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Friday, September 20, 2024

BUSINESS

SM Entertainment founder Lee Soo-man invests $5.2 million in AI startup Mindlogic

SM Entertainment founder Lee Soo-man invested 7 billion won ($5.23 million) in the Korean AI startup Mindlogic during its Series B funding round, continuing...

SK hynix to break ground on mega chip cluster next March

SK hynix will break ground on its first chip fabrication plant in Yongin, Gyeonggi in March 2025 with hopes of completing construction by the...

SK hynix to break ground on mega chip cluster next March

SK hynix will break ground on its first chip fabrication plant in Yongin, Gyeonggi in March 2025 with hopes of completing construction by the...

Korean Air to purchase 33 aircraft from Airbus for $13.7 billion

  Korean Air will purchase 33 aircraft from Airbus for $13.7 billion, the carrier said Thursday. The deal involves 27 units of Airbus A350-1000s and six...

Samsung SDI to build own EV battery factory in North America

Samsung SDI is considering building an independent EV battery factory in North America to ramp up production capacity and compete with rivals. “We will prepare...

Samsung to create new type of semiconductor for humanlike AI

  Samsung Electronics will "create an entirely new type of semiconductor" through its two recently established labs dedicated to artificial general intelligence (AGI), according to...

OpenAI to ‘hopefully’ partner with Samsung and SK, CEO Sam Altman says

OpenAI CEO Sam Altman views Korea's Samsung Electronics and SK hynix as important partners in his efforts to solidify his own AI chip ecosystem...

Seoul Metro expands AI translation services

Seoul Metro will expand the number of stations that offer AI-powered translation services to 11, now including Myeong-dong Station, Hongik Univ. Station and Gimpo...

Samsung denies report it plans to apply MR-MUF for HBM chips

Samsung Electronics, the world's No. 1 memory chipmaker, on Wednesday denied a recent news report that it is planning to use technology that its...

Samsung, SK hynix stop selling used chipmaking equipment to China

Samsung Electronics and SK hynix, the world’s two largest memory chipmakers, have stopped selling used fabrication equipment to Chinese entities, the Financial Times reported...