Saturday, March 2

Tag: Samsung Electronics Co

Samsung Network and Reliance Jio Will Expand 4G Coverage to all Over India
News

Samsung Network and Reliance Jio Will Expand 4G Coverage to all Over India

Mukesh Ambani led Reliance Jio is collaborating again with South Korean company Samsung Networks to set up a nationwide Internet of Things (IoT) through phone network by Diwali. Samsung Networks is also contributing in setting up Jio’s LTE network to cover almost every Indian individual. Reliance Jio and Samsung networks however didn’t disclose the value of the new contract. Samsung Networks bagged another huge deal in 4G LTE expansion from its sole customer in India. The deal aims at increasing Jio’s 4G network penetration to 99% of the population while the network only covers 75% of the population currently. Youngky Kim, Samsung Electronics President and Head of Networks Business said, “We are delighted to contribute to Jio’s success story and rapid growth. We have been striving...
Samsung To Start Building IoT Products On A Mass Scale
News

Samsung To Start Building IoT Products On A Mass Scale

South Korean technology major Samsung plans to mass-produce IoT-enabled products in the consumer durable space over the next two to three years. It is expected that this high-end, cloud-based networked technology will become more affordable for developing markets and emerging economies. IoT stands for Internet of Things. Samsung, which recently launched its first IoT-enabled washing machine in India, plans to introduce more connected appliances that can be controlled via devices such as smartphones. Asked about the timeframe, Patrick Chomet, Executive Vice President of Samsung Electronics (Mobile Communications Business Product and Innovation Team), said: "Over the next 2-3 years, the company would start mass-producing IoT-based devices ... I would expect that (IoT connecti...
Apple Partners With LG Display To Make Foldable iPhone
Tech

Apple Partners With LG Display To Make Foldable iPhone

Following the launch of iPhone X, which is being considered as a the start of new future phones, Apple is now working with LG Display (LGD) to make a foldable iPhone. Reports have that LG Display has already been working on a foldable OLED (Organic Light Emitting Diode) panels for the Cupertino giant, and we could see the first foldable iPhone before 2020. The recently launched iPhone X represents a significant change in the design pattern that Apple had been following, which includes a front-facing sensors that could read your face to unlock the phone. And not to forget the new bezelless OLED screen and the removal of the home button. Samsung has already been working on foldable OLED Screens and foldable phones, which might not be very far from reach of common man now. ...
Samsung CEO Kwon Announces Shock Resignation As Profits Surge
News

Samsung CEO Kwon Announces Shock Resignation As Profits Surge

Samsung Electronics Co Ltd said on Friday its CEO and Vice Chairman Kwon Oh-hyun plans to step down from management, deepening concerns over a leadership vacuum at the tech giant after group scion Jay Y. Lee was jailed for bribery. The surprise resignation of Samsung’s chip and display head came as he was expected to take a bigger role following Lee’s arrest in February and the departures of other key executives in the wake of the bribery scandal. The move came on the same day the South Korean smartphone maker forecast record third-quarter operating profit on the back of the memory chip business which Kwon was instrumental in building into the world leader. “The timing is nonsensical. Samsung tipped record earnings, it’s going to be better in the fourth-quarter, and all that’s been ...
Founder and Chairman of Apple’s Top Chipmaker Announces His Retirement
BUSINESS

Founder and Chairman of Apple’s Top Chipmaker Announces His Retirement

Taiwan Semiconductor Manufacturing Co. world's largest producer of made-to-order microchips chairman and founder Morris Chang will retire in June next year, as per the reports by Bloomberg. Two chief executives of the company will be taking over after him. 86-year-old Morris' place will be taken over by Mark Liu, as chairman of the company who will be then responsible for all strategic decisions and business directions.  C.C. Wei will become chief executive officer, orchestrating operations but taking his cues from the board, Chang told Bloomberg.     When Chang stepped down as CEO in 2013, Mark and Wei took over as the chief executive officers of TSMC. TSMC entertains world's leading corporations such as- Qualcomm Inc. and Apple Inc. The soul reason be...