It is estimated 212 billion connected devices aka Internet of Things will be installed globally by end of 2020 and to improve interoperability between them, Samsung and other companies have formed Open Interconnect Consortium (OIC) that focuses on “defining a common communications framework.” The consortium consists of companies like Samsung, Atmel, Broadcom, Dell, Intel and […]
Misc.
Q2 2014 Earnings Guidance hints at dismal financial quarter
Samsung today published their earnings guidance for Q2 2014 and going by the estimated figures, the result looks bleak for the Korean company. According to figures based on K-IFRS, Samsung expects consolidated sales to up to 52 trillion won and operating profit at 7.2 trillion won, which is less when you compare it with the […]
Robbers loot $36m worth of Samsung products from factory in Brazil
Earlier this week, Samsung’s factory near Sao Paulo, Brazil was robbed at gunpoint by about 20 bandits. The heist was carried out on late Sunday night where armed robbers hijacked a Samsung shuttle used by factory employees and stole Samsung smartphones, tablets and laptops worth $36 million. According to Reuters, robbers “made off with seven […]
Samsung to build display plant in Vietnam
Samsung Display, subsidiary of Samsung Electronics has announced that they’ll build a display assembly plant in Vietnam. According to Reuters, the plant will be first for Samsung in the country and will spend about $1 billion to construct it. The production capacity or the type of display that will be manufactured in the facility is […]
Samsung finds worker safety inadequacies among Chinese suppliers
In a sustainability report published by Samsung, the company found 59 suppliers to flout safety regulations for workers. According to the report, Samsung suppliers failed to comply with China’s permitted overtime hours but were in line with the child labour laws. The report can be found here and Samsung has confirmed to provide additional training […]