Samsung Becomes Latest Firm to Join Bank of Korea (BOK) CBDC Pilot Project

Tech giant Samsung has revealed that it will take part in the central bank digital currency pilot project by the Bank of Korea.  Samsung Joins BOK Digital Currency Pilot Project This latest development was revealed by the local news outlet The Korea Times on August 12, 2021. Korea’s apex bank began trials for the digital… Continue reading Samsung Becomes Latest Firm to Join Bank of Korea (BOK) CBDC Pilot Project

Samsung confirms participation in Bank of Korea CBDC pilot

Samsung Electronics has confirmed it will take part in a central bank digital currency (CBDC) pilot project being spearheaded by the Bank of Korea. The pilot, which began at the end of July, aims to build a platform for supporting a central bank digital currency in Korea, and is being co-managed by Kakao subsidiary Ground… Continue reading Samsung confirms participation in Bank of Korea CBDC pilot

Samsung Q2 Profit Climbs

Samsung Electronics Co Ltd (SMSN.L,SSNNF.OB,SSNLF.OB) reported a profit for the second-quarter that climbed 72.18 percent from the previous year, reflecting higher-than-expected chip prices and continued consumer demand for electronics during the pandemic. Quarterly sales grew 20.21 percent from the prior year. The company expects favorable market conditions for the components business in second half. The… Continue reading Samsung Q2 Profit Climbs

Samsung Galaxy Blockchain Wallet to Integrate Support for Ledger Hardware Devices

Korean-based technology giant Samsung has announced that it has added support for Ledger Wallet on its Samsung Blockchain Wallet. This continues the recent foray of Samsung towards blockchain and cryptocurrency services. Samsung revealed this development in a press release on Wednesday, May 13, 2021. According to the smartphone manufacturer with the recent update, Samsung Galaxy smartphone users… Continue reading Samsung Galaxy Blockchain Wallet to Integrate Support for Ledger Hardware Devices

Trial hearing postponed as Samsung heir Lee has fever after surgery: media

FILE PHOTO: Samsung Group heir Jay Y. Lee arrives at a court in Seoul, South Korea, January 18, 2021. REUTERS/Kim Hong-JiSEOUL (Reuters) – A court hearing in a trial involving Samsung Electronics vice chairman Jay Y. Lee has been postponed to April 22, court records showed, with South Korean newspapers saying he still has a… Continue reading Trial hearing postponed as Samsung heir Lee has fever after surgery: media

Samsung considering four sites in U.S. for $17 billion chip plant: documents

FILE PHOTO: A man walks past the logo of Samsung at its office building in Seoul, South Korea, October 25, 2020. REUTERS/Kim Hong-JiSEOUL (Reuters) – Samsung Electronics Co Ltd is considering two sites in Arizona and another site in New York in addition to Austin, Texas, for a new $17 billion chip plant, according to… Continue reading Samsung considering four sites in U.S. for $17 billion chip plant: documents

Samsung considering four sites in U.S. for $17 billion chip plant: documents

FILE PHOTO: A man walks past the logo of Samsung at its office building in Seoul, South Korea, October 25, 2020. REUTERS/Kim Hong-JiSEOUL (Reuters) – Samsung Electronics Co Ltd is considering two sites in Arizona and another site in New York in addition to Austin, Texas, for a new $17 billion chip plant, according to… Continue reading Samsung considering four sites in U.S. for $17 billion chip plant: documents

Samsung Q4 Profit Up 23.3%; Sees Weak Q1 Profit

Samsung Electronics Co Ltd (SMSN.L,SSNNF.OB,SSNLF.OB) reported a profit for the fourth-quarter that increased 23.3 percent from last year, led by display and memory chip businesses. Quarterly revenue grew 2.8 percent from the prior year. Looking ahead, the company expects overall profit to weaken in the first quarter of 2021. The Memory Business will likely continue… Continue reading Samsung Q4 Profit Up 23.3%; Sees Weak Q1 Profit

Samsung's Jay Y. Lee on cusp of stepping out of father's shadow

SEOUL (Reuters) – For years, legal troubles have cast a cloud over Samsung Electronics Vice Chairman Jay Y. Lee as he stood on the cusp of stepping out of his father’s shadow and making a name for himself as the leader of the global tech giant.FILE PHOTO: Samsung Electronics Vice Chairman, Jay Y. Lee, leaves… Continue reading Samsung's Jay Y. Lee on cusp of stepping out of father's shadow

Samsung ties up with IBM to combine private 5G with "edge computing"

Slideshow ( 2 images )STOCKHOLM (Reuters) – Samsung Electronics on Wednesday signed a partnership with IBM to combine “edge computing” with private 5G networks, the latest tie-up among big technology firms trying to help customers automate production. “Edge computing” uses augmented reality and machine learning to analyse bulk data where it was gathered – whether… Continue reading Samsung ties up with IBM to combine private 5G with "edge computing"

Patents and royalties battle with Samsung hits Ericsson shares

STOCKHOLM (Reuters) – Ericsson has filed a lawsuit in the United States against Samsung in a dispute over royalty payments and patent licences, sending Ericsson’s shares sharply lower on Friday as it warned the quarrel could hit earnings.Slideshow ( 2 images )Delayed royalty payments and potential legal costs could reduce Ericsson’s operating income by 1-1.5… Continue reading Patents and royalties battle with Samsung hits Ericsson shares

Smartphones costing Rs 35,000+ grow 91%

E-learning and work from home have forced a section of feature phones users to shift to smartphones.Arnab Dutta reports. There has been a sharp rise in demand for and record shipments of premium smartphones, but that hasn’t been the case with the mass market segment. A sharp fall in shipment of feature phones and poor… Continue reading Smartphones costing Rs 35,000+ grow 91%

Smartphones costing Rs 35,000+ grow 91%

E-learning and work from home have forced a section of feature phones users to shift to smartphones.Arnab Dutta reports. There has been a sharp rise in demand for and record shipments of premium smartphones, but that hasn’t been the case with the mass market segment. A sharp fall in shipment of feature phones and poor… Continue reading Smartphones costing Rs 35,000+ grow 91%

Trial begins in Samsung leader Jay Y. Lee's suspected fraud, stock manipulation case

SEOUL (Reuters) – Samsung leader Jay Y. Lee’s trial, in a case of suspected accounting fraud and stock price manipulation connected to a 2015 merger, began on Thursday as a Seoul court held its first hearing.FILE PHOTO: Samsung Group heir Jay Y. Lee arrives for a court hearing to review a detention warrant request against… Continue reading Trial begins in Samsung leader Jay Y. Lee's suspected fraud, stock manipulation case

South Korea: Samsung Integrates Blockchain-Based Identity Solution Into Blockchain Keystore

South Korean multinational conglomerate Samsung has integrated SK Telecom’s blockchain-based mobile identity solution into its Blockchain Keystore. A Major Push for Blockchain Identities in South Korea Yesterday, major South Korean telecom operator SK Telecom announced that it had integrated its distributed ledger technology-powered (DLT) mobile identity solution Pass with the Samsung Blockchain Keystore. For the… Continue reading South Korea: Samsung Integrates Blockchain-Based Identity Solution Into Blockchain Keystore

Samsung Phone Support for Gemini Exchange Can Further Crypto Adoption

In a major new partnership, Samsung has announced that the Samsung Blockchain Wallet will be integrated with Gemini, a New York-based crypto exchange. This integration will allow owners of newer Samsung Galaxy phones to not only use their devices as cold storage wallets but to buy and sell crypto via the Gemini exchange as well.… Continue reading Samsung Phone Support for Gemini Exchange Can Further Crypto Adoption

South Korea seeks arrest of Samsung heir in succession probe

SEOUL (Reuters) – South Korean prosecutors have requested an arrest warrant against Samsung Group heir Jay Y. Lee, they said on Thursday, in the investigation of a controversial 2015 merger and alleged accounting fraud in a suspected bid to aid his succession plans. The move spells fresh trouble for Lee, who, if arrested, faces a… Continue reading South Korea seeks arrest of Samsung heir in succession probe

New Samsung Wallet Now Supports Gemini Customers | Live Bitcoin News

South Korean smartphone provider Samsung is working with New York-based crypto exchange Gemini to provide support for all the trading platform’s users. Customers of Gemini will now be able to buy, sell and trade bitcoin and other digital currencies through the new Samsung wallet. Samsung and Gemini: The Perfect Match In addition, they will also… Continue reading New Samsung Wallet Now Supports Gemini Customers | Live Bitcoin News

Samsung Adds Crypto Trading on Flagship Phones with Gemini Support

Samsung, a leading South Korean electronics manufacturer, has partnered with Gemini, a US-based crypto exchange, to facilitate digital currency trading on its wallet app. Announced on Tuesday, the crypto trading feature will be rolled out only for the Samsung Blockchain Wallet users in the United States and Canada. The Most Diverse Audience to Date at… Continue reading Samsung Adds Crypto Trading on Flagship Phones with Gemini Support

Samsung, SalesForce Participate in Digital Asset’s $35M Funding Round

Blockchain startup Digital Asset has announced on Tuesday the closure of its Series C financing round after receiving funds from Salesforce Ventures and Samsung Venture Investment. This is the second closure of the financing round as the company already closed the round in December after raising more than $35 million. City Banquet 2030 – The… Continue reading Samsung, SalesForce Participate in Digital Asset’s $35M Funding Round

Samsung Pay Teams Up With RippleNet Member Finablr

Samsung Pay, the mobile payments service of South Korean tech giant Samsung, has partnered with payments platform Finablr, Ripple’s RippleNet member, to offer cross-border payments feature Money Transfer to its app’s users. Finablr announced the partnership on Oct. 3, claiming that the new feature “offers users seamless and secure cross-border payments to 47 countries through… Continue reading Samsung Pay Teams Up With RippleNet Member Finablr

MicroBT Expects $400 Million Q3 Revenue From Miner Sales Despite Chip Holdup

MicroBT, the maker of WhatsMiner bitcoin mining equipment, says it has made about $400 million in just a few months, despite delays to its chip supply. Yang Zuoxing, founder and CEO of the Shenzhen, China-based firm, said in a keynote speech at the New Era Mining Summit hosted by mining pool Poolin on Sunday that… Continue reading MicroBT Expects $400 Million Q3 Revenue From Miner Sales Despite Chip Holdup

Samsung Launches Bitcoin Support For Galaxy Smartphones

The mass crypto adoption has been set as the main goal for 2019, and there have been a lot of efforts made in this direction. Various important names such as tech companies entered the crypto space, and this only boosts the whole cryptosphere and the blockchain tech as well. Now, Samsung made a move that… Continue reading Samsung Launches Bitcoin Support For Galaxy Smartphones

Samsung Electronics profit guidance beats expectations on one-off gains, outlook weak

SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) forecast a steep plunge in its second-quarter operating profit as the U.S.-China trade war wreaks havoc in global chip and smartphone markets, although one-off gains helped it beat analyst expectations. The South Korean tech giant is on track to post year-on-year profit declines for a third consecutive… Continue reading Samsung Electronics profit guidance beats expectations on one-off gains, outlook weak