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News
HD Hyundai, TerraPower to Expand Natrium Reactor Supply Chain
1+ day, 23+ hour ago (241+ words) HD Hyundai Chairman Kisun Chung discussed ways to cooperate on the commercialization of land-based reactors with Bill Gates, founder and chairman of TerraPower. HD Hyundai plans to establish a production system capable of supplying two to three reactor vessels a…...
Lam Research Robo Challenge Holds Finals for High School Students
1+ day, 23+ hour ago (192+ words) Lam Research Korea held the finals of the Lam Research Robo Challenge, the company said August 14. The official company name is Lam Research, and its Korean operation is Lam Research Korea. The finals were held August 13 at the International Conference…...
CMTX Posts Record Quarterly Operating Profit of 15.6 Billion Won
1+ day, 23+ hour ago (224+ words) thelec.net CMTX posted its highest quarterly results since its founding in the second quarter, with sales of components used in semiconductor etching processes continuing to drive revenue growth for an 11th consecutive quarter. CMTX said August 14 that it recorded revenue…...
OPTRONTEC Second-Quarter Operating Profit Rises 260%
1+ day, 23+ hour ago (321+ words) OPTRONTEC Inc. reported second-quarter revenue of 60.7 billion won and operating profit of 2.6 billion won, the company said August 14. Revenue increased 36.2% from a year earlier, while operating profit rose 260.4%. Operating margin improved to 4.4% from 1.6%. OPTRONTEC's official English name is OPTRONTEC Inc....
SIMMTECH Profit Surges After Capacity Utilization Clears Break-Even
1+ day, 23+ hour ago (209+ words) SIMMTECH’s factory utilization rate moved above its break-even point, driving a sharp increase in profitability. SIMMTECH is the company’s official English name. According to filings with the Financial Supervisory Service’s electronic disclosure system on August 14, SIMMTECH posted an average utilization…...
Applied Materials Posts Record Sales as AI Demand Drives 34% Operating Margin
1+ day, 23+ hour ago (449+ words) Applied Materials reported fiscal third-quarter results for the three months through July on August 13. Generally accepted accounting principles (GAAP) revenue rose 25% from a year earlier to $9.115 billion, the highest quarterly level in the company's history. Revenue increased 15% from the previous…...
Avaco Completes AMR Smart Logistics System Demonstration
2+ day, 2+ hour ago (210+ words) thelec.net Avaco said August 14 that it participated in a battery-sector project under the Ministry of Trade, Industry and Energy’s Industrial AI Solution Demonstration and Diffusion Support Program, led by the Korea Institute of Industrial Technology (KITECH), completing development and…...
Hanssak Signs Integrated Security Solution Distribution Deal With SM Peoples
2+ day, 3+ hour ago (259+ words) Hanssak has signed an exclusive domestic distribution agreement for its integrated security solutions with SM Peoples. The company plans to expand its distribution network across industries, including public services, finance, manufacturing, and education, while strengthening its customer base in the…...
GraphAI Secures 17 Billion Won in Series A Funding to Expand AI-Native Multi-Model Database
2+ day, 3+ hour ago (287+ words) thelec.net Enterprise AI data infrastructure company GraphAI announced on Aug. 13 that it secured 17 billion won in a Series A funding round, bringing its cumulative funding to 20.6 billion won. The funding round was led by K2 Investment Partners, with new investors…...
Hanwha Aerospace to Develop Ballistic Correction Fuze for K9
2+ day, 2+ hour ago (228+ words) Hanwha Aerospace will develop a ballistic correction fuze designed to improve the accuracy of the K9 self-propelled howitzer by about sixfold. Hanwha Aerospace said August 14 that it was selected as the preferred bidder for the “Ballistic Correction Fuze System Development Project…...