Search result for Electronics
Microsoft's data center in southeastern Wisconsin receives board approval
Plans for a giant Microsoft data center have been approved by village officials in the southeast Wisconsin town that is home to the vast campus of the world's largest electronics manufacturer.
Plans for a giant Microsoft data center have been approved by village officials in the sou...
Losses in global foundry sales in 2023 will hurt Taiwan and South Korea.
This year is expected to be a down year for revenues in the worldwide contract chipmaking industry, also known as foundries, as demand for sophisticated chips, which have strengthened the technology-driven economies of Taiwan and South Korea, rapidly cools. Foundry sales are forecast to drop by 4...
Sales of global foundries are expected to fall in 2023, hurting Taiwan and South Korea in particular.
The advanced chips that have strengthened the economies of Taiwan and South Korea through technological innovation have seen a sharp decline in demand, and foundry revenues around the world are expected to plummet as a result. Foundry sales are predicted to fall by 4% in 2023 from 2022, according...
When TSMC is soaring, competitors like Samsung and SK hynix are at a turning point
Samsung Electronics and SK hynix are facing a bleak outlook in terms of their bread-and-butter memory chip businesses as soaring global inflation, the won's fall against the dollar and the ongoing Russia-Ukraine war have dampened demand for IT products using those chips, according to industry...
MFS, an US$800 million electronics company, is being considered for sale by DCP Capital
According to persons familiar with the situation, DCP Capital is considering selling its controlling position in MFS Technology (S) Pte Ltd, a Singapore-based flexible printed circuit manufacturer.
According to the persons who asked not to be identified because they were discussing a pr...
PANASONIC CORP. EXPECTS NET PROFIT TO INCREASE BY $1.9 BILLION
Highlights –
- Panasonic Corp. expects net profit to increase by $1.9 billion.
- In fiscal 2021, the company sales are forecasted to increase 4.5 percent to 7 trillion yen.
- The automotive segment is expected to turn an operating profit of...
S. KOREA SAW AN INCREASE IN 5G USERS BY 14 MILLION IN APRIL
Highlights –
- S. Korea saw an increase in 5G users by 14 million in April.
- SK Telecom Co. reported the most 5G subscribers at 6.74 million in April.
- 4G subscriptions declined to stand at 51.18 million in April.
- Some unsatisf...
LG ELECTRONICS SAW NET PROFIT OF $1.05 BILLION IN Q1 2021
Highlights –
- LG Electronics saw net profit of $1.05 billion in Q1 2021.
- Its operating profit also rose 39.1 percent to 1.51 trillion won in Q1.
- On Thursday, shares in LG fell 1.22 percent to 162,000 won on the Seoul bourse.
CHINA’S INDUSTRIAL FIRMS MAINTAIN EXPANSION OF ITS BUSINESS IN Q1 2021
Highlights –
- China’s industrial firms maintain expansion of its business in Q1 2021.
- Major industrial firms raked in 1.83 trillion yuan in combined profits.
- In March profits of major industrial firms jumped 92.3% year on year to...
SAMSUNG SOLD OVER 10,000 UNITS OF 2021 QLED TV IN S. KOREA
Highlights –
- Samsung sold over 10,000 units of 2021 QLED TV in S. Korea.
- The new QLED TV models were released in March 3.
- Samsung’s Neo QLED TV accounted for half of its 2021 QLED TV sales in South Korea.
- In 2020, Sam...
S. KOREA'S BUSINESS CHIEF’S DIVIDEND PAYMENTS ROSE 37.1% IN 2020
Highlights –
- S. Korea's business Chief’s dividend payments rose 37.1% in 2020.
- 39 heads of the nation's 50 conglomerates received a combined US$1.6 billion in 2020.
- Late Samsung Group Chairman Lee Kun Hee’s dividen...
SONY INDIA SOFTWARE TO AWARD SCHOLARSHIPS FOR FEMALE IISC STUDENTS
HIGHLIGHTS
- Sony India Software is going to award scholarships for female students at IISc.
- Scholarship is meant to encourage more women to pursue higher studies at IISc.
- Special attention is being given to engineering and technology so that...
SAMSUNG ELECTRONICS FORECASTS OPERATING PROFIT OF $8.3 BILLION IN Q1
Highlights –
- Samsung Electronics forecasts operating profit of $8.3 billion in Q1.
- Samsung projected its sales at 65 trillion won in the January-March period.
- Samsung projects its chip business to log an operating income below 4 trill...
LG ELECTRONICS ANNOUNCES TO END ITS NO PROFIT MOBILE BUSINESS
Highlights –
- LG Electronics announces to end its no profit mobile business.
- The company in a regulatory filing announced to no longer produce and sell handsets after July 31.
- LG's mobile business has reportedly been in the red sin...
JAPAN’S INDUSTRIAL OUTPUT FELL 2.1 PERCENT IN FEBRUARY OVER AN EARTHQUAKE
Highlights –
- Japan’s industrial output fell 2.1 percent in February over an earthquake.
- An earthquake on Feb. 13 in northeastern Japan disrupted parts supply for major automakers.
- The auto sector reported an 8.8 percent fall in ...
JAPAN’S MURATA CO. TO PROVIDE ITS TRAFFIC COUNTING SYSTEM TO INDONESIA
Highlights –
- Japan’s Murata Co. to provide its traffic counting system to Indonesia.
- The Japanese electronic parts maker has partnered with a local information technology firm in Indonesia.
- The traffic system developed by Murat...
LG ELECTRONICS TO SPLIT EV COMPONENTS BUSINESS WITH MAGNA INTERNATIONAL
Highlights –
- LG Electronics to split EV components business with Magna International.
- LG Electronics plans to set up a joint venture with the Canadian auto parts maker to secure the business.
- LG Electronics shareholders passed the pro...
S. KOREA BECOMES WORLD’S 3RD LARGEST MAKER OF CHIP MATERIALS IN 2020
Highlights –
- S. Korea becomes world’s 3rd largest maker of chip materials in 2020.
- S. Korea’s semiconductor market grew 3.9 percent in 2020.
- China overtook South Korea to occupy the second spot at $9.76 billion.
SAMSUNG ELECTRONICS ASKED TO FOLLOW RULES ON EMPLOYMENT RESTRICTION
Highlights –
- Samsung Electronics asked to follow rules on employment restriction.
- Samsung Group’s independent compliance committee recommended the same.
- Lee is currently serving a 2 1/2-year prison term for bribing then-Presiden...
SAMSUNG DISPLAY TO EXPAND ITS OLED PANELS IN GAMING DISPLAY MARKET
Highlights –
- Samsung Display to expand its OLED panels in gaming display market.
- Samsung Display is currently used in Asus' Republic of Gamers (ROG) Phone 5.
- The display supports a 120Hz refresh rate for fast frame transitions.