Samsung Electronics reported a 73 percent jump in its fourth quarter net profit yesterday, setting a record for any three-month period, mainly driven by demand for its memory chips and display panels.
Samsung is keen to capitalise on the cryptocurrency boom. The chips known as Application-Specific Integrated Circuits (ASICs) are being specifically designed by Samsung to perfectly suit cryptocurrency mining. The more such investments are made, the more confidence people have in cryptocurrencies and just like with fiat currencies, the greater the value thereof since the demand for them also increases.
This year, processors, which are designed for bitcoin mining, were put on the market.
Samsung shares have soared today after the company revealed healthy Q4 and annual profit figures as well as a 50:1 stock split, the latter of which is created to increase investment.
The company says that a specific devision within its semiconductor business called Foundry will head up the project. The mobile division did not do as well in the fourth quarter, because it suffered a small operational loss, particularly because Samsung spent a lot more to market its smartphones.
Kwon Yong Choi, the vice president of Samsung's display unit, brushed off reports that it would be affected by Apple reducing its orders for the pointless iPhone X saying the screen business was not dependent on any one client.
Mining is a process of solving mathematically complex problems that serve to verify the transactions of cryptocurrency coins.
The ASICS market is dominated by China's Bitmain and Canaan Creative, both of which work with Taiwanese giant TSMC.
It might be 19 years before we get to see the next one because as of right now, Wednesday morning is expected to be a cloudy one. Maximum eclipse occurs at 6:29 a.m. and the lunar eclipse ends at 7:07 a.m. local time, with the moon setting 7 minutes later.
Alwaleed has courted controversy on occasion, suing Forbes for libel in 2013 after it said he was worth only $20 billion. Saudi Arabia is using cash recovered from officials and princes arrested in the crackdown to ease the pain of austerity.
Trump has repeatedly tweeted that the Justice Department has insufficiently investigated Hillary Clinton during the 2016 campaign. Trump wasn't done. " FBI Deputy Director Andrew McCabe is racing the clock to retire with full benefits".
The government will seek to use the exports to cement relationships with key countries in volatile regions like the Middle East. Turnbull's government has said it will undertake the "most comprehensive regeneration of our Navy since the Second World War".
Yet, despite being nominated for the night's top prize, Lorde was not asked to give a solo performance during the ceremony . TMZ reports she'll also be giving the Grammy's red carpet a miss this year, though she will attend the ceremony.
The Nobel laureate has been criticized by her own fellow Nobel prize winners for her seeming lack of sympathy for the Rohingya. Tingnan mo (Look at) the Rohingyas. "The United Nations has no objective for mankind as far as I am concerned".
Violence reportedly erupted on Sunday after forces loyal to the STC seized the government's headquarters in the coastal city. Aden residents claimed that the STC fighters overpowered Hadi's forces in central Aden's Crater and Tawahi districts.
While take a short look on price to sales ratio, that was 1.93 and price to earning ration of 27.28 attracting passive investors. Raab & Moskowitz Asset Mgmt Lc owns 0.1% invested in International Business Machines Corporation (NYSE: IBM ) for 1,389 shares.
All this led to a situation where people, including those who are not fans of Bhansali's extravagance, just wanted to watch the movie.
Android users can now tell Alexa to text someone
You'll need to open the Alexa app on your Android device and navigate to the " Conversations " tab. Customers can ask Alexa to send messages, and Alexa will figure out how to route it appropriately.
Jaguar's I-PACE EV has a Tesla-rivaling charge rate
One new feature of the auto which has been confirmed ahead of its March 1st launch is its rapid-charging capability. Jaguar is finally going to reveal the production version of the I-Pace concept at the Geneva Motor Show in March.
Leo, Suarez save Barca from Alaves setback
The France worldwide broke the deadlock with a tidy finish just after the hour-mark before hitting the frame of the goal again. But, after Ever Banega hit a post late on for the hosts, they were pegged back as Angel struck in the dying embers.
Something wonderful will happen with the moon on January 31
NASA says the super blue blood moon will be visible early Wednesday in Western Canada, so long as it's not obscured by clouds. The eclipse will be harder to see in the lightening pre-dawn sky, and the Moon will set after 7:00 a.m.as the Sun rises.
Australia wins men's, women's titles at Sydney Sevens
So dominant through their pool play and in Saturday's matches against Ireland and Canada, the Kiwis collapsed at the final hurdle. The Aussie women's team were equally brilliant in shutting out New Zealand 31-0 to make it an Australian double celebration.
Russian opposition leader detained at protest
Navalny is barred from standing in the election due a fraud conviction which he contests as politically motivated. The rally was called to protest the upcoming polls which are expected to extend President Putin's term to 2024.
Jawbone dated to earliest known modern human outside Africa
It's possible the remains belong not to ancestors of modern Homo sapiens , but to a population that later died off, he adds. Misliya "answers some questions but also throw ups new questions - the hallmark of all good science ", he added.