Economy
Business·Industry
[Breaking News] SAMSUNG SDI CO.,LTD. Reports 203.8 Billion Won in Second-Quarter Operating Profit… Returns to Profitability Compared to the Previous Year
SAMSUNG SDI CO.,LTD. announced on the 30th that its consolidated operating profit for the second quarter of this year was 203.8 billion won, marking a return to profitability compared to both the prev…
Business·Industry
SamsungElectroMechanics' Second-Quarter Operating Profit 'Doubles' Year-Over-Year… "Long-Term MLCC Contracts Signed with 10 Companies" (SANG BO Co.,Ltd.)
SamsungElectroMechanics posted earnings that exceeded market expectations, driven by rising demand for artificial intelligence (AI) servers and multilayer ceramic capacitors (MLCCs).
SamsungElectro…
Business·Industry
[Breaking News] SamsungElectroMechanics Reports 440.4 Billion Won in Second-Quarter Operating Profit… Up 106.7% Year-Over-Year
SamsungElectroMechanics announced on the 30th that its consolidated operating profit for the second quarter of this year reached 440.4 billion won, a 106.7% increase compared to the same period last y…
Business·Industry
“Long-Cycle Sodium Battery Technology for ESS Verified… Discussions on Commercialization Underway”—LG Energy Solution Conference Call
“Sodium-ion batteries, which are well-suited for the long-duration energy storage system (ESS) market, have completed technical validation with our clients on a scale of hundreds of megawatt-hours (MW…
Business·Industry
“Chinese ESS Companies Face Limited Expansion in U.S. Market… Strengthening Local Production and SI Capabilities”—LG Energy Solution Conference Call
“Due to U.S. regulations regarding Foreign Entities of Concern (FEOC), it is difficult for Chinese companies to secure benefits such as the Advanced Manufacturing Production Credit (AMPC) or the Inves…
Business·Industry
“AI Data Center Power Grid Bottleneck… Discussions with Big Tech on BTM Business”—LG Energy Solution Conference Call
“As investment in AI data centers expands, reliance on aging transmission and distribution networks and delays in grid connections are emerging as major risks. Options currently under discussion inclu…
Business·Industry
“Q3 Revenue Grows Over 20%… ESS to Achieve Self-Sustaining Profitability in Q4”—LG Energy Solution Conference Call
“Third-quarter revenue is expected to grow by more than 20% compared to the previous quarter, driven by expanded ESS production in North America and increased shipments of cylindrical and pouch batter…
Business·Industry
“Ultium Cells Plant 1 to Resume Operations in Q3… Production to Expand in Q4”—LG Energy Solution Conference Call
“Although we suspended production at Ultrium Cells’ Plant 1 this year, we are currently preparing to resume operations on a shift basis. We plan to restart operations at the plant during the third qua…
Business·Industry
“Demand for the 46 Series Continues to Grow… North American Production to Expand Starting in Q3”—LG Energy Solution Conference Call
“Cylindrical battery shipments are increasing quarter by quarter, driven by a recovery in European EV demand and expanding sales of long-range models in Asia. Clients are also planning to expand produ…
Business·Industry
“Electric Vehicle Demand Recovery Slower Than Expected… New Orders to Be Concentrated in the Second Half”—LG Energy Solution Conference Call
“The pace of demand recovery in the electric vehicle market is slower than initially expected. Factors such as the timing of environmental regulations in various countries and policy changes are affec…