00:03Samsung Electromechanics just fired up a new MLCC plant in the Philippines,
00:0815 months after breaking ground.
00:11HD Hyundai Electric shipped its 1,000th ultra-high-voltage transformer to the U.S. market.
00:19Samsung Electromechanics posted 3.52 trillion won in first-quarter revenue this year,
00:26its highest in five quarters.
00:28And Hyundai's chairman is in Turkey, pushing for Europe's best electric vehicle.
00:34It's Monday, August 3rd.
00:36Let's take a look at a key development in Korea's industry sector.
00:41Samsung Electromechanics has been ramping up MLCC capacity
00:45to meet long-term supply contracts with battery and chip makers.
00:50HD Hyundai Electric's transformer milestone comes as U.S. grid demand
00:55accelerates investment in power infrastructure.
00:59Both moves reflect Korean manufacturers doubling down on long-cycle industrial contracts,
01:06rather than short-term orders.
01:08Here's what the numbers show.
01:11One trillion won.
01:13That's what Samsung Electromechanics is investing in the new Philippine plant,
01:17with full-scale operation targeted for the first quarter of next year.
01:23The company grew quarterly revenue to 3.52 trillion won in the first quarter of 2026,
01:30up from 2.39 trillion won a quarter earlier.
01:34Long-term supply contracts with battery and chip clients are driving the expansion,
01:39with capacity increases planned across Pusan and China production lines this year.
01:46HD Hyundai Electric completed its 1,000th ultra-high-voltage transformer for U.S. customers
01:52since the business began in 2007.
01:56Hyundai's chairman visited the company's Turkey EV plant this week,
02:01pushing to make the IONIQ 3 Europe's top-selling model.
02:04So, what does this mean for global manufacturers watching Korea's supply chain?
02:11Earlier, we said Samsung Electromechanics just restarted a new Philippine plant.
02:17Here's what that actually means for you.
02:20Korean suppliers are locking in multi-year capacity ahead of expected battery and chip demand,
02:27not just filling near-term orders.
02:29Watch whether HD Hyundai Electric's U.S. transformer backlog keeps growing
02:35as American grid investment accelerates.
02:39That's today's AI Prism, Industry Daily.
02:42This episode was produced with AI assistance based on Seoul Economic Daily reporting
02:48and reviewed by a human editor.
02:51AI Prism is a Juan Ifra award-winning series.
02:54We'll be back tomorrow.
02:59AI Prism is a Juan Ifra.
02:59AI Prism is a Juan Ifra.
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