Samsung is planning to expand the use of their 7th gen V-NAND chip solutions. It is planning to launch a new SSD based on its 7th gen V-NAND tech, which claims to have the smallest cell size in the industry. This will help in multitasking huge workloads, such as simultaneous 3D modeling and video editing. Samsung is the largest NAND flash vendor with a 33.5% revenue share in Q1. They had a business of $4.97bn in the period which was 7% more than last quarter.
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Samsung has announced the launch of the first-ever Zoned namespace SSD targeting enterprise servers. PM1731a is the new SSD that features a 2.5-inch form factor, dual ports, and will be available with either 2TB or 4TB storage. It is made using Samsung’s 6th-gen V-NAND. Data with similar frequency and access type in ZNS is stored in the same zone. The new SSD can achieve a write amplification factor and has a 4x lifespan.
Samsung R&D Institute Bangalore has partnered with Shrimad Rajchandra Sarvamangal Trust to donate 14,000 medical kits, 24 oxygen concentrators, and 150 oxygen cylinders to the Karnataka govt. These concentrators have been imported from South Korea. 10 more oxygen concentrators were given to the Karnataka govt. Earlier, Samsung had committed to donating $5mn including 100 oxygen concentrators, 3000 oxygen cylinders, and 1 mn LSD syringes.
Samsung said that it will be extending support to blockchain users trading virtual assets on Galaxy devices. The decision has come at a time when Cryptocurrency’s popularity and valuation are at an all-time high. Samsung users will be able to easily manage their virtual assets by storing them in the Galaxy smartphone blockchain wallet. The wallets are protected by its defense-grade Knox security platform. It will also provide news from CoinDesk.
Samsung and SK Hynix will invest up to 510 tril won into semiconductor research and production in 10 years. They will be among the 153 firms in the country to support the 10-year plan. SK plans to build a K-semiconductor belt that runs deep into Seoul and brings together chip designers, manufacturers, and suppliers. SK wants to train 36,000 chip experts and invest 1.5 tril won for R&D. South Korea, with its $450 bn plan, aims to join China and the US in a global race.
Samsung, to have shared growth, will share more of its royalty-free tech with smaller companies. Samsung’s 505 cases of technology to be shared include 213 mobiles and 68 semiconductor patents. South Korea’s Ministry of trade, industry, and energy said this sharing of technology will help smaller and medium-sized companies overcome losses due to covid-19. Earlier, chipmaker SK hynic shared 75 techs with 53 SMEes under the program.
Samsung is building a web panel access to its home platforms SmartThings. At present SmartThings, one of the oldest smart home platforms which are still actively supported is accessible via Android and iOS mobile apps only. Samsung started the development on a web panel for SmartThings in May 2019, which was closed down in the same year. The web app project was “running into shifting requirements from legal and security teams”.
Apple, led by the success of the iPhone 12 series and demand spill-over, captured 42 % of the market size (by value) in the global smartphone market. Its revenue hit a record $113 bn for the first time in the quarter ending March, said Counterpoint Research. Samsung remained at the top spot as the world’s biggest OEM (by volume) with shipments reaching 76.8 mn units in the period. Global shipments grew 20 % YoY, reaching 354 mn units, said Senior Analyst, Harmeet Singh Walia.
Samsung heir Lee Jae-yong and family will pay around $10.8 bn in taxes related to inheritance. The family of late Samsung chairman Lee Kun-hee plans to pay the amount in full in six installments over the period of five years, as the deadline to file the tax return will end this Friday. South Korea charges around 60% for inherited shares for large shareholders. Lee Kun-hee ‘s estate includes shareholdings in Samsung Electronics, Samsung Life, Samsung C&T, and real estate.
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