LG Innotek delivered a stellar performance in the second quarter of 2024, with revenue hitting a quarterly record and operating profit soaring by 726.2% year-on-year. Analysts credit the enduring popularity of Apple’s iPhone 15 series for the company’s exceptional results, defying the typical seasonal slowdown.
Apple is expanding its manufacturing footprint in India. The company reportedly plans to produce the high-end iPhone 16 Pro and Pro Max models in the country. Apple also aims to increase its market share in India through price reductions and local production.
Micron Technology has announced the release of the Micron 9550 NVMe SSD, which the company claims is the world’s fastest data center SSD and an industry leader in AI workload performance and power efficiency.
LG Display (LGD) is set to start mass production of its third-generation tandem OLED for automotive applications in 2026, aiming to enhance display brightness and durability.
In a pioneering move, Seoul’s bustling Myeongdong has become home to South Korea’s first cryptocurrency ATMs equipped with Know Your Customer (KYC) verification. These cutting-edge ATMs, exclusively accessible to foreign nationals, facilitate direct cash withdrawals, albeit with certain limitations.
Chinese tech company Xiaomi Corp. has purchased a plot of land in Beijing for RMB 842 million (US$116 million) to expand electric car production following the early success of its debut sedan.
Apple Inc.’s upcoming artificial intelligence features will arrive later than anticipated, missing the initial launch of its upcoming iPhone and iPad software overhauls but giving the company more time to fix bugs.