SK Hynix has announced board approval for a KRW9.4 trillion (approximately US$6.77 billion) investment to construct its first plant and related operational facilities at the Yongin Semiconductor Cluster in South Korea. Construction is set to begin in March 2025, with completion targeted for May 2027. The project aims to meet the growing demand for AI-related memory
American voters are set to decide their new president in November. One of the major powers of the US president is the ability to alter the direction of federal agencies with a few executive orders and appointments, and these alterations can have major impacts on tech companies
China is ramping up its efforts to produce High-Bandwidth Memory (HBM), crucial for advancing AI technology, as part of its supply chain indigenization strategy
Glass Core Substrate (GCS) is becoming a trend that major players in the semiconductor supply chain are avidly pursuing. LG Innotek is reportedly contacting material, components, and equipment partners to set up its GCS supply chain, and will collaborate with LG Display (LGD) for the endeavor
On July 23, 2024, Infineon Technologies AG expanded its ongoing lawsuit in the U.S. District Court for the Northern District of California, adding claims against Innoscience (Zhuhai) Technology Company, Ltd., Innoscience America, Inc., and their affiliates
Taiwan's Ministry of Digital Affairs (MODA) is promoting the application of 5G private networks to increase the competitiveness of all industries by combining 5G with semiconductor manufacturing, information communication technology, petrochemical, and construction industries
Japan-based Nidec is pivoting its focus from Electric Vehicle (EV) drive systems to AI server liquid cooling systems as the Chinese EV market is experiencing intense price competition. To meet the surging demand for generative AI, Nidec is significantly ramping up the production of liquid cooling modules for AI servers
Memory prices are expected to remain stable or go up in the third quarter of 2024 for different market segments, but consumer demand will continue to be disappointing, according to industry sources
Chinese tech company Xiaomi Corp. has purchased a plot of land in Beijing for RMB 842 million (US$116 million) to expand electric car production following the early success of its debut sedan
In a pioneering move, Seoul's bustling Myeongdong has become home to South Korea's first cryptocurrency ATMs equipped with Know Your Customer (KYC) verification. These cutting-edge ATMs, exclusively accessible to foreign nationals, facilitate direct cash withdrawals, albeit with certain limitations
LG Display (LGD) is set to start mass production of its third-generation tandem OLED for automotive applications in 2026, aiming to enhance display brightness and durability
LG Innotek delivered a stellar performance in the second quarter of 2024, with revenue hitting a quarterly record and operating profit soaring by 726.2% year-on-year. Analysts credit the enduring popularity of Apple's iPhone 15 series for the company's exceptional results, defying the typical seasonal slowdown
