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Business Tech

Samsung Electronics kicks off mass production of 3-nanometer chips

Samsung Electronics said Thursday it has kicked off mass production of 3-nanometer chips, becoming the first company to do so globally, as it aims to beat Taiwan Semiconductor Manufacturing Co, or TSMC, the world’s most advanced foundry chipmaker. Samsung said it’s using gate-all-around (GAA) transistor architecture, which allows these first-generation 3-nm chips to have 16% […]

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World

Zara, Paypal and Samsung latest global firms to suspend operations in Russia after its invasion of Ukraine

Zara, Paypal and Samsung are the latest international firms to suspend trading in Russia after it invaded Ukraine. The clothes retailer’s owner, Inditex, will shut all 502 stores of its eight brands, including Bershka, Stradivarius and Oysho, from Sunday. Payment giant Paypal cited “violent military aggression in Ukraine” as the reason to shut down its […]

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Business World

Samsung Electronics posts record profits for last quarter of 2021 amid global chip shortage

Samsung Electronics posted a 52% jump in profit for the last three months of 2021, amid the global chip shortage. The world’s biggest memory chip maker estimates that it made 13.8 trillion won (approximately $11.5 billion) in the period. That would be its highest fourth quarter operating profit in four years. The company’s earnings were […]

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World

Lee Jae-yong: Samsung heir convicted, fined for misuse of anaesthetic drug

Samsung heir Lee Jae-yong has been convicted and fined for illegally using the sedative propofol. The embattled businessman had taken the drug, commonly used as anaesthesia, dozens of times in recent years. Under South Korean law, recipients of a controlled drug can be prosecuted as well as those who administer it. The controversial heir had […]

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Insane

Spanish man preserves severed finger to unlock smartphone after accident

A Spanish man reportedly proved that he can unlock his Samsung Galaxy phone with the tip of his severed finger. Kieran Higgins’ index finger had been severed in an industrial accident two weeks prior. Higgins, a semi-retired auditor claims that his dead finger tip, which he is keeping in medicinal alcohol, is able to unlock […]

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Business World

Samsung’s Lee family to pay more than $10.78 billion in inheritance taxes

The family of deceased Samsung Electronics chairman Lee Kun-hee will pay more than 12 trillion won (~ approximately $10.78 billion) in inheritance taxes for the estate of the late patriarch. Lee, who is credited with transforming Samsung into the world’s largest smartphone and memory chip maker, died on Oct. 25. His estate included shareholdings in […]

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Business

Samsung reports RECORD revenues as sales surge

Samsung has reported record revenues of US$ 59 billion in its third quarter. The strong revenues were fuelled by a 50% jump in smart phone sales, while profits from microchips rocketed 82%. The Korean tech giant posted a third quarter net profit of US$ 8.3 billion, a 49% increase over the same period last year. […]

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Insane Tech

Warren Buffet gave up Samsung flip phone for iPhone 11

Warren Buffet, the fourth-richest person in the world, has in 2020 given up on his old Samsung flip phone to opt for the iPhone 11, the 89-year-old billionaire revealed in an interview. While talking about smartphones and how important of a consumer product they have become, the CEO of Berkshire Hathaway, which owns 5.6 percent […]

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Tech

Samsung mobile factory complex shuts after an employee tests positive for coronavirus

Samsung Electronics said on Saturday that one coronavirus case had been confirmed at its mobile device factory complex in the southeastern city of Gumi, causing a shutdown of its entire facility there until Monday morning. Samsung Electronics, the world’s top smartphone maker, said the floor where the infected employee worked would be shut down until […]

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Tech

Amid coronavirus outbreak Samsung offers delivery of Galaxy S20 to users for 24 hour test use

Samsung Electronics has launched smartphone delivery services for customers to test its new products, as the spread of the coronavirus has prompted the tech giant to cancel promotional events and brace for weak store sales. The move highlights efforts made by the global smartphone industry, one of the tech sectors most hurt by the virus […]

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Tech

Samsung Galaxy S11 to have second-generation 108 MP sensor

Rumors claim that Samsung S11 will not use the 108MP ISOCELL Bright HMX sensor that it launched earlier this year, but will instead utilise an upgraded second-gen sensor. The original 108MP ISOCELL version is already being used in the Xiaomi handset, and therefore it makes sense for Samsung to build an upgraded version or something […]

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Tech

Samsung Unpacked Event – Six Camera “Galaxy Fold” Goes On Sale In April

Samsung launched their first foldable phone on Wednesday at the Galaxy Unpacked 2019 event in San Francisco. The Samsung Galaxy Fold comes in two screens in one device one main flexible display of 7.3 inch and the other secondary screen of 4.6 inch. The luxury device goes on sale in April this year in selected markets. […]