Feb 02 2018
The company said in a statement: "Samsung's foundry business is now engaged in the manufacturing of crypto-currency mining chips". Samsung's move could affect cryptocurrency, other cryptocurrency miners and China's local players.
Korean technology company Samsung's fourth quarter resulted in a record profit, mainly thanks its chip division, where prices remain sky high. These processors are specifically designed for a single computational task, as opposed to the multi-purpose processors we now use in our phones and computers. Until 2013, they were more commonly associated with the TV industry. These companies specialise in producing ASICs (application-specific integrated circuits), chips explicitly created to mine Bitcoin and other cryptocurrencies.
While the profit was expected, the firm's shares surged more than 8 percent after it unveiled the stock split.
The company says that a specific devision within its semiconductor business called Foundry will head up the project.
"Samsung's foundry business is now engaged in the manufacturing of cryptocurrency mining chips". Samsung said it expects its Foundry arm to be "number two" in the business.
Russian team banned from Winter Paralympics, athletes to compete as neutrals
Beucher claimed the IPC had been influenced by external pressure to create a way in which Russian athletes can compete. The IPC said in a statement that "it is maintaining the suspension of the Russian Paralympic Committee (RPC)".
Recommendation Hold on Basic materials stock: Freeport-McMoRan Inc. (FCX)
To measure price-variation, we found CRSP's volatility during a week at 10.67% and during a month it has been found around 9.56%. What do the trading volumes reveal? Volumes indicate how many shares are bought and sold over a given period of time.
Floodwaters continue to rise in Paris
Paris authorities have closed several tunnels, parks, and the bottom floor of the Louvre Museum as precautionary measures. However, authorities said on Saturday that the flooding won't be as bad as forecast earlier this week.
Samsung may well capitalize on growing demand for them, having just passed Intel to become the world's largest chipmaker by revenue. The validation of these transactions involves solving some complex mathematical problems in order to prove the authenticity and legitimacy of a transaction.
However, the outlook for Samsung's smartphones was uncertain amid competition from Chinese rivals in markets like Europe and Asia, said Tom Kang, research director at data provider Counterpoint.
Samsung earned 15.15 trillion won (US$14.15 billion) in operating profit with its revenue standing at 65.98 trillion won in the fourth quarter past year.
Samsung's chip-making division is diving into the lucrative space of cryptocurrency mining.
However, the downside to using Samsung's chipsets for cryptocurrency is that users might not be able to get the most out of mining.
Feb 01 2018
Shopian army firing: Third civilian dies of bullet injury
A Junior Commissioned Officer (JCO) accompanying the convoy was hit on his head and fell unconscious suffering serious injury. Meanwhile, the army on Wednesday filed a counter FIR over the attack on its personnel by the mob.
Feb 01 2018
India's preference for boys has produced 21 million "unwanted girls"
For all the social campaigns and awareness drives to end sex selection in India , the preference for sons is still going strong. The wealthy Punjab and Haryana states were most affected with a ratio of 1,200 boys per 1,000 girls in children younger than 7.
Feb 01 2018
Muslim scholar questioned by French police over rape claims
He is the grandson of the founder of the Muslim Brotherhood movement in Egypt, Hassan al-Banna. A second unnamed woman on Friday also accused Ramadan of raping her in a hotel room in 2009.
Feb 01 2018
Alex Smith traded by Chiefs to Redskins, sources say
Cousins played under the franchise tag the last two seasons in D.C. and was set to become a free agent this off-season. In Kansas City's 27-20 win over the Eagles in Week 2, Smith was 21 of 28 for 251 yards and a touchdown.
Jan 31 2018
Iranian women protest obligatory headscarf; Twitterati praise the bravery
The woman, reportedly a 31-year-old mother, broke the law by exposing her hair in public, risking arrest and fines. Women are only allowed to show their face, hands and feet in public and are supposed to wear only modest colours.
Jan 29 2018
Carrie Fisher wins Grammy Award for 'The Princess Diarist'
The Princess Diarist captured both those sides of Fisher, and so I'm really glad she took home the Grammy . We can only dream about what her acceptance speech would've been like.
Jan 28 2018
Pelicans C reportedly out for season with torn Achilles tendon
And for Pelicans' Center DeMarcus Cousins , news just broke that he may have suffered one of the worst sports injuries of all. As for the Pelicans , they'll be hard-pressed to deal for help replacing Cousins at the deadline due to their cap situation.
Jan 28 2018
On last day in Israel, Pence visits Western Wall, Yad Vashem
But as I said, it is controversial because Palestinians also have a claim on the city. He described Trump as "a political pyromaniac, a racist misogynist".
Jan 28 2018
SpaceX Performs First 'static Fire' Of Falcon Heavy Rocket
The company now only operates the Falcon 9 rocket, which consists of a core first stage booster and a second stage. The Falcon Heavy will have double the thrust of the next biggest rocket out there today, according to Musk.
Jan 28 2018
Assange 'hypothetically' free if arrest warrant attraction granted, ruling due February 6
While the Swedish investigation is no longer being actively pursued, British authorities say the Wikileaks founder will still be arrested if he leaves the embassy.
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