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Industry

Hanamicron says it will boost system semiconductor and packaging competitiveness

Semiconductor back-end process company Hanamicron posted a new quarterly record and outlined its second-half strategy. It said it held a shareholder meeting in Seoul on Aug. 27 to share second-quarter results and business plans. Hanamicron reported 683.2 billion won in quarterly revenue and 142.3 billion won in operating profit, both record highs. It plans to expand capacity and diversify products across Korea, Vietnam and Brazil.

Industry

Smartphone, PC costs to rise 15 to 40 percent in vicious cycle from commodity DRAM shortage

Memory makers are allocating more wafer capacity to high-bandwidth memory and DDR5, reducing output of commodity DRAM and lifting prices, an industry source said. The shift is expected to raise the cost of making a smartphone or PC by at least 15 to 40 percent this year. As higher costs are hard to pass on amid weak demand and falling shipments, pressure is likely to move to parts and materials suppliers.

Finance

KOSPI fails to reclaim 7,000 level, hampered by rate hike

South Korea\'s KOSPI rose for a third straight session on joint net buying by foreign and institutional investors and gains in semiconductor shares. The index opened near the 7,000 level and attempted to break above it, but later pared gains after the Bank of Korea announced a 0.25 percentage point rate hike to 3.00 percent. The won strengthened and the KOSDAQ also ended higher.