Samsung braces for biggest profit slump in years as consumer tech demand dries up October 6, 2022 Samsung Electronics could be swallowing its biggest profit slump in nearly three years in the third quarter, as a global economic crunch weighs on demand for consumer tech. The Korean technology giant may have had its profit dwindle by 25 per cent to $8.3bn (£7.3bn) in the three months to September, according to analysis by [...]
Samsung to double production capacity of advanced chips by 2027 October 4, 2022 Samsung Electronics has announced that it will double the production capacity for advanced chips by 2027, as the world goes continues to wrestle with a tight supply. The Korean chipmaker is looking to capitalise on the strong demand for computer chips, which are used in most of today’s technology – from smartphones to cars. “There [...]
Binance unveils global advisory board, chaired by former US Senator September 22, 2022 Binance has created a new global advisory board (GAB), comprised of experts in public policy, finance, economics, and corporate governance.
Making Bitcoin energy efficient will take time, but it will be worth the wait September 13, 2022 Viktor Prokopenya, executive director of VP Capital and renowned analyst, reveals his optimism over the reputation of crypto mining.
UK chips strategy must lure investment, says Dell executive September 9, 2022 The UK’s semiconductor strategy must make the country a more attractive destination for investment, a Dell executive has told City A.M. “We would like a business friendly, technology friendly environment, where it’s easier for us to invest more and its easy for us to see opportunities for us to make a positive difference,” Adrian McDonald, president for Europe, [...]
When the chips are down: Samsung boss warns of weakening demand September 7, 2022 The global semiconductor industry may take a turn for the worse after years of steadily rising demand, the CEO of Samsung Electronics has warned. Semiconductors, or computer chips, are used in most of today’s technology and are a critical component in electric vehicles. “The second half of this year looks bad, and as of now, [...]
Amid ‘hostile takeover’ bid M&C Saatchi reports 52 per cent profit increase before tax September 7, 2022 Advertising giant M&C Saatchi reported a near 10 per cent increase in revenue and 52 per cent rise in profit before tax from last year, despite the ongoing drama of its hostile takeover. The London-listed creative company increased its headline operating profit margin by 14 per cent. M&C Saatchi had almost £40m in net cash, [...]
The importance of building a brand in the metaverse September 6, 2022 Charles Stanton, CMO of Forj, sets out the case for why you need to get involved in the metaverse before it's too late.
British tech firm Nanoco considers further Samsung lawsuits in UK and China September 4, 2022 Manchester-based Nanoco is considering further lawsuits in the UK and China as the battle with electronics giant Samsung continues to heat up. The London-listed firm argues that Samsung used its quantum dot technology in its QLED TV without Nanoco’s permission, claiming an infringement of copyright. US regulator the Patent Trial and Appeal Board ruled in [...]
Google ploughs $1.5 billion into crypto and blockchain companies August 21, 2022 Google has been quietly shovelling a massive $1.5 billion into cryptocurrency and blockchain companies for almost a year.