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KAIST names former Samsung Electronics chairman Oh-Hyun Kwon as new board chairman

Korea Advanced Institute of Science and Technology (KAIST) said on Sept. 21 it appointed former Samsung Electronics chief executive and chairman Oh-Hyun Kwon as its new chairman of the board at its 298th extraordinary board meeting in Seoul. KAIST said Kwon studied electrical engineering at Seoul National University and KAIST, and earned a doctorate at Stanford. His term runs from the date of approval by the deputy prime minister and science and ICT minister to Aug. 19, 2029.

Industry

SK hynix says nothing decided on U.S. memory production with Intel

SK hynix said on Sept. 16 that nothing has been decided regarding reports it is discussing producing memory chips in the United States with Intel. Reuters reported, citing multiple sources, that the two companies are negotiating and that SK hynix is considering leasing part of Intel’s Ohio site or forming a joint venture involving Intel and large cloud companies that are memory customers. SK hynix said it is reviewing various options to strengthen competitiveness.

Industry

Semiconductor export boom fails to lift consumer sentiment, linked industries

South Korea\'s semiconductor exports are setting monthly records, but consumer sentiment has not returned to early-year levels and spillover effects on related industries remain slow, raising concerns about deepening polarisation. August chip exports jumped to $46.8 billion, while the consumer sentiment index fell to 104.5. Non-chip exports rose only 18.0 percent in January to August. The Bank of Korea cited stock market adjustments and accumulated inflation burdens as factors.