Once reliant on Samsung and SK Hynix, Chinese smartphone makers are turning to CXMT

South China Morning Post - Sep 17, 2026

China’s leading memory chipmaker ChangXin Memory Technologies (CXMT) is gaining ground among local smartphone vendors, with some of its high-end chips finding their way into flagship Chinese handsets as vendors push into the premium market. ZTE-backed Nubia’s NaviX Ultra that went on sale on Wednesday used LPDDR5X DRAM chips from CXMT, the companies announced earlier this month. The handset was dubbed the Nubia Doubao phone due to its integration of TikTok parent ByteDance’s Doubao artificial...

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Huawei Technologies said on Thursday that it would launch its next-generation artificial intelligence chip in the first quarter of 2027, moving the target launch forward by nine months as the firm aggressively expands its ecosystem amid China’s self-sufficiency push. David Wang Tao, rotating and acting chairman for Huawei, said on Thursday that the Ascend 960DT chip, an AI chip designed for model training, “with performance doubling”, would be “ready in the first quarter of 2027”, three quarters...

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Huawei unveils latest tech to boost AI power in push to break China’s Nvidia reliance

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Sep 16, 2026

POSCO workers stage 2nd partial strike over wage demands

Unionized workers at South Korean steelmaker POSCO began a second partial strike Wednesday after failing to narrow differences with management in wage negotiations. The 120-hour walkout began at 7 a.m. at POSCO's steel plants in Pohang and Gwangyang in southern South Korea, the union said. "We will call off the strike before the end of the five-day walkout if the company comes up with an acceptable proposal," union spokesperson Yi Jae-hyuk said by phone. POSCO has about 17,000 employees, including around 10,100 union members. The strike follows a 48-hour walkout that began at 7 a.m. last Wednesday and involved 120 workers, marking the first strike by POSCO workers since the company was founded in 1968. The union said the second strike would cause inevitable disruptions as about twice as many workers are participating compared with the first strike. POSCO said, however, that there would be no major disruption to plant operations, with about 60 workers each from its Pohang and Gwangyang plants expected to join the strike. The union has demanded a 7.1 percent increase in base pay, a performanc

Sep 16, 2026

SK hynix unions agree to receive half of bonuses in cash, half in shares

SK hynix’s production workers’ unions on Wednesday approved a revised tentative agreement reached between their representatives and management, under which employees will receive half of their performance bonuses in cash and the other half in company shares, concluding this year’s wage and collective bargaining negotiations without a labor dispute. According to SK hynix, the two production workers’ unions at the company approved the tentative agreement with a 57.08 percent vote in support. More than 15,000 of the unions’ 16,000 eligible members took part in the vote. The two unions respectively represent production workers at the company’s Icheon plant in Gyeonggi Province and Cheongju plant in North Chungcheong Province. A key feature of the agreement is that half of the performance bonuses, known as excess profit-sharing, will be paid in cash, while the other half will be paid in the form of treasury shares. The revised agreement replaces an earlier tentative deal that called for 60 percent of the bonuses to be paid in treasury shares and the remainder in cash, which the t

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[PHOTO] S-Oil shares 'songpyeon' with families in need

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Korean cybersecurity firm Ahnlab said Wednesday it plans to invest 100 billion won ($73.14 million) over the next three years in an effort to restructure its business around subscription-based services. Such plans were announced at a press conference in Seoul as it vowed to transform the company into an "artificial intelligence native" cybersecurity firm. According to the company, the investments will focus on building artificial intelligence (AI) infrastructure, as well as improving its research and development capabilities and attracting AI-related talent. Building on this, the company also plans to triple its sales from 300 billion won this year to 1 trillion won by 2035, Ahnlab's Chief Executive Officer (CEO) Kang Suk-kyoon explained. "We need to grow by an average of 15 percent every year to attain that goal, but given our growth trend, we think such a goal is achievable," he said, noting the company could consider carrying out merger and acquisition deals or new investments to scale up. Ahnlab also plans to expand its overseas sales to 30 percent by 2035 from the current 10 percent

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LG, Hyundai distance themselves from workers' legal actions over Georgia raid

LG Energy Solution and Hyundai Motor Group are distancing themselves from the legal actions of workers against the U.S. government over their detention during last year’s immigration raid at the companies’ joint battery plant in Georgia. An LG Energy Solution official told The Korea Times Wednesday that the company was not aware that employees were taking legal action until media reports emerged Tuesday night. The official added that the company would not get involved because the legal actions were based on individual decisions by the workers, and the company is not tracking who is joining the campaign. An official at Hyundai Motor Group also said none of the company’s employees were among those detained at the time, adding that it is not involved in legal action taken individually by workers from partner companies or those dispatched to the site. A day earlier, CNN reported that more than 300 Korean workers detained during the raid started filing administrative claims with nine federal agencies, including the Department of Homeland Security, Immigration and Customs Enforcement (I

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The industry ministry's planned briefing to the National Assembly this week on Korea's investment project in the United States has been delayed for undisclosed reasons, sources said Wednesday. According to the sources, the Ministry of Trade, Industry and Resources originally planned to hold a closed-door parliamentary briefing Thursday on Korea's first investment project in the U.S. under a bilateral agreement reached last year. In October, Korea and the U.S. reached an agreement on Seoul's $350 billion investment pledge made in return for lower U.S. tariffs. The investment will comprise $150 billion for shipbuilding cooperation and $200 billion for projects in various strategic sectors. The industry ministry, however, asked the parliament's trade and finance committees to postpone the scheduled briefing without providing details on the reasons. Observers said the delay apparently came as Seoul and Washington failed to reach an agreement during the final stages of negotiations. "Negotiations with the U.S. are currently under way," an official from the industry ministry said. The delay is e

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Woori Bank’s specialized prepaid card for foreign visitors, dubbed the “NOL World Card,” reached the 10,000-issuance mark within just three months of its market debut, the bank said Wednesday. The card, jointly introduced by the bank, travel platform operator NOL Universe and fintech company Kona I, aims to make local financial transactions and daily shopping more convenient for international travelers amid the surge in inbound tourism and the corresponding need for easy-to-use local payment options. Data from the Ministry of Culture, Sports and Tourism show that foreign arrivals reached 10.71 million in the first half of this year, representing a 23.1 percent year-on-year increase. However, short-term visitors have long struggled with local financial barriers, as opening bank accounts or securing domestic credit and debit cards can be difficult, often leaving them reliant on cash exchanges or international payment methods. Designed to address these issues, the NOL World Card can be collected immediately upon landing at Woori Bank exchange counters at Incheon International Airport

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SK Telecom, F5 sign partnership on AI cloud security

SK Telecom said it signed a partnership with global security company F5 to expand cooperation on artificial intelligence (AI) cloud security, aimed at strengthening the carrier's ability to defend against web and API attacks as well as distributed denial-of-service (DDoS) and bot attacks. Under the deal, SK Telecom will act as both a value-added reseller, which resells F5 products with added services or technology, and a managed service provider, which uses F5 products to deliver managed IT services to customers — making it F5's first domestic managed service partner for its software-as-a-service security platform. F5, headquartered in Seattle, is a global leader in multicloud application and API security, providing solutions to more than 90 percent of Fortune 500 companies. Its software-as-a-service-based security platform, F5 Distributed Cloud, helps companies protect applications and APIs across multicloud environments as part of their digital transformation. SK Telecom said the partnership responds to the rapidly growing AI market and tightening security regulations. The market fo

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KHNP wins EPRI Technology Transfer Award for wind power technology

Korea Hydro & Nuclear Power (KHNP) has won the Technology Transfer Award (TTA) from the Electric Power Research Institute (EPRI), a U.S.-based nonprofit power research consortium, for its technological achievements in the wind power sector. The award recognizes the results of a wind power performance improvement project jointly conducted by KHNP and EPRI. As part of the project, KHNP developed an advanced engineering technology that uses machine learning to detect abnormal turbine behavior, identify the causes of performance degradation and develop measures to improve efficiency. KHNP applied the technology to wind farms operating in the United States, using it to identify underperforming turbines, analyze the causes of their performance declines and develop plans to improve efficiency. KHNP plans to integrate the software developed through the project into its operations and further develop it as an in-house technology. The move is expected to reduce the company's reliance on external engineering services and maintenance costs while improving the performance and efficiency of its overse

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SC Bank Korea offers up to 4% premium on Hi Account in new customer push

Standard Chartered (SC) Bank Korea is offering first-time customers an interest rate premium of up to 4 percent on its Hi Account, as part of a promotional campaign running through the end of the year, the lender said Wednesday. The product is available for sign-up through Dec. 31, while the special rate offer — 3.4 percentage points regardless of balance — will remain in effect through Jan. 31, 2027, meaning those who join earlier will benefit from the higher rate for a longer period. The offer is open to customers who have been newly registered with SC Bank Korea for 31 days or less, as well as existing customers who have not held won- or foreign-currency demand deposit, savings or installment savings accounts with the bank during the previous year. The Hi Account has a base rate of 0.1 percent a year. Outside the promotional offer, customers can also qualify for additional rate incentives, including 0.1 percentage point for opening the account through a partner channel, 0.2 percentage points for consenting to marketing communications and 0.2 percentage points for Priority Banking

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Korea cannot afford to slow down AI development: science minister

Korea "cannot afford" to slow down its artificial intelligence (AI) progress, the country's science minister said Wednesday, but noted the emphasis should be put on responsible development rather than the speed of advancement itself. "It is an entirely different matter for a country already ahead to adjust its pace, than for a nation that is catching up while simultaneously having to create new markets to slow down," Science Minister Bae Kyung-hoon wrote in a social media post. "We cannot afford to slow down the pace of AI development," he stressed. The minister said the gap between countries that have secured AI frontier models approaching the level of human intelligence and those who have not could eventually extend beyond merely a technological gap and into other areas, such as the country's industrial competitiveness, national security and even its future growth. But Bae expressed a cautionary approach to unconditional acceleration, stressing efforts to ensure safety and trust should also come in tandem with the pace of technological development. The science minister's comments come a

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[COVER STORY] Hoban's insatiable appetite: Group founder targets Korean Air

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Once reliant on Samsung and SK Hynix, Chinese smartphone makers are turning to CXMT

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