge in the intensifying global semiconductor race. Five former ministers and chip experts on Monday discussed the future of Korea's chip industry at a special panel discussion organized by the Federation of Korea Industries in Seoul, where they agreed on the need for "all-around" support from the g

LG Innotek Chief Executive Officer Moon Hyuk-soo is stepping up efforts to recruit top talent from around the globe with the goal of boosting the company's competitive edge in the global market, where it makes the vast majority of its sales, the company said Sunday. Moon recently traveled to the US and hosted the company's main hiring event, "Inno Connect," in San Francisco, where he and Chief Human Resources Officer Kim Heung-sik and Chief Technology Officer Roh Sung-won pre

SK Chairman Chey Tae-won's second daughter Chey Min-jung, 33, tied the knot with Chinese American entrepreneur Kevin Huang in a private wedding in Seoul, where some 500 guests, including the country's top business leaders, gathered for the celebration. Amid their ongoing divorce suit, Chey Tae-won and his ex-wife Roh Soh-yeong both attended the wedding, facing each other for the first time since the latest court ruling in May. Chey Min-jung and Huang reportedly met as neighbors in Wash

Samsung Electronics Chairman Lee Jae-yong on Monday put an end to the long-standing rumor that the memory chip giant might spin off its lackluster foundry business, saying he is still “hungry” for growth. “We are hungry to grow (our) business, not interested in spinning (it) off,” the Samsung chief told Reuters upon his visit to the Philippines. Regarding the delayed operation of the company's new foundry plant currently under construction in Taylor, Texas, Lee said,

Samsung Electronics announced it would be introducing artificial intelligence in all of its major home appliances and mobile devices to offer a more personalized and secure user experience, at this year's Samsung Developer Conference on Thursday. Celebrating the 10th year of the annual event, Samsung Electronics Vice Chairman and CEO Han Jong-hee revealed the company's "AI for All" vision, renewing the company's commitment to using AI technology to enhance security and p

Samsung Electronics, the world’s largest maker of memory chips, announced Friday it started mass producing the industry’s highest-performing solid-state drive with the largest capacity, making it optimal for on-device artificial intelligence applications for personal computers. The new PM9E1, which is a PCIe 5.0 SSD, provides a powerful performance and enhanced power efficiency built on its in-house 5-nanometer-based controller and eighth-generation V-NAND technology, the chipmaker s

South Korean display maker LG Display is expected to emerge from the red next year as the company speeds up efforts to reorganize its business structure to focus on high-value-added organic light-emitting diode panels, market analysts said Thursday. LG Display has been experiencing consecutive yearly deficits, logging operating losses of 2.5 trillion won ($1.9 billion) and 2.08 trillion won in 2023 and 2022, respectively. This year, the losses will continue, but the company should be able to red

Samsung Electronics, a leading tech giant in smartphones and semiconductors, is seen implementing austerity measures, reducing headcounts and downsizing celebratory events as it falls behind global peers in its core product markets. On Wednesday, Bloomberg reported Samsung Electronics is expected to lay off about 10 percent of its total overseas staff of 147,000, with the latest headcount cut being carried out in its headquarters in Southeast Asia, Australia and New Zealand. The company already

Telecom carriers can further expand their roles in the era of artificial intelligence as they hold the lead in offering diverse services, KT CEO Kim Young-shub said at a mobile conference in Seoul on Tuesday, saying collaboration with tech rivals is crucial to boost service quality. "AI-based services have already been realized across all areas, including telecommunications, health care, public transportation, manufacturing and logistics," Kim said in his keynote speech at this year�

South Korean portal giant Naver announced Monday it will buy back and cancel shares worth 400 billion won ($306 million) by the end of the year to boost its declining stock value. The latest measure will be separate from the ongoing shareholder return policy the company introduced in 2023, spanning three years. “From Oct. 2 to Dec. 28, we will repurchase about 2,347,500 shares which accounts for 1.5 percent of the total issued shares, and cancel them by Dec. 31," Naver said. "Giv

South Korean IT giant Kakao will unveil its new artificial intelligence service Kanana at the upcoming developers conference next month, the company said Monday. Holding the annual event dubbed "if kakaoAI 2024" from Oct. 22-24, the company will also announce its AI partnership with Nvidia, the leading graphic processor unit maker, Kakao said. On the first day of the event, Kakao CEO Chung Shin-a will deliver a keynote speech on Kakao's AI road map and Chief AI Officer Lee Sang-ho

South Korean mobile carrier KT has forged a five-year, multibillion-dollar partnership with Microsoft to develop customized artificial intelligence solutions for Korea and to build a tech innovation center, the company said Sunday. Signing the agreement at the Microsoft headquarters in Redmond, Washington, Friday, the two sides agreed to collaborate in the areas of AI, cloud technologies and information technology, and for Microsoft to commit its resources in the areas of infrastructure and peop

Amid growing uncertainties about the timely operation of Samsung Electronics' $40 billion semiconductor fabrication plant in Taylor, Texas, regional economic development chiefs in the state dismissed downsizing rumors, saying construction would be completed by mid-2025. “There was a recent story that workers left, but Samsung every two years recycles in other employees. So the employees there came back to Korea, and they have a new group of employees or construction workers on site,

Amid growing uncertainties about the timely operation of Samsung Electronics' $40 billion semiconductor fabrication plant in Taylor, Texas, regional economic development chiefs in the state dismissed downsizing rumors, saying construction would be completed by mid-2025. “There was a recent story that workers left, but Samsung every two years recycles in other employees. So the employees there came back to Korea, and they have a new group of employees or construction workers on site,&r