Samsung in talks to produce Anthropic’s advanced AI chips

Anthropic is in talks with Samsung Electronics to produce advanced artificial intelligence chips using the Korean chipmaker’s next-generation foundry and packaging technologies, according to a report, in a potential boost to Samsung’s efforts to win more big tech customers. The Information reported Thursday that the US AI model developer is considering using Samsung’s 2-nanometer foundry process and advanced packaging facilities to manufacture its own high-end chips. The discussions are still at

2026-07-03 11:49:51:00

Samsung Electro-Mechanics forms W480b glass core joint venture with Sumitomo unit

Samsung Electro-Mechanics will set up a 480 billion won ($310 million) joint venture with a Sumitomo Chemical Group unit to produce glass cores, a key material for next-generation semiconductor substrates used in advanced chip packaging. The Korean components maker said Thursday it signed a final agreement with Dongwoo Fine-Chem, a wholly owned subsidiary of Japan’s Sumitomo Chemical Co., to establish the venture, tentatively named GlaSSEM. Samsung Electro-Mechanics will hold a 66.2 percent stak

2026-07-02 17:56:03:00

Samsung, SK narrow site search for Gwangju chip fabs

Samsung Electronics and SK hynix are reviewing potential chip fab sites in Gwangju and South Jeolla Province as the government moves to back an 800 trillion won ($514.7 billion) semiconductor investment plan aimed at expanding chip production beyond the Seoul metropolitan area. Cheomdan District 3 in Gwangju Innopolis, a research and development zone, and the site of the city’s military airport have emerged as key candidates because of their access to power, water, roads and nearby research faci

2026-07-02 15:50:22:00

SK, KKR to launch Korea's largest renewable energy company

SK Inc. said Wednesday it will partner with US private equity firm KKR to launch South Korea’s largest renewable energy company, consolidating group-wide clean energy assets to meet rising power demand from artificial intelligence data centers and semiconductor plants. The company said it signed an investment agreement with funds managed by KKR to set up the integrated renewable energy firm, tentatively named HoldCo, by the end of this year. The new entity will combine renewable energy assets cu

2026-07-01 14:41:56:00

Korea secures 2.07m-ton tariff-free steel quota from EU

South Korea has secured 2.07 million metric tons of dedicated tariff-free steel exports to the European Union under the bloc's new import regime, with Korean steelmakers potentially able to ship up to 3.55 million tons, including access to shared quotas. The Ministry of Trade, Industry and Resources said Tuesday the European Commission announced the operating plan and country-by-country allocations for the new tariff-rate quota system, which takes effect Wednesday and replaces the existing steel

2026-06-30 18:10:05:00

Samsung, SK hynix say Yongin won't be enough for AI era

Samsung Electronics and SK hynix on Tuesday reaffirmed plans to invest about 800 trillion won ($518 billion) to turn Korea's southwest into the country's next semiconductor hub beyond Yongin, citing surging AI-driven memory demand. Samsung Vice Chairman Jun Young-hyun and SK hynix Chief Executive Officer Kwak Noh-jung laid out their investment road maps at a government-hosted event at the Kimdaejung Convention Center in Gwangju, a day after the government and major companies unveiled three megap

2026-06-30 18:00:11:00

LG sets up CEO-level robotics unit for physical AI push

LG Electronics said Tuesday it will set up a new robotics business center directly under its chief executive in a reshuffle aimed at accelerating one of its key future growth bets in physical AI. The new Robotics Business Center launching Wednesday will bring together business development, sales and operations functions, giving the unit a full business structure covering everything from finding new opportunities to supply chain and manufacturing, the company said. The center will be led by Song

2026-06-30 15:12:59:00

US DRAM lawsuit unlikely to derail AI memory boom

The world's three largest memory chipmakers have been named in a proposed US class-action lawsuit accusing them of restricting DRAM supply during the industry's shift toward artificial intelligence memory products. Analysts, however, expect little immediate impact on Samsung Electronics, SK hynix and Micron Technology, or the memory market. According to industry sources Tuesday, 17 plaintiffs comprising individual consumers and small businesses filed the complaint in the US District Court for th

2026-06-30 15:02:23:00

Lee calls Samsung, SK chiefs 'national heroes' in W900tr chip push

South Korea is betting nearly 900 trillion won ($583 billion) that the artificial intelligence boom will create enough demand for memory chips to justify building an entirely new semiconductor production belt outside the Seoul metropolitan area. At Monday's presidential public briefing on the government's three megaprojects, Samsung Electronics Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won unveiled investment plans totaling 881 trillion won, including four memory fabs in the southwest

2026-06-29 15:40:26:00

Korea braces for more heat after Seoul hits 32 C

As Seoul’s daytime high reached 32 degrees Celsius on Sunday, residents turned to pools, fountains and other waterside spots across the capital to escape the early summer heat. The hot weather is expected to continue Monday, especially in inland areas, as a high pressure system over the East Sea pushes daytime highs above 30 C in many parts of the country. Perceived temperatures are forecast to rise to around 31 C. Morning lows will range from 16 to 21 C, while daytime highs are expected to reac

2026-06-28 19:27:49:00