SK Hynix Rewards 'failed Research Ideas'
SK Hynix has launched a yearly contest that rewards the best failed research ideas in a bid to promote a company culture that speaks up.
South Korea's second largest semiconductor maker said past failures were important assets and that it will form a database of the failed cases to share in research and development.
The contest has 250 registered cases of noteworthy ideas that failed to be commercialised, including those with a cause that was later figured out.
These include semiconductor design, materials, and processes, as well as management of factory line and equipment. Analysis, simulation, strategy, planning, and safety cases were also reviewed.
Problem-solving and an employee's willingness to speak up were important to develop innovative semiconductor technology, said CEO Park Sung-wook, in a statement.
SK Hynix rose last year to become the world's third largest semiconductor firm behind Intel and compatriot Samsung. Profits for the company were boosted by record demand for memory chips, much like Samsung.
Last year, SK Hynix was the first to develop a 72-layer 3D NAND ahead of rival Toshiba.
It also separated its System LSI division in a bid to hasten the development of logic chip portfolios.
PREVIOUS AND RELATED COVERAGE
LG Chem forms joint ventures in China for EV battery production
LG Chem has formed two joint ventures with China's Huayou Cobalt for a stable supply of cobalt that goes into electric batteries.
Samsung to post record 15.6 trillion won profit for Q1 2018
Samsung Electronics expects a first quarter profit of 15.6 trillion won, higher than market estimates and its highest ever for a quarter.
MicroLED patents nearly double in a year in South Korea
MicroLED patents filed in the country, which were close to nil near the end of the last decade, have gone from 67 in 2016 to 120 in 2017.
LG to foster innovative display startups
LG Display will work with startup accelerator Bluepoint Partners to run a program that fosters startups with promising display technology.
Intel chips have critical design flaw, and fixing it will slow Linux, Mac, and Windows systems (TechRepublic)
The faulty design has been present in chips for years and it will force a redesign of the Linux and Windows kernels.
How Fintech Is Revolutionizing Traditional Banking
How fintech is revolutionizing traditional banking is a topic that is garnering positive and immense discourse within th... Read more
Blockchain And Its Impact On Fintech Industry
Blockchain and its impact on Fintech Industry has become a hot topic in the current digital era. The amalgamation of blo... Read more
The Rise Of Fintech In The Digital Era
In the heart of the digital revolution, we've observed a term termed as "fintech" creating a substantial and transformat... Read more
Role Of Fintech In Transforming Retail Banking
The role of fintech in transforming retail banking is producing significant changes in the financial services industry. ... Read more
Fintech Innovations In Asset Management
Financial technology, or FinTech, refers to the blending of financial services with technology. The importance of FinTec... Read more
Exploring The Future Of Accounting Software: Unveiling The Power Of AI
The revolutionary ignition sparked by artificial intelligence (AI) cannot be understated in contemporary business ecosys... Read more