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Industry

Fadu Q2 operating profit 16.3 billion won, up 112 percent from previous quarter

Fadu posted second-quarter revenue of 73.2 billion won and operating profit of 16.3 billion won, it said on Sunday. Revenue rose 208.9 percent from a year earlier and operating profit swung to a profit. Compared with the previous quarter, revenue increased 22.9 percent and operating profit rose 111.6 percent. First-half revenue totalled 132.7 billion won and operating profit was 24.0 billion won, turning from a loss a year earlier.

Mobility

BMW to launch iX5 Hydrogen SUV in 2028

BMW plans to launch its hydrogen fuel cell SUV, the iX5 Hydrogen, in 2028. It unveiled the fifth-generation X5 with five powertrain plans, including a hydrogen model, but did not disclose sales markets. BMW links hydrogen vehicles to broader energy storage needs as renewable power expands. The iX5 Hydrogen stores 7 kg of hydrogen and targets up to 750 km range with refuelling in under 5 minutes, while infrastructure, costs and hydrogen’s environmental footprint remain constraints.

Industry

Samsung Electronics sees NAND, foundry join AI-driven profit engines

Samsung Electronics is seeing a shift in profit drivers in its memory business as NAND flash and its contract chipmaking unit gain traction on AI demand, following record quarterly results led by HBM and DRAM. The company says it has completed mass-production preparations for high-performance Gen6 NAND storage and received positive early customer feedback. It also says talks with multiple large AI HPC customers on its 2-nanometre process are active, with expectations of visible results soon.