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Samsung’s semiconductor business is booming, with the company recently overtaking Intel as the world’s biggest chipmaker . But the South Korean firm is not resting on its laurels, and is currently looking to expand into the buzziest contemporary market for processors: cryptocurrency mining. As reported by TechCrunch , Samsung has confirmed it’s in the process of making hardware specially designed for mining cryptocurrencies like Bitcoin and Ethereum. A spokesperson for the firm told TechCrunch : “Samsung’s foundry business is currently engaged in the manufacturing of cryptocurrency mining chips. However we are unable to disclose further details regarding our customers.” These chips are known as ASICs, or application-specific integrated... Continue reading… from The Verge - All Posts http://ift.tt/2ns4OQk via IFTTT

Samsung says foldable OLED displays and Bixby will help drive the company’s growth this year in its Q4 earnings report released today. The company said it would adopt innovative technology like foldable OLED screens to further distinguish itself from competitors. Samsung also says it will enter new businesses related to AI and smart devices through an expansion of its much-maligned Bixby voice assistant technology. Phones that unfold into seamless full-screen tablets have been long rumored, with numerous patents filed by different phone manufacturers including LG, Microsoft, and Samsung. But, there haven’t been any due to the lack of folding displays. Samsung has previously said it hopes to introduce a foldable phone sometime this year,... Continue reading… from The Verge - All Posts http://ift.tt/2rUYu9z via IFTTT

Thomson Reuters ISTANBUL (Reuters) - Two rockets fired from the Syrian region of Afrin struck the Turkish border town of Reyhanli and killed one person, the state-run Anadolu agency said on Wednesday. Rockets hit two houses and killed one 17-year-old and wounded another person, Anadolu said. The missile attacks were believed to be carried out by members of Kurdistan Workers' Party (PKK) and Syrian Kurdish fighters, it said. See the rest of the story at Business Insider NOW WATCH: What happens to your body when you start exercising regularly See Also: France's Macron warns Turkey that its military campaign in Syria could become a 'real problem' The US says it won't withdraw troops from a northern Syrian town despite Turkey's warning Turkey detains 311 over anti-war social media posts as air offensive against Syrian Kurds rages on SEE ALSO:  The US just changed course in Syria — and could now look to confront Iran from Feedburner http://ift.tt/...

David Ramos/Getty Images Samsung posted a record $50.2 billion (£35.4 billion) profit in 2017. The crypto boom has increased demand for chips. The company's mobile division, on the other hand, saw a 3% decline year-over-year, with profits stopping at $2.25 billion (£1.6 billion). The company also announced its first stock split. Samsung Electronics Co Ltd announced on Wednesday its first stock split and said it expects demand for semiconductors to remain strong in 2018, as it posted record annual profit driven by a so-called memory chip "super-cycle." The tech giant's stock split is the latest in a series of moves to bolster shareholder returns, including 5.8 trillion won ($5.4 billion/£3.8 billion) in annual dividends and 9.2 trillion won in share buybacks and cancellations in 2017. See the rest of the story at Business Insider NOW WATCH: North Korea's leader Kim Jong Un is 34 — here's how he became one of the world's scariest dictators See ...

BI Intelligence This is a preview of a research report from BI Intelligence, Business Insider's premium research service. To learn more about BI Intelligence, click here. Fintech hubs — cities where startups, talent, and funding congregate — are proliferating globally in tandem with ongoing disruption in financial services.  These hubs are all vying to become established fintech centers in their own right, and want to contribute to the broader financial services ecosystem of the future. Their success depends on a variety of factors, including access to funding and talent, as well as the approach of relevant regulators. See the rest of the story at Business Insider See Also: Governments speak out about cryptocurrency Crypto repos could hit the market in 2018 Nordic banking giant Nordea bans employees from trading cryptocurrencies from Feedburner http://ift.tt/2z8DOxB via IFTTT

 Asana, the productivity and collaboration service, is getting a major infusion of cash after Generation Investment Management, a London-based firm backed by former U.S. Vice President Al Gore, led a $75 million investment. Investment Management was joined in this Series D round by existing backers 8VC, Founders Fund, Y Combinator President Sam Altman who also participated in the round.… Read More from TechCrunch http://ift.tt/2DQZA7V via IFTTT

 Fresh from toppling Intel as the planet’s biggest seller of chipsets, Samsung has confirmed that it has begun manufacturing ASIC chips which are used to mine bitcoin, ether and other cryptocurrencies. “Samsung’s foundry business is currently engaged in the manufacturing of cryptocurrency mining chips. However we are unable to disclose further details regarding our… Read More from TechCrunch http://ift.tt/2nu4OQ1 via IFTTT