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Samsung, SK hynix on edge as US reconsiders Chips Act awards
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Work hour reform for chipmakers: R&D flexibility or worker exploitation?
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Chip talent shortage crisis reinforced by med school obsession
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Beyond memory: Korea’s next big semiconductor challenge
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LG CNS posts record profit in 2024
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SK hynix workers not satisfied with 1,500% bonus. Why?
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Samsung, SK hynix on edge as US reconsiders Chips Act awards
The US Trump administration is reportedly planning to renegotiate the Chips and Science Act deals finalized under the previous administration, putting Korean chipmakers on edge as the subsidies promised to them face uncertainty. According to Reuters on Friday, the White House is seeking to review federal subsidies the Joe Biden administration promised to global chip makers for their investment in the US, signaling potential delays to upcoming disbursements. The White House is apparently concerne
Feb. 14, 2025
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Chip talent shortage crisis reinforced by med school obsession
With medical schools siphoning off top-tier talent like a ‘black hole,’ chip experts call for a systematic talent development policy As technology and engineering schools are gaining prominence in chip powerhouses like the US and China, Korea’s semiconductor industry is grappling to secure top talent amid a nationwide boom in medical schools. With medical schools siphoning off top talent like a “black hole,” chip experts are calling for strategic investment to foster chip engineers to ensure the
Feb. 12, 2025
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Work hour reform for chipmakers: R&D flexibility or worker exploitation?
Semiconductor act sparks clash over innovation, employee protections The government push to pass a highly anticipated law for the semiconductor industry, which includes a clause that would ease the national limit on work hours in the critical sector, remains in limbo, as the majority opposition party and labor unions strongly oppose the legislation, calling it “exploitative.” Amid the tense standoff between the ruling People Power Party and the main opposition Democratic Party over the clause ai
Feb. 11, 2025
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East Sea oil, gas reserve 'lacks economic feasibility'
The South Korean government has determined that one of the potential oil and gas prospects under exploration in the East Sea lacks economic feasibility, the Industry Ministry said Thursday, reporting the preliminary results of the first drilling operation, which concluded earlier this week. "When assessing economic feasibility, we consider multiple factors, including gas indications, reservoir characteristics, cap rock and gas saturation levels," a senior ministry official said in a briefing. "T
Feb. 6, 2025
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LG CNS posts record profit in 2024
Korean IT solutions provider LG CNS said Thursday it achieved record-high yearly sales of 5.9 trillion won ($4.07 billion) in 2024, backed by robust sales in cloud and artificial intelligence business. Operating profit for the year stood at 512.9 billion won, growing 10.5 percent on-year, while annual sales increased 6.2 percent on-year. For the October-December period, LG CNS also posted best quarterly sales of 2.02 trillion won, up 6.2 percent on-year. The operating profit also increased 1.1 p
Feb. 6, 2025
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Samsung unveils new white paper on 6G tech
Samsung Electronics on Thursday unveiled a white paper outlining the tech giant's long-term strategy to enhance its 6G communication technology. In the white paper, titled “AI-Native & Sustainable Communication,” Samsung stated that it will leverage the latest AI technology in 6G development and projected that 6G standards will be finalized by 2030 following candidate technology development, evaluation and consensus-building processes. “We are intensifying our 6G research efforts, focusing on AI
Feb. 6, 2025
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Beyond memory: Korea’s next big semiconductor challenge
Global collaboration, not nationalism, key to chip innovation, says imec CEO South Korea has achieved remarkable growth over the past decades to become a global leader in the semiconductor industry, with its key players dominating the memory chip market. However, as memory and logic chips become increasingly integrated, the country must enhance its capabilities in both sectors to maintain its competitive edge and tackle future challenges, said Luc Van den hove, CEO of imec, the world's largest i
Feb. 5, 2025
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AI mega deal? Samsung, OpenAI, SoftBank chiefs discuss collaboration in Seoul
2-hour, high-profile meeting covers extensive collaborations on AI investments, future strategies Three tech moguls -- Samsung Electronics Chairman Lee Jae-yong, OpenAI CEO Sam Altman and SoftBank Group CEO Masayoshi Son -- convened in Seoul on Tuesday to discuss extensive collaboration on AI investments and future strategies. Their high-profile meeting, held at Samsung's office building in southern Seoul, was arranged upon Altman's visit to Seoul to attend OpenAI's technology forum with local d
Feb. 4, 2025
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Samsung, OpenAI, Softbank chiefs convene in Seoul to discuss AI partnership
ChatGPT Creator OpenAI's CEO Sam Altman, who is currently visiting Korea, is set to hold a meeting with Samsung Electronics Chairman Lee Jae-yong and Softbank Group CEO Masayoshi Son on Tuesday to share industry insights and technological collaboration, possibly including development of the world's first AI-specific device. According to industry sources, the three-way meeting has been organized upon Altman's Seoul visit, coming after almost a year, to attend "Builder Lab," Open AI's technology f
Feb. 4, 2025
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LG plans to bring 10,000 researchers to Magok R&D center
South Korean home appliances giant LG Electronics said Monday it has completed construction of four new research and development facilities in LG Science Park, finalizing its plan to build a centralized control tower to drive advanced technology dvelopment, the company said Monday. The new facilities bring the total number of LG Electronics' R&D buildings to 10 inside the LG Group compound, accommodating a total of 10,000 R&D personnel. Starting from last week's Lunar New Year holiday, the compa
Feb. 3, 2025