Cars and chips

Participants in the opening ceremony of an alliance on future cars and semiconductors between the Ministry of Trade, Industry and Energy and companies listen to a speech by Kang Kyung-sung.

2021-03-04

Samsung bargains with Austin over investment

Samsung submitted a proposal to the Austin city government asking for property tax reimbursement for 20 years in exchange for a large-scale investment that will create jobs and other economic benefits.

2021-02-28

Samsung shuts Austin chip plant as electricity issues worsen

Samsung Electronics has been forced to temporarily shut down its chip factory in Austin, Texas, on Tuesday. The chipmaker says the interruption in production will not critically impact its operations.

2021-02-17

Stock bonuses being paid as companies feel the heat

Stock is being paid as bonuses by technology companies to reward performance and build loyalty.

2021-02-04

SK acquires 33.6% stake in chipmaker Yes Powertechnix

SK Holdings invested 26.8 billion won ($24 million) into Yes Powertechnix to acquire a 33.6-percent stake in the local chip manufacturer as it bets on next-generation semiconductors used in electric vehicles (EVs).

2021-01-28

With Lee behind bars

The legal case against Lee Jae-yong, vice chairman of Samsung Electronics, connected with the power abuse by removed President Park Geun-hye has finally ended after nearly four years. The bench delivered a grave judgment on large...

2021-01-21

Exports up 10.6 percent in first 20 days of 2021

Korea's exports rose 10.6 percent on year in the first 20 days of January on the back of robust shipments of chips and autos amid the pandemic, customs data showed Thursday.

2021-01-21

Semiconductor sector goes from hot to blazing

Semiconductor exports saw one of their best performances ever last year, second only to 2018, despite the pandemic and U.S.-led sanctions on a major buyer, Huawei.

2021-01-05