Nvidia’s Groq chip ramp brings Samsung foundry closer to profit

Nvidia has begun mass production of its Groq 3 LPX inference accelerator, with Samsung Electronics manufacturing the key chips, raising expectations that the Korean tech giant’s loss-making foundry business could return to profit as early as this year. Nvidia said Tuesday at the Hot Chips 2026 conference in California that Groq 3 LPX has entered full-scale production as the AI chip leader expands beyond graphics processing units into a broader computing stack spanning training, inference, system

2026-08-26 14:27:33:00

LG Electronics global PR chief wins Sabre award after India IPO, AI push

Lea Lee, head of global communications at LG Electronics, was recognized for outstanding individual achievement at the 2026 Asia-Pacific Sabre Awards, after leading the company’s communications work around its India initial public offering and an artificial intelligence-based media system. The award, presented by PRovoke Media in Singapore, honored Lee’s work overseeing LG Electronics’ global communications strategy, including executive positioning, corporate transactions and media analysis. One

2026-08-26 10:56:37:00

Lee seeks progress on mega projects in talks with chaebol chiefs

South Korean President Lee Jae Myung is expected to continue discussions with the country’s top business leaders this week as his government pushes to turn pledges into projects on the ground. Lee is arranging separate meetings with Hyundai Motor Group Executive Chair Chung Euisun and Samsung Electronics Chairman Lee Jae-yong after holding a private dinner with SK Group Chairman Chey Tae-won in Seoul on Aug. 20, according to sources on Tuesday. The presidential office declined to confirm the sch

2026-08-25 14:30:53:00

Dividends or buybacks: Samsung, SK hynix divide on AI windfall

Samsung Electronics and SK hynix have unveiled their largest-ever programs for shareholder returns, on the back of a windfall from the artificial intelligence chip boom. But the two chipmakers are taking sharply different routes. Samsung is leaning on dividends, while SK hynix is pursuing a massive share buyback and cancellation program — a contrast shaped by their different ownership and financial structures. SK hynix moved first with a 40 trillion won ($28.7 billion) plan to buy back and cance

2026-08-23 15:24:17:00

Foldables revive Samsung Display’s A7 OLED project

Samsung Display is restarting construction of its A7 OLED plant in Asan, South Chungcheong Province, five years after the project was suspended, as demand for foldable smartphones begins to justify fresh capacity. The company’s investment review committee approved structural construction of A7 on Aug. 7, with contracts to be placed from this month. Full-scale construction is expected to begin next year, aiming for completion by early 2028. Samsung Display CEO Yi Chung on Wednesday credited folda

2026-08-23 14:41:55:00

Dreame sets out Korea expansion plan, launches new robot vacuum

Chinese home appliance maker Dreame Technology said Friday it plans to expand beyond robot vacuum cleaners in South Korea, positioning the country as a key market for premium small appliances and artificial intelligence-powered smart-home products. At a brand launch event in Seoul, Dreame said it will build a localized product ecosystem spanning personal care, kitchen and living appliances, using robot vacuums as its entry point. “Korea is more than a sales market,” Mun Duck-geun, managing direc

2026-08-21 13:45:35:00

SK hynix buyback sends shares soaring, broker hits limit

SK hynix shares surged as much as 14 percent Thursday after the chipmaker unveiled a 40 trillion won ($28.7 billion) share buyback and cancellation plan, a move it said would mark the largest treasury-share cancellation by a listed Korean company. The rebound helped lift the Kospi and spilled over to rival Samsung Electronics, which gained nearly 10 percent in morning trading on expectations that it could also step up shareholder returns. SK hynix said after Wednesday’s market close that it woul

2026-08-20 14:51:51:00

SK hynix unleashes W40tr buyback amid AI windfall

SK hynix said Wednesday it will buy back and cancel 40 trillion won ($28 billion) of its own shares, sharply stepping up a shareholder return policy that had struggled to keep pace with the chipmaker's surging earnings and cash generation. The company also raised its shareholder return target for 2025-2027 to more than 50 percent of cumulative free cash flow, from a previous plan to return within 50 percent, and signaled further measures could follow later this year. SK hynix said the buyback wo

2026-08-19 17:20:36:00

Samsung Display's foldable screens just got brighter

Samsung Display on Wednesday introduced a new OLED technology aimed at improving brightness consistency on foldable screens. Other products unveiled included a larger stretchable display and panels for AI devices and future vehicles. The company introduced a 7.6-inch "Wide View" display at IMID 2026 in Busan, addressing a limitation in the curved portions of flexible OLED screens. In current commercial foldables, brightness on the curved areas around the crease can appear at about 40 percent of

2026-08-19 14:47:28:00

LG Display ditches masks for brighter, longer-lasting OLEDs

LG Display on Wednesday unveiled a new OLED manufacturing technology that eliminates the fine metal masks used to form red, green and blue pixels, allowing brighter, longer-lasting displays with lower power consumption. The Korean panel-maker said Flipp — FMM-less innovative pixel patterning — is the world’s first technology to produce mask-free organic light-emitting diode panels on a full 8.5-generation glass substrate. LG Display introduced the technology at IMID 2026, a major display confere

2026-08-19 14:47:05:00