South Korea’s lead chaebol, Samsung Group, announced on Thursday that it has decided to freeze salaries for its executives next year in an attempt to reduce costs, the first time since the 2009 global financial crisis. The income of approximately 2,000 executives at the business group, which includes Samsung Electronics Co. more»
Only 221.4 million tablets will ship worldwide this year – a drop of 11.9 percent compared to 2014.
That’s according to Digitimes Research (DR), which predicts that Apple will continue to take the lead, managing to ship over 54 million units this year. more»
While virtual reality (VR) has been around for a good old while, a market research firm now predicts massive growth in the marketplace.
ABI Research said it expects to see three million VR units ship this year, but that will soar to 55 million by 2020. more»
Samsung Electronics has announced that it will start trading the Chinese currency directly with the South Korean won.
The news came as the South Korean government announced that it hoped to sign a final free trade agreement with China within the first half of the year, in a further sign of strengthening relations between the countries. more»
LG will partner with Chinese and Japanese firms in a bid to make organic light-emitting diode (OLED) display televisions more acceptable to the great unwashed.
LG has not said who it is teaming up with or what its OLED partnership would mean for those signing up to it. more»
Famous for operating its reality distortion shield, Apple might have taken control of the Virtual Reality market with an ancient patent application.
Apple was granted a patent for a Gear VR-like mobile headset which would use a portable device (like a smartphone) as the primary display. more»
Samsung has bought US mobile wallet startup LoopPay, which is seen as an intention to launch a smartphone payments service.
Mobile payments have been slow to catch on in the United States and elsewhere, despite strong backing. Apple, Google, and eBay PayPal have all launched services to allow users to pay in stores via smartphones and the stores themselves are expected to release a new standard of their own. more»
If you own hard-drives made by Western Digital, Seagate, and Toshiba all your data could have been seen by US spooks.
According to Kaspersky Lab, the US National Security Agency figured out how to hide spying software deep within hard drives made by Western Digital, Seagate, Toshiba, IBM, Micron and Samsung. more»
The competition between LG and Samsung appears to have taken an ugly turn with the arrest of a senior LG manager on a charge of deliberately damaging Samsung products.
An LG Electronics spokeswoman confirmed on Sunday that Jo Seong-jin and two other employees have been indicted by local prosecutors. more»
If anyone wants to buy a second hand chipmaker, Freescale has indicated that it might be selling itself off.
According to the New York Post, Freescale has hired investment bankers to explore a possible sale, and it has an unnamed buyer in mind. more»
Shipments of DRAM aimed at the mobile market rose 27.8 percent in the fourth quarter of 2014, amounting to a value of over $3.6 billion.
That’s according to market intelligence company DRAM Exchange, which observed that mobile DRAM now accounts for 40 percent of all shipments of this memory type. more»
Sales of DRAM rose by 8.2 percent in the fourth quarter, bucking the usual pattern in the memory market.
DRAM Exchange, which tracks the memory market said manufacturers of devices migrated fast to 20 and 25 nanometre production, and the additional output meant quarterly revenues worldwide amounted to $13 billion. more»
Revenues for biometric identification to access computer systems will be worth as much as $13.8 million this year.
So said market intelligence company ABI Research.
Spending on biometric technology is because both consumer and enterprise segments are rapidly catching up with spending by governments. more»
A court case between Microsoft and Samsung over patent royalties appears to have sorted itself out.
Microsoft sued Samsung last year claiming the spy TV maker had breached a collaboration agreement by initially refusing to make royalty payments.
This was soon after Microsoft bought Nokia’s handset business in September 2013. more»
US tech giant Qualcomm may face a fine of as much as $1 billion after antitrust regulators decide on its future.
And it may also face sanctions that make it cut its royalties by a third.
Reuters reports that talks between Qualcomm and the authorities in China are close to reaching a conclusion. more»