In an interesting turn of events, South Korean court today suspended jail term of Samsung Group’s heir and Samsung Electronics vice chairman, JY Lee (Lee Jae-yong). Lee had appealed the sentence, after which the court decided to reduce the sentence to 2.5 years and probation of four years. Lee’s arrest last year had major ramifications […]
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Samsung expands patent agreement with Qualcomm, will collaborate to develop different technologies
Samsung and Qualcomm today announced that the global patent cross-license agreement between them now extends to Samsung mobile devices and infrastructure equipment and as part of the agreement, Samsung will withdraw its interventions in Qualcomm’s appeal of the KFTC decision in the Seoul High Court. They’ve also announced a multi-year strategic relationship agreement wherein both […]
Samsung posts Q4 2017 financial result
Samsung today announced its financial result for the full 2017 and Q4 2017 ending on December 31, 2017. According to Samsung, they posted a consolidated revenue of 65.98 trillion won and an operating profit of 15.15 trillion won for the fourth quarter of 2017. If we talk about the full year, Samsung recorded 239.58 trillion […]
Report: Samsung manufacturing hardware for cryptocurrency mining
It’s evident in the last few years that Samsung is trying to chase new markets to sell its chips. The latest market Samsung is trying to address is the cryptocurrency market with its superior hardware. According to a Korean report, Samsung will start mass production of an ASIC (application-specific integrated circuit) chip by end of […]
Samsung unveils 800GB Z-SSD for enterprise applications
Samsung today announced an 800GB Z-SSD (SZ985) targeted at businesses and enterprise applications like artificial intelligence (AI), big data and Internet of Things (IoT). The new SSD offers high-speed cache data and log data processing along with high-reliability, making it an apt choice for businesses. The new Z-SSD features Z-NAND chips that offer superior cell […]