Doosan Enerbility Co. said Wednesday it has shipped a gas turbine to Space XAI for the U.S.-based artificial intelligence (AI) company's energy infrastructure project. The South Korean power plant builder said the DGT6-300H gas turbine was manufactured at its facility in the southeastern city of Changwon, marking the company's first gas turbine shipment to the

SEOUL, Sept. 29 (Yonhap) -- Samsung Electronics Co. said Tuesday that the number of customers for its foundry business could grow roughly fourfold by 2029 compared to 2017. "The number of customers has increased about threefold from when the foundry business was first established as an independent unit in 2017," Noh Mi-jung, a senior vice

SEOUL, Sept. 20 (Yonhap) -- The global semiconductor market is projected to exceed US$1.6 trillion in 2026, more than 1.5 times the forecast made earlier this year, on increased investment in artificial intelligence (AI) infrastructure, a report showed Sunday. The outlook comes amid calls in some parts of the AI industry to slow development over

SEOUL, Sept. 14 (Yonhap) -- President Lee Jae Myung and the chief of the Asian Development Bank (ADB) agreed Monday to enhance cooperation on critical minerals and artificial intelligence (AI), the presidential office said. Lee and ADB President Masato Kanda also discussed ways to deepen ties in energy, including nuclear power, during their talks at

SEOUL, Sept. 7 (Yonhap) -- South Korea's drug ministry said Monday it has held the first meeting of a newly created platform connecting the heads of global regulatory agencies for cosmetics. The first meeting of the Global Cosmetic Regulatory Authority Summit, or GCORAS, kicked off in central Seoul for its three-day run until Wednesday, the

By Choi Kyong-ae SEOUL, Sept. 1 (Yonhap) -- South Korea's exports surged 68.7 percent in August from a year earlier, buoyed by strong semiconductor shipments, data showed Tuesday. Outbound shipments came to US$98.25 billion in August, according to the Ministry of Trade, Industry and Resources. Imports climbed 22.6 percent on-year to $63.51 billion, resulting in a

By Choi Kyong-ae SEOUL, Aug. 19 (Yonhap) -- LG Energy Solution Ltd. (LGES), South Korea's leading battery maker, said Wednesday it has started operations at its seventh battery plant in North America to meet growing demand for energy storage batteries. LG Energy Solution Michigan-Lansing will manufacture batteries for both energy storage systems (ESSs) and electric vehicles

By Kim Eun-jung SEOUL, Aug. 14 (Yonhap) -- Doosan Enerbility Co., a major South Korean plant builder, said Friday it has secured a contract from U.S. nuclear energy firm TerraPower to manufacture key equipment for its small modular reactor (SMR) project currently under construction in the United States. The energy solutions provider under Doosan Group

By Kim Han-joo SEOUL, Aug. 7 (Yonhap) -- SK hynix Inc. said Friday it will invest a combined 54.3 trillion won (US$38.3 billion) to build new semiconductor fabrication plants in response to rapidly growing demand for artificial intelligence (AI) memory chips. The investment plan, approved at a board meeting, includes 35.2 trillion won for the

By Kim Han-joo SEOUL, July 30 (Yonhap) -- Samsung Electronics Co. said Thursday its second-quarter net profit jumped nearly 1,300 percent from a year earlier, as strong demand for semiconductors related to artificial intelligence (AI) offset weaker earnings in its mobile business. Net profit for the April-June period came to 71.62 trillion won (US$49.6 billion),