Seoul, Feb 14 (IANS) Exports by South Korea’s 10 largest companies accounted for nearly 40 per cent of all outbound shipments last year, reaching a record high, largely driven by strong semiconductor sales, government data showed on Saturday.In 2025, outbound shipments by the top 10 exporters accounted for 39 per cent of the country’s total exports, up 2.4 percentage points from a year earlier, according to the data by the Ministry of Data and Statistics, reports Yonhap news agency.”The concentr…
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Seoul, Feb 11 (IANS) South Korea will begin a 1 trillion-won ($687.8 million) project next month to develop artificial intelligence (AI) semiconductors for on-device use, the industry ministry said on Wednesday.The government and private companies will funnel a combined 1 trillion won into the project over the next five years, with a goal of creating some 10 AI chips that can be used in self-driving cars, smart home appliance products, humanoid robots and others, according to the Ministry of Tra…
Seoul, Feb 10 (IANS) Exports of large companies in South Korea rose approximately 10 per cent on-year in the fourth quarter, boosted by a rise in global semiconductor demand, government data showed on Tuesday.Outbound shipments from the top 917 of the country’s 70,223 exporting firms came to US$128.1 billion as of end-December, up 10.1 percent from a year ago, according to the data compiled by the Ministry of Data and Statistics, reports Yonhap news agency.The growth was primarily led by semicon…
Seoul, Jan 25 (IANS) Lee Jae-yong, chairman of Samsung Electronics Co, has urged the company’s executives not to become complacent despite a sharp rebound in earnings, stressing that the company faces a “last chance” to restore its competitiveness, industry sources said on Sunday.Lee delivered the message during a recent seminar for Samsung Group executives, following the company’s announcement of a record operating profit of 20 trillion won (US$13.8 billion) for the fourth quarter amid a semico…
Seoul, Jan 14 (IANS) Amid a recent supercycle in the chip industry led by an artificial intelligence (AI) boom, South Korean chipmakers are becoming vulnerable to non-practicing entities (NPEs) as Washington moves to strengthen patent protection, industry watchers said on Wednesday.NPEs, commonly known as “patent trolls,” generate profits by licensing or enforcing patents rather than producing goods, reports Yonhap news agency.Such concerns have emerged as Samsung Electronics Co. and SK hynix In…
Seoul, Jan 9 (IANS) Hyundai Motor Group said on Friday it has started mass production of an on-device artificial intelligence (AI) chip that enables robots to operate autonomously without external network connectivity.The announcement of the chip, named Edge Brain, was made at CES 2026 in Las Vegas on Thursday (local time), where the group showcased the results of a three-year strategic partnership between Hyundai’s Robotics Lab and DeepX, a South Korea-based AI chip firm, reports Yonhap news ag…
Las Vegas, Jan 7 (IANS) Samsung Display said on Wednesday it has developed a new technology with US-based Intel that significantly reduces the power consumption of organic light-emitting diode (OLED) displays, enabling longer battery life for laptops.The wholly owned subsidiary of Samsung Electronics Co. said the SmartPower HDR technology allows laptop users to enable high dynamic range (HDR) mode, which can reduce power consumption by up to 22 percent compared with previous OLED displays.The HD…