Articles by Son Ji-hyoung
Son Ji-hyoung
consnow@heraldcorp.com-
Samsung chief visits ASML HQ as race for high-end chip intensifies
Samsung Electronics top executives on Tuesday held talks with representatives of chip photolithography equipment maker ASML, including its Chief Executive Officer Peter Wennink, the South Korean tech giant said Wednesday. Representatives of Samsung, including Lee Jae-yong, vice chairman and de facto leader; and Kyung Kye-hyun, co-chief executive officer in charge of Samsung’s semiconductor business, visited the headquarters of ASML in Eindhoven, the Netherlands. Samsung said in a state
Technology June 15, 2022
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[Market Eye] Samsung at crossroads as chip consortium buying Arm is in offing
Amid growing speculation that the world’s behemoth chipmakers are envisioning a game-changing consortium investing in United Kingdom-based chip design house Arm, all eyes are on whether South Korean tech giant Samsung Electronics will join the team. Samsung Electronics Vice Chairman Lee Jae-yong is now on a two-week trip to Europe, and is widely anticipated to be heading to the UK after Germany and the Netherlands. Once Lee’s visit to the UK is confirmed, Arm is speculated to be on
Technology June 15, 2022
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LG Energy Solution unveils W730b EV battery plan
South Korean lithium-ion battery cell maker LG Energy Solution on Monday unveiled a 730 billion won ($567 million) plan to expand production of batteries for electric vehicles here, including the next-generation 4680-type cylindrical batteries, which are bigger than current conventional designs. In an apparent bid to supply to carmakers like US electric vehicle giant Tesla, the company will pour in 581.8 billion won from June 2022 until October 2023 by adding a 9 gigawatt-hour pr
Technology June 13, 2022
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AMD’s next-gen server CPU standard signals ties with Samsung
The latest announcement of US logic chip designer Advanced Micro Devices’ next-generational processor standard for data center servers indicates that a collaboration with South Korean tech giant Samsung Electronics is imminent. This comes as AMD’s chip architecture in the making is to be compatible with the groundbreaking Samsung-backed memory standard Compute Express Link, in order for the chip platform to go full throttle. AMD hinted at heterogeneous computing by opening up to in
Technology June 13, 2022
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Samsung chief’s brother-in-law elected first Asian ISU President
Kim Jae-youl, a council member of the International Skating Union, was elected president of the organization at the ISU Congress held on Friday in Phuket, Thailand. Kim, the brother-in-law of tech giant Samsung’s de facto leader Lee Jae-yong, has become the first non-European to lead the ISU since its foundation in 1892. The candidate from South Korea is a short-track speed skating powerhouse who won 77 out of 119 possible votes. Kim will serve as ISU president until 2026. He earlier p
Technology June 10, 2022
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Police decline to refer Samsung chief to prosecution for alleged employment violation
Samsung Electronics Vice Chairman Lee Jae-yong has steered clear of a legal risk involving his alleged violation of a restriction on his employment that is effective until 2026. The Seoul Metropolitan Police decided not to refer the case involving the 53-year-old de facto leader of the South Korea-based tech giant to the prosecution, considering he was not paid for his casual work as an unregistered director, according to activist groups on Friday. Seven civil activist groups, including the C
Technology June 10, 2022
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LG Uplus to launch AI voicebot, recommendation tools
South Korean telecommunications carrier LG Uplus is poised to discover more commercial use cases of artificial intelligence, as it looks to launch a voicebot for mom-and-pop stores and a personalized recommendation system for its TV viewers and online shoppers, its data head told a news conference on Thursday. LG Uplus aims to launch a new conversational voicebot service that understands the natural speech of human customers and interacts with them by as early as August this year. This differe
Technology June 9, 2022
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KT vows to spend W27tr on network, AI, cloud over 5 years
South Korean telecommunications giant KT said Thursday it plans to spend a combined 27 trillion won ($21.5 billion) in the field of network infrastructure, artificial intelligence and cloud computing over the next five years until 2026. KT, Korea‘s largest telecommunications firm by revenue as of 2021, also pledged to hire 28,000 employees during the same period. The 12 trillion won package will be used for AI, cloud computing and media contents. KT will hone AI-powered products such a
Technology June 9, 2022
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SKC to sell PET film biz to Hahn & Co. for W1.6tr
South Korean chemicals-to-materials firm SKC has inked a deal to sell its polyester film business to Seoul-based private equity firm Hahn & Co. for 1.6 trillion won ($1.27 billion) following a split-off, according to the firm’s regulatory filing Wednesday. The deal, involving operations in Korea, China and the United States and film processing unit SKC Hi-Tech & Marketing, is anticipated to reach closure before the end of this year, the filing said. All polyethylene film-related
Industry June 8, 2022
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LG Chem rises to world’s No. 3 chemical brand
Petrochemicals-to-battery materials company LG Chem has become the third most valuable chemical brand in the world, up a notch from a year earlier, data showed Wednesday. LG Chem’s brand value, estimated at $4.3 billion, followed that of Germany-based BASF and Saudi Arabia-based Sabic, according to London-headquartered consulting firm Brand Finance. LG Chem’s brand valuation rose over 19 percent compared to the estimate of the previous year. This is the highest point LG Chem has
Technology June 8, 2022
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Samsung’s Lee Jae-yong poised for 2-week trip to Europe
Samsung Electronics Vice Chairman Lee Jae-yong is poised to embark on a two-week trip to Europe on Tuesday, highlighting the South Korean chip-to-consumer electronics giant’s need for a breakthrough. Also under the spotlight is whether the largest conglomerate in Korea would be looking to secure a new growth driver in Europe, coupled with Samsung‘s fresh investment pledge announced earlier in May. The Seoul Central District Court on Thursday approved Lee’s absence from the t
Technology June 6, 2022
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AI uses digital waste for upcycled clothing design
Tilda, a virtual artist powered by the artificial intelligence engine of South Korean conglomerate LG, has showcased 30 upcycled clothing designs on World Environment Day that fell on Sunday, according to the company Monday. The collection on the metaverse comprising 13 jackets, 14 trousers and three hats, dubbed the “Digital Upcycling Project,” was designed to highlight using digital waste to reduce carbon footprint. In its first solo fashion collection, Tilda combined digital w
Technology June 6, 2022
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Samsung, Naver team up for Korea’s first private 5G network
Samsung Electronics said Thursday it is teaming up with internet giant Naver to set up the nation’s first-ever private 5G network. The private wireless 5G network, designed to support secure and data-intensive communications of a specific entity within a specific area, will be deployed in Naver’s second headquarters building, called Naver 1784, in the tech hub Bundang district of Seongnam, Gyeonggi Province. The private network, alongside automated logistics technology by Hyundai
Technology June 2, 2022
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[Market Eye] Qualcomm reignites Arm consortium talks, SK hynix alliance
The latest open remarks by US tech giant Qualcomm’s CEO Cristiano Amon has reignited speculation that the firm would purchase a stake in SoftBank-backed chip designer Arm through a consortium with global chipmaking rivals including South Korean firm SK hynix. This highlights the growing cash pile-up of South Korea-based memory chip designer and manufacturer SK hynix, coupled with its parent SK Group’s 142.2 trillion won ($114.6 billion) spending pledge in semiconductors over the nex
Technology June 1, 2022
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Samsung, Intel chiefs meet in Seoul for chip collaboration
Samsung Electronics Vice Chairman and de facto leader Lee Jae-yong met Intel CEO Pat Gelsinger, the company said Monday, raising expectations over a possible collaboration amid an intensifying race for next-generation chip technology. The heads of the world’s No. 1 and No. 2 companies in the chip industry by revenue held a meeting during Gelsinger‘s visit to Seoul. He flew to Korea after attending the 2022 World Economic Forum in Davos, Switzerland. Samsung’s $82.3 billion rev
Technology May 30, 2022
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