Sapeon, an artificial intelligence-powered chip designer backed by South Korea's SK Group, unveiled Tuesday a test result that its first commercialized product X220 has outperformed US graphic processor giant Nvidia's newest product A2. The chips for data centers in two varieties, X220-Compact and X220-Enterprise, were both superior to Nvidia's A2 in terms of AI processing speed and power consumption, according to a benchmark test result in MLPerf's inference. The large-scale AI cloud service pe

Richard Yonck, founder of Intelligent Future Consulting, says S. Korea will play major role in shaping future

Samsung Electronics is projected to see a 19 percent drop in quarterly sales during the July-September period, which will drop the tech giant to the second place in the world's semiconductor market by sales following Taiwan-based foundry company TSMC's swift rise to the top, data showed Monday. The third-quarter revenue of Samsung's chip business -- which oversees memory products, foundry services and non-memory products like mobile processors -- is forecast to amount to $18.29 billion, down 19

Lee Jae-yong seen accelerating moves to complete succession process

China’s largest TV maker mimics success story of Samsung, LG

HLB’s precision cancer drug Rivoceranib has demonstrated the world’s longest median overall survival, or mOS, in phase 3 clinical trials of liver cancer, the South Korean biopharmaceutical company said Thursday. According to HLB, Rivoceranib’s mOS recorded 22.1 months to mark the first drug in the world to break the 20-month barrier against liver cancer. The company earlier released the abstract of phase 3 concomitant clinical trials of Rivoceranib and anticancer drug Camreli

SK Bioscience has completed the application for an emergency use listing of SKYCovione -- South Korea’s first homemade COVID-19 vaccine -- with the World Health Organization, the local vaccine developer said Thursday. The WHO’s emergency use listing is the global health body’s procedure for reviewing vaccines, therapeutics and in vitro diagnosis with the goal of expediting the availability of such products to people in case of a public health emergency. As the WHO’s asse

John L. Perez, senior vice president at AstraZeneca, says immunocompromised people continue to fill up hospitals

PYEONGTAEK, Gyeonggi Province -- South Korean tech giant Samsung Electronics is ready to meet the needs of the world's most ambitious chip designers technology-wise in the world's largest single chip fabrication plant. The multi-story factory, which went operational in July, used enough steel bars to build 29 Eiffel Towers to complete the construction on a plot of land about 25 times the size of a soccer field. The gargantuan facility, dubbed P3, is the first chip fab to have introduce

The James Dyson Foundation, global home appliance company Dyson's charity arm, announced Wednesday the local recipients of the James Dyson Awards 2022, an engineering competition held both locally and internationally to provide opportunities for young engineers to showcase their ideas on a global stage. Of the 125 entries, a team of students from Hongik University took first place for designing a rotating safety hook. When temporary scaffolding is raised at construction sites, there are poi

South Korean memory chip giant SK hynix announced on Tuesday plans to build a new memory chip fab in Cheongju, North Chungcheong Province by early 2025 and spend 15 trillion won ($10.9 billion) in the next five years on the new site. The new two-story fab on 60,000 square meters of land, called M15X, will start construction in October. The new plant will be an expansion of the existing M15 line built in 2018. SK hynix said the memory product manufactured by the new fab has yet to be determined

Four family members of South Korea's largest conglomerate, including Samsung Electronics Vice Chairman Lee Jae-yong, have received a combined 235.46 billion won ($171.4 million) in dividends from Samsung Electronics in the first half, data showed Tuesday. Among them, Hong Ra-hee, Samsung Electronics' de facto leader Lee's mother and wife of the late ex-Samsung Chairman Lee Kun-hee, fetched 84.82 billion won in dividend income, outsizing Lee's 70.43 billion won and that of his

South Korean enterprise software developer Tmax Group on Tuesday unveiled plans to launch a tool through which enterprise clients can build business apps tailored to their own needs without writing code. SuperApp Studio, an app-building tool that Tmax believes can become a Korean equivalent to Microsoft's Power App or Amazon's HoneyCode, will be designed to allow people without knowledge of programming languages to skirt technology barriers in the app development process without hiring

A committee of experts said Tuesday that the algorithm of Kakao Mobility’s taxi-hailing application -- Kakao T -- does not favor its affiliated cabs known as Kakao T Blue in the process of matching passengers with taxi drivers. The experts’ analysis came amid the Fair Trade Commission’s ongoing case against Kakao Mobility over allegations that the ride-calling app operator intentionally assigned passengers to its affiliated cabs first. Denying the allegations, the company dis

Kakao Entertainment -- a content subsidiary of South Korean IT giant Kakao -- has launched Tapas Entertainment to accelerate the expansion of its content businesses in North America, the company said Monday. Tapas Entertainment was established after a merger between Tapas Media, the first webtoon platform in North America, and Radish Media, a leading US web novel company, was completed on Aug. 5, according to Kakao Entertainment. Kakao Entertainment acquired the two companies in May last year