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.
Carson Wentz ditches cane, showing progress in ACL rehab
Wentz, 25, said Friday that when he returns to the field in several months, he won't alter his playing style. He still expects to be ready for the 2018 regular-season opener in September.
Nelly Accused Of Sexual Assault By Two New Women
Prosecutors have said they can't pursue a criminal case against Nelly because the woman decided not to cooperate with authorities. Fans had an unexpected and shocking reaction after news broke that rapper Nelly had been arrested for allegedly raping a woman.
Nine out of ten cancer cases 'could be prevented with smear test'
Cervical screening isn't a test for cancer; it's a test to check the health of the cells of the cervix (the entrance to the womb). Parents should speak with their children's health care provider about the HPV vaccine at the 11-to 12-year-old well child visit.
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
German carmakers funded studies that made young people huff emissions
BMW insisted it wasn't involved in the test and called it "repulsive", while Daimler called it "abhorrent" and "superfluous". The statement was released at a time when the experiments with monkeys , but not those with humans, were publicly known.
Jan 30 2018
Seine still rising in Paris; Louvre partially closed
The capital's bateaux mouches rivercraft was out of service, and only emergency services were authorised to navigate the Seine. Authorities say some parts and suburbs of Paris are under water, and expect flood levels to remain high throughout the week.
Jan 30 2018
Chris Stapleton to perform 2 Upstate NY shows
The Missoula show is scheduled for August 3 in the Adams Center and public tickets go on sale February 9 at 10 a.m. Stapleton is also getting acclaim after being featured on Justin Timberlake's new song, " Say Something ".
Jan 30 2018
Nokia 2 to receive Android 8.1 Oreo update soon
The penta-lens camera system on the mysterious Nokia device is reported to come in a circular form with not five, but seven holes. It would be powered by last year's Snapdragon 835 processor, at least 4GB RAM, 128GB internal storage, and 3,250mAh battery.
Jan 29 2018
Macron's "France is Back" Speech Makes Plea for European Unity
On Wednesday, Macron took his pledge of a French renaissance to the world's business elite gathered in the Swiss resort of Davos . We have to design a 10-year strategy to make Europe an actual economic, social, green, scientific, and political power".
Jan 29 2018
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.
Jan 28 2018
Caroline was better - Halep congratulates Australian Open champion Wozniacki
Halep's serve had just been broken and she now trailed 6-5 in the third set, one game from losing. Cramping, she made a decision to stand and deliver in the next game, keeping the points short.
Jan 28 2018
Richardson says Suu Kyi living in a 'bubble'
There is a "power bubble that has been created around her", filled with people who "tell her how great things are", he said. Duterte said he had a chance to talk to Suu Kyi, Myanmar's state counselor, and told the latter not to mind her critics.
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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Jan 28 2018Most wanted gangster Vicky Gounder, aide killed in encounter
Jan 28 2018Pelicans C reportedly out for season with torn Achilles tendon
Jan 28 2018The Shining sequel Doctor Sleep lands director Mike Flanagan
Feb 01 2018Besser Museum to Hold Lunar Eclipse Party Wednesday
Feb 01 2018Nokia 3310 4G casually goes official in China, commercially launching next month
Feb 01 2018United States names Hamas leader as terrorist
Feb 01 2018Muslim scholar questioned by French police over rape claims
Feb 01 2018Amazon, Berkshire Hathaway and JP Morgan to set up healthcare firm
Feb 01 2018Alex Smith traded by Chiefs to Redskins, sources say
Jan 31 2018Russian team banned from Winter Paralympics, athletes to compete as neutrals
Jan 29 2018Pochettino questions Tottenham motivation after FA Cup escape
Jan 28 2018Floodwaters continue to rise in Paris
Jan 28 2018On last day in Israel, Pence visits Western Wall, Yad Vashem
Jan 28 2018SpaceX Performs First 'static Fire' Of Falcon Heavy Rocket
Jan 27 2018Crude breaks $65 as record drawdown whittles USA oil stockpiles