Going by the posting on a government contracting site, the U.S. Defense Department will soon commence soliciting proposals for a program to provide incentives to boost the production of chip in the country. Currently large American chip companies, including Nvidia Corp, Apple Inc, and Qualcomm Inc outsource the fabrication of semiconductors to companies such as…
On Wednesday, in a statement South Korea’s Hyundai Motor Group stated, early next year it will introduce an electric vehicle-only platform which will use its battery technology to cut production time and costs. The plan by Hyundai Motor Group, the world’s No.5 auto group, aims to become a major player in the global EV market,…
On Tuesday, South Korean investment bank Mirae Asset Daewoo Co Ltd stated, it has won a U.S. lawsuit against China’s Anbang Insurance Group. The development comes in the wake of Mirae Asset affiliates scrapping a $5.8 billion deal to buy 15 U.S. hotels from Anbang, which then had filed a lawsuit against the South Korean…
On Friday, South Korean news agency Yonhap said, North Korean-backed hackers have attempted to break into servers of South Korean companies who are developing coronavirus vaccines. Yonhap cited a parliamentary intelligence committee in its report.
Following Tesla’s unveiling of its plans to produce its own batteries in order to trim costs, shares of its two battery suppliers fell on Wednesday. Shares of South Korea’s LG Chem and Japan’s Panasonic have fallen with the news reaching the market. After initially opening higher, LG Chem’s shares was trading down by 3.1% while…
On Monday, South Korea’s competition watchdog stated, Apple’s Inc South Korean unit has put forwards proposals to address antitrust concerns and has offered $84.02 million (100 billion won) in support programmes to small small businesses, consumers and others. The development comes in the wake of Apple Korea being investigated by the Korea Fair Trade Commission…
As a result of the Wuhan Coronavirus, South Korea is slipping from its lead in the global next-generation 5G telecom services, with the pandemic cooling consumer sentiments for costs and quality. Earlier this year, South Korea’s telecom operators led by SK Telecom and KT Corp had launched the world’s first 5G services with South Korea’s…
On Tuesday, a spokeswoman from South Korean panel maker Samsung Display said, it has decided to stop the production for all of its of liquid crystal display (LCD) panels in South Korea and China by the end of 2020. In October, Samsung Display, a unit of Samsung Electronics Co Ltd, had said it would suspend…
South Korea’s Samsung Display, a supplier for Samsung Electronics and Apple Inc, has requested Vietnam to exempt 700 South Korean engineers from its mandatory quarantine requirement saying they are needed to prepare for the production of screens for new smartphones. South Korea is Vietnam’s biggest foreign investor. In an effort to contain the outbreak of…
On Monday, in a statement the Vietnamese government stated, South Korean electronics giant Samsung Electronics has started building a $220 million research and development center in the country. The construction will be completed by the end of 2022, said the Vietnamese government while adding that the research center will employ around 2,200 to 3,000 people.…
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