Samsung Electronics Vice Chairman and co-CEO Han Jong-hee said its home appliance division, backed by enhanced connectivity with mobile devices, will enjoy its heyday in the second half of this year, showing confidence in the competition with its powerful rival Apple. “We may not yet be the No. 1 player in the home appliance sector. But if we can offer more enhanced connectivity, based on our le...

Samsung Electronics, the world's largest memory chipmaker, said Wednesday it has developed the industry's first low-power double data rate 5X (LPDDR5X) DRAM chips, a memory solution tailored for AI applications. The new chip supports the industry's highest performance of up to 10.7 gigabits-per-second (Gbps), improving performance by more than 25 percent and capacity by more than 30 percent comp...

World IT Show 2024, the largest information and communications technology exhibition in South Korea, kicked off Wednesday in Seoul to showcase cutting-edge technologies of local and global companies, its organizer said. The three-day event is themed on "Innovation in everyday life, created by artificial intelligence (AI)," with 446 companies and institutions from 10 countries, including South Ko...

Dosi platform attracts more than 5.5 million beta users before its official debut in January

South Korea’s total market cap increased by nearly 100 trillion won ($72 billion) during the first quarter of this year, backed by jumps in stock prices in key industries, including semiconductors, data showed Tuesday. According to a report from local corporate tracker Korea CXO Institute, the combined market cap of 2,692 local firms jumped 96 trillion won during the January-March period to reac...

SK Group, South Korea's chip-to-battery conglomerate, emerged as the second-most-valuable conglomerate after Samsung Group in the Korean stock markets at the end of March, a corporate data firm said Tuesday. SK Group's emergence was helped by a sharp increase in the value of its chip-making affiliate, SK hynix, on the Korea Exchange (KRX) in the first three months of this year, according to a re...

Samsung Electronics is set to accelerate the expansion of its global semiconductor supply chain in the era of artificial intelligence (AI), following a subsidy of $6.4 billion from the US government and its extended investment plan. Under the Biden Administration's announcement, the South Korean chipmaker was to receive up to $6.4 billion in grants under the 2022 CHIPS and Science Act, aimed at ...

The US government announced Monday that it will award up to $6.4 billion to Samsung Electronics for its chip fabrication facilities in Taylor, Texas. "The return of leading-edge chip manufacturing to America is a major new chapter in our semiconductor industry," said White House National Economic Adviser Lael Brainard in a press briefing. US Secretary of Commerce Gina Raimondo also revealed tha...

LG Electronics is targeting the European built-in appliance market with premium design and AI features at its 483-square-meter booth, decorated under the concept of a food lifestyle magazine. According to the company, the booth consists of three different areas. The main kitchen zone displays the brand philosophy of the Signature Kitchen Suite, the subkitchen zone delivers LG’s view of nature an...

LG Uplus CEO Hwang Hyeon-sik traveled to Silicon Valley and hosted a special event to lure young talents in the field of artificial intelligence, the telecom carrier said Monday. Hwang hosted the “2024 LG Uplus AI Visionaries Summit" at the Four Seasons Hotel Silicon Valley in San Francisco on Saturday. Invited were some 10 doctoral candidates and master's students in key AI fields such as natur...

By Jo He-rim ( herim@heraldcorp.com ) The Korea Herald

Kakao said Friday it has joined a global consortium that promotes open-source artificial intelligence (AI) research and development, becoming the first South Korean corporate member of the initiative. Kakao said it is the first South Korean firm to join the AI Alliance led by global tech giants IBM and Meta, as part of efforts to help create a local AI ecosystem that meets global standards. The...

Kakao Healthcare, the digital health care unit under platform giant Kakao, announced Thursday that the company would boost its collaboration with Google to improve its cloud-based data platform. The announcement came after Kakao Healthcare CEO Hwang Hee shared the company's recent progress with Healthcare Data Research Suite (HRS), the company’s cloud-based data platform service, during Google's...

By Jie Ye-eun ( yeeun@heraldcorp.com ) The Korea Herald

Joint lab aims to nurture software ecosystem based on Intel’s chips