Samsung and Intel weather chip shortages hitting record sales January 27, 2022 Samsung and Intel recorded another quarter of record sales in the final three months of 2021, as both companies weather the supply chain storm. South Korean giant Samsung’s profit climbed 65.13 per cent from the previous year, reflecting the expanded sales of premium smartphones, including foldable phones, as well as TVs and home appliances. Operating [...]
Omicron pushing US Fed into action January 26, 2022 Stagflationary risks are rising as Covid variant extends disruption and central bank steps up to bring inflation under control. US inflation hit its highest level since 1982 at the end of 2021, with the consumer price index (CPI) reaching 7% year-on-year. The figures were widely anticipated, but only add to pressure on the US Federal [...]
Could a green DAO allow blockchain to be used for climate action? January 26, 2022 Dr Jane Thomason asks if we use blockchain tools to collaborate on a global scale to address climate action?
LG and General Motors team up to build new $2.1bn battery plant in the US January 25, 2022 LG Chem has announced that its energy division will join forces with General Motors to build a $2.1bn battery plant in the US.
Samsung axes ad showing Muslim mum supporting her drag queen son after public backlash January 21, 2022 Samsung has removed an ad which showed a Muslim mother expressing support for her drag queen son, after public backlash across Singapore.
Chip industry revenue tops $500bn for the first time amid roaring demand January 19, 2022 Revenue in the global chip industry soared 25 per cent last year, exceeding an eyewatering $500bn for the first time on record, according to new data. A combination of strong demand amid a short supply and the inflation of raw material costs has pushed up the average selling price for semiconductors, Stamford-based research services company [...]
Ericsson sues Apple for 5G wireless patents in iPhones January 18, 2022 Ericsson has filed another set of patent infringement lawsuits against Apple in the latest salvo between the two companies over royalty payment for use of 5G wireless patents in iPhones.
Three great companies that are hiring right now January 13, 2022 If you’re planning to change jobs in 2022, then you have certainly come to the right place. Our lovely job board is set to be bursting with amazing opportunities this year, and we’re excited to share them with you! This week, we’re shining a bit of a spotlight on some of the brilliant companies that [...]
Letters: When the chips are up January 12, 2022 [Re: Samsung estimates 52 per cent profit boost as demand for chips rockets, January 7] Last week, Samsung reported a 52 per cent increase in profits for the end of 2021. The tech giant estimated that it made 13.8tn won (£8.5bn) in the period, thanks to strong demand for server memory chips and higher profit [...]
Battery giant LG Energy attracts £59bn in IPO bids as it looks to triple capacity January 11, 2022 South Korean battery maker LG Energy Solution's $10.7bn (£7.9bn) initial public offering (IPO) has received bids worth around $80bn (£59bn) from institutional investors, two sources with direct knowledge of the deal said.