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Biz & Tech

Wed, April 14, 2021 | 23:47

Samsung thanks Biden administration for chip supply meeting

Samsung Electronics Co., the world's largest memory chip producer, on Wednesday expressed its gratitude to U.S. President Joe Biden and his government for holding a meeting with business leaders to resolve the chip shortage in the industry.

2021-04-14 21:27

SKT to split into two separate businesses

SK Telecom (SKT) said Wednesday that it will split up into two parts through an equity spinoff, with one responsible for the traditional telecommunications business and the other to take control of semiconductor and e-commerce operations.

Kim Bo-eun | 2021-04-14 16:59

Merck to up investment in Gyeonggi Province

Kai Beckmann, CEO of Merck's Electronics business, appears onscreen on the right, during a video conference with Gyeonggi Provincial Governor Lee Jae-myung, left screen, at Gyeonggi Provincial Office, Tuesday. During the meeting, the CEO said Merck plans to invest over 250 billion won in semiconductors and OLEDs through its business sites in the province for the next five yea...

Baek Byung-yeul | 2021-04-14 15:58

KT accelerating drive to expand global media biz

KT is speeding up its drive to expand its global media business, as the telecom firm seeks to reinvent itself as a digital platform company by shifting its focus to media content. Early this week, KT took over a 100 percent stake in Alticast's media business Altimedia for 11.26 billion won ($10.08 million). Altimedia is a tech firm that sells security-oriented products to be ...

Kim Bo-eun | 2021-04-14 15:42

Racist abuse against footballers puts Facebook under pressure

Marcus Rashford, Sadio Mane, Jude Bellingham, Rabbi Matondo and many others have already experienced it: racist abuse on social media. Due to the amount of xenophobic and racist comments online, English Championship side Swansea City as well as the Scottish football champions Rangers have boycotted all social media platforms for a week since last Thursday.

2021-04-14 15:41

Biden's push forces Samsung into balancing act with China

U.S. President Joe Biden's pledge to support the semiconductor industry during a virtual meeting with global business leaders, Tuesday (KST), could push Samsung Electronics to walk a tricky tightrope between the United States and China. The U.S. leader explicitly addressed a need to stay ahead of China during the meeting with the executives from 19 companies - Samsung Electro...

Yi Whan-woo | 2021-04-13 16:55

Hyundai Motor, Samsung SDI forming battery partnership

Hyundai Motor is seeking to build a partnership with Samsung, at this time when the carmaker is pushing forward with its shift to eco-friendly future vehicles. The partnership is focused on developing each company's strategic interests: Hyundai Motor is in need of EV batteries and automotive components, while Samsung is able to provide them.

Kim Bo-eun | 2021-04-13 16:32

Huawei vows close cooperation with Korea's Digital New Deal drive

Chinese telecommunications giant Huawei Technologies has vowed to deepen cooperation with the Korean government's Digital New Deal drive that aims to foster high-potential information and communication technology.

Baek Byung-yeul | 2021-04-13 16:32

Samsung maintains 2nd spot in chip revenue behind Intel in 2020: data

Samsung Electronics Co. maintained the status as the world's second-largest semiconductor vendor by revenue last year, industry data showed Tuesday, amid rising demand of memory products on the back of the pandemic-induced stay-at-home economy. Samsung's chip business logged US$57.7 billion in revenue last year, up 10.2 percent from a year earlier, to capture 12.4 percent of ...

2021-04-13 09:17

Biden pledges more investment amid semiconductor shortage

SK-LG settlement may press Samsung to invest more in US

The White House will hold a meeting with global companies, including Samsung Electronics, on Tuesday morning (KST) to discuss the ongoing global semiconductor shortage issue. Given that industry officials and analysts are expecting the Biden administration to demand a reorganization of the chip industry, centered on the U.S., the focus is moving to whether the Korean tech gia...

Baek Byung-yeul | 2021-04-12 20:07

Biden pledges more investment amid semiconductor shortage

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