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Core Report丨LG Display borrows 1 trillion won from LG Electronics to strengthen the competitiveness of its OLED business

Latest update time:2023-03-31
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Issue 0331

LG Display borrows 1 trillion won from LG Electronics to strengthen the competitiveness of its OLED business

LG Display borrowed 1 trillion won from LG Electronics to strengthen the competitiveness of its OLED business and secure working capital first. According to Yonhap News Agency, LG Display’s loan period is three years, starting from the 30th of this month to March 30, 2026. LG Display stated that this is to strengthen the competitiveness of the OLED business, while strengthening financial stability and laying the foundation for stable business operations and future growth.

❷Organization : China’s 5G radio frequency front-end companies are accelerating their rise
Research institute Yole Intelligence recently stated that under today's complex macroeconomic conditions, the telecommunications industry has to make adjustments at all levels of the supply chain. 5G is entering the second stage of its life cycle, and fixed wireless access (FWA) is expected to become the first. A “killer” application and a true use case for mmWave.

❸Optimistic about the market prospects, Alphawave has established a new R&D base in Pune, India

According to foreign media reports, Alphawave Semi, an emerging manufacturer in the field of interconnect IP, recently announced that it will open its latest office in Pune, India, to strengthen its existing footprint in the country and improve its capabilities in customized chips and connection IP. The new office is said to span more than 20,000 square feet and has state-of-the-art high-speed test and characterization laboratory space for its engineering team to design, test and launch leading-edge custom silicon chips, as well as the next generation of advanced silicon chips for chiplets and memory. Interconnect IP for interfaces such as Universal Chiplet Interconnect (UCIe), High Bandwidth Memory (HBMx) and Low Power Double Data Rate DRAM (LP/DDRx).

❹The shipments of new circuit products of all types have accelerated significantly, and Silan Micro’s revenue in 2022 will increase by 15.12% year-on-year.
Silan Micro released its annual performance report. Operating income in 2022 will be approximately 8.282 billion yuan, a year-on-year increase of 15.12%; net profit attributable to shareholders of listed companies will be approximately 1.052 billion yuan, a year-on-year decrease of 30.66%; basic earnings per share will be 0.74 yuan, a year-on-year decrease of 34.51%. In 2022, Silan Micro Integrated Circuit's operating income was 2.723 billion yuan, an increase of 18.74% over the same period last year. The main reason for the increase in the company's integrated circuit operating income is that the company's shipments of various new circuit products have accelerated significantly.


Overseas news
❶Google reorganizes virtual assistant department to focus on Bard AI technology
Google is restructuring its virtual assistant unit's reporting structure to focus more on Bard, the company's new artificial intelligence chat technology. In a memo to employees on Wednesday titled "Changes to the Assistant and Bard Team," Sissie Hsiao, vice president and head of the Google Assistant business unit, announced changes to the organizational structure that indicate the department's high priority for Bard. As the Bard team continues this work, we want to ensure we continue to support and seize future opportunities," Hsiao said in the email. "This year, more than ever, we are focused on delivery that makes an impact for our users. "

❷Tata Communications brings integrated, simplified cloud-based calling solution JAMVEE(TM)
Tata Communications, a global digital ecosystem enabler, has launched JAMVEE™, a cloud-based application with integrated and streamlined voice calling solutions to enhance employee experience and productivity with simple collaboration features. This end-to-end business solution provides employees with a high-quality calling and messaging experience, allowing communication with colleagues over a secure network on any Android, iOS or Windows Desktop device. With flexible voice calling and data roaming plans, JAMVEE™ is a cost-effective solution for enterprise employee collaboration needs.

❸Qualcomm Snapdragon 8 Gen 3 processor specifications exposed, no longer supports 32-bit applications
Developer and reliable source Kuba Wojciechowski issued a series of tweets today to share information about the Qualcomm Snapdragon 8 Gen 3 processor. The Qualcomm Snapdragon 8 Gen 3 processor model is "SM8650", and the internal code name is "Lanai" or "Pineapple". The processor uses a 2+3+2+1 architecture, and the specific clock frequency information is currently unknown. The chipset does not support 32-bit Android apps and games due to the lack of associated CPU cores, meaning all developers must update their apps to 64-bit architecture.
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