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Biz & Tech

IT

Tue, January 26, 2021 | 11:59

SK hynix ready to build 'chip empire'

SK hynix ready to build 'chip empire'

SK hynix came out with a surprising announcement on Tuesday morning that it inked a deal to acquire U.S. chip giant Intel's NAND business for $9 billion. It is the largest overseas acquisition deal ever inked by a Korean company, surpassing Samsung Electronics' $8 billion acquisition of Harman back in 2016.

Baek Byung-yeul | 2020-10-20 16:30

SK hynix acquires Intel's NAND biz for $9 bil.

SK hynix acquires Intel's NAND biz for $9 bil.

SK hynix acquires Intel's NAND biz for $9 bil.

SK hynix will acquire Intel's NAND memory and storage business for $9 billion in a move to make it a comprehensive leader in the memory chip business, the SK Group affiliate said Tuesday.

Baek Byung-yeul | 2020-10-20 16:23

SK hynix ready to build 'chip empire'

Facebook unveils machine learning translator for 100 languages

Facebook unveils machine learning translator for 100 languages

Facebook on Monday unveiled software based on machine learning which the company said was the first to be able to translate from any of 100 languages without relying on English. The open-source artificial intelligence software was created to help the massive social network deliver content better in 160 languages to its more than two billion users around the world.

2020-10-20 15:06

Samsung's global brand value ranks fifth for first time

Samsung Electronics Co., the world's leading maker of smartphones and memory chips, said Tuesday its brand value was ranked fifth in the world this year for the first time. Samsung moved up to fifth most-valuable global brand this year with a record value of $62.3 billion, up 2 percent from last year's $61.1 billion, according to Interbrand's latest top 100 best global brands...

2020-10-20 14:13

Hyundai Motor's brand value ranks fifth among global automakers

SK hynix to buy Intel's NAND memory chip unit for $9 billion

SK hynix to buy Intel's NAND memory chip unit for $9 billion

SK hynix Inc., South Korea's No. 2 chipmaker, said Tuesday that it will buy the NAND business of U.S. semiconductor giant Intel Corp. in a deal worth 10.3 trillion won (US$9 billion) to expand its presence in the memory sector. SK hynix said it will acquire all of Intel's NAND flash business, except its Optane memory unit. The deal includes Intel's solid state drive (SSD) bus...

2020-10-20 10:13

Korea's 5G download speed the world's second fastest: report

Korea's 5G download speed the world's second fastest: report

South Korea's 5G download speed is the world's second fastest, reaching an average speed of 336.1 megabits per second (Mbps), a report showed Tuesday. The country was only behind Saudi Arabia, which delivered an average 5G download speed of 377.2 Mbps, according to a report from industry tracker Opensignal, which tracked data between July 1 and Sept. 28 in 15 countries with 5...

2020-10-20 09:14

Swedish audiobook platform Storytel aims to expand presence here

Swedish audiobook platform Storytel aims to expand presence here

The country's publishing market has been stagnant for some time with more people doing things with their smart devices instead of reading books.

Baek Byung-yeul | 2020-10-19 17:22

Lawmakers fail to tackle Netflix, Google issues in audit

Lawmakers fail to tackle Netflix, Google issues in audit

The Science, ICT, Broadcasting and Communications Committee has failed to summon the heads of Google Korea and Netflix Services Korea to appear as witnesses in this year's annual government audit for questioning over their “controversial business practices” in the country.

Kim Hyun-bin | 2020-10-19 17:10

Samsung heir departs for Vietnam for potential investment

Samsung heir departs for Vietnam for potential investment

Samsung Electronics Vice Chairman Lee Jae-yong, the de facto leader of South Korea's top conglomerate, on Monday departed for Vietnam as he seeks more business opportunities amid the pandemic. Lee is expected to meet Vietnamese Prime Minister Nguyen Xuan Phuc on Tuesday during his three-day trip to the Southeast Asian nation and visit Samsung's plants there.

2020-10-19 16:12

SKB aims to establish NE Asia's data center hub by 2021

SKB aims to establish NE Asia's data center hub by 2021

SK Broadband (SKB) has suggested making Saemangeum a data center hub for Northeast Asia with an innovative low-power model that incorporates new and renewable energy sources, for the first time in Korea.

Kim Hyun-bin | 2020-10-19 12:46

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