The huge investment announcement in our computer technology news follows repeated calls from new South Korean President Moon Jae-in for big businesses to invest more domestically as part of a wider job-creation agenda. Samsung said its plan could open up to 440,000 roles by 2021.
The initiative, which is a partnership with Swiss fintech company Smartlink and POS & payment tech provider Ingenico, is aimed at expanding access to contactless payments beyond owners of NFC-enabled smartphones, and even to people who don’t have bank accounts — via a tiny NFC chip that can be embedded into a range of devices and form factors.
The $18.6 billion investment is expected to extend its lead in memory chips and next-generation smartphone displays, in a plan that promises to create almost half a million jobs.
The computer technology news announcement is also likely to alleviate shareholder fears of major decisions being delayed in the absence of Vice Chairman Jay Y. Lee. The leader of Samsung Group [SAGR.UL] is on trial charged with bribing former president Park Geun-hye for political favors.
Computer technology news also learnt that under its latest spending plan, Samsung will put 14.4 trillion won into its new NAND factory in Pyeongtaek by 2021. It will invest 6 trillion won in a new semiconductor production line in Hwaseong, but did not elaborate on timing or product.
Samsung’s NFC director Jörg Suchy suggests the chip could be embedded into clothing in future — so you could pay with your sleeve, for example. “Samsung is looking for other wearable manufacturers to get on board and ‘payment-enable’ their devices to make them more attractive to customers,” he said.
The $18.6 billion samsung chip investment has been announced and is expected to extend lead in memory chips & next-generation smartphone
— The Telegraff News (@omilosimon) July 16, 2017
“The beauty of the CCP is that wearable manufacturers don’t have to significantly change the design of their devices to incorporate the technology — it’s a case of inserting the tiny chip to enable the device for payment,” Suchy added.
Chipped devices are managed via a smartphone app, where they can be linked to a bank account and credit cards. But they could also potentially be topped up via other methods, including with cash, as part of the mission to widen access to contactless tech. The idea with cash would be the owner of a CCP device takes it into a shop and hands over cash to load onto it (in the same way that London’s contactless Oyster travelcard can function, for example).
Intel has been the world’s biggest chipmaker by revenue since January of 1993, when sales of its 386 and 486 processors helped it surpass Japanese companies like NEC and Toshiba. The release of the first Pentium CPU later that year and the proliferation of Windows 95 and 98-powered PCs over the next decade helped keep Intel on top. But a new report by IC Insights suggests that Intel might not be at the top of the heap anymore.
Samsung is now positioning itself at the top not only because of increased demand for RAM and flash memory, but also because of an ongoing NAND shortage which is keeping prices high.
Still on computer technology news, Samsung says that on top of the RAM business, it’s also seeing solid demand for 14nm SoCs, image sensors, and other smartphone chips. The company expects its new 10nm process to keep the business growing. Samsung manufactures its own ExynosSoCs as well as some of Qualcomm’s Snapdragon chips and some of the A-series chips Apple uses across its iPhone, iPad, iPod, and Apple TV lineups.