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Samsung surge 930%
Samsung Electronics said on Tuesday that its operating profit surged more than 930% in the first quarter of 2024, driven by soaring demand for its servers, memory chips and storage used in AI applications.
The company, which struggled in 2023 as the macroeconomic slowdown hurt demand for its products, said its memory chip business returned to profitability, and prices continued to rise thanks to solid demand for DRAM and NAND chips, high-density SSDs and servers.
#samsung #DemCryptoPLUG #write2earnđđč
Samsung Electronics said on Tuesday that its operating profit surged more than 930% in the first quarter of 2024, driven by soaring demand for its servers, memory chips and storage used in AI applications.
The company, which struggled in 2023 as the macroeconomic slowdown hurt demand for its products, said its memory chip business returned to profitability, and prices continued to rise thanks to solid demand for DRAM and NAND chips, high-density SSDs and servers.
#samsung #DemCryptoPLUG #write2earnđđč
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**Samsung Interested in Cosmos Ecosystem? Possibilities and Ripple Effects**
According to recent reports from Korean media outlet Hankyoreh and other sources, there are rumors that Samsung Electronics is interested in the Cosmos ecosystem and its cryptocurrency, ATOM. This appears to be the result of Samsung Electronicsâ attention to Cosmosâ core technology and interoperability in the process of exploring new strategic business models utilizing existing blockchain technology.
### **Strengths of the Cosmos Ecosystem**
Cosmos aims to achieve interoperability between various blockchains, which significantly improves the scalability and efficiency of blockchains. In particular, technical tools such as the Cosmos SDK and Tendermint Core help blockchain developers build and integrate individual projects more easily. In addition, the IBC (Inter-Blockchain Communication) protocol is considered a key technology that enables secure transfer of assets and data between blockchains.
### **Background of Samsungâs Potential Interest**
Samsung has already shown interest in blockchain technology and has integrated a cryptocurrency wallet and blockchain ID solution into its Galaxy devices. In this context, the high scalability and interoperability provided by the Cosmos ecosystem can be an attractive option for Samsung to expand its blockchain and Web3 business models.
### **Future Outlook**
Currently, the Cosmos ecosystem is collaborating with over 100 blockchain projects, and is pursuing a large-scale roadmap for 2024, including technology expansion through IBC, ZK rollup integration, and modular blockchain development. These technological advancements will act as factors that increase the possibility of large companies like Samsung choosing this ecosystem.
#Samsung #ATOM
According to recent reports from Korean media outlet Hankyoreh and other sources, there are rumors that Samsung Electronics is interested in the Cosmos ecosystem and its cryptocurrency, ATOM. This appears to be the result of Samsung Electronicsâ attention to Cosmosâ core technology and interoperability in the process of exploring new strategic business models utilizing existing blockchain technology.
### **Strengths of the Cosmos Ecosystem**
Cosmos aims to achieve interoperability between various blockchains, which significantly improves the scalability and efficiency of blockchains. In particular, technical tools such as the Cosmos SDK and Tendermint Core help blockchain developers build and integrate individual projects more easily. In addition, the IBC (Inter-Blockchain Communication) protocol is considered a key technology that enables secure transfer of assets and data between blockchains.
### **Background of Samsungâs Potential Interest**
Samsung has already shown interest in blockchain technology and has integrated a cryptocurrency wallet and blockchain ID solution into its Galaxy devices. In this context, the high scalability and interoperability provided by the Cosmos ecosystem can be an attractive option for Samsung to expand its blockchain and Web3 business models.
### **Future Outlook**
Currently, the Cosmos ecosystem is collaborating with over 100 blockchain projects, and is pursuing a large-scale roadmap for 2024, including technology expansion through IBC, ZK rollup integration, and modular blockchain development. These technological advancements will act as factors that increase the possibility of large companies like Samsung choosing this ecosystem.
#Samsung #ATOM
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$HBAR #Samsung #ubsoft #ibm
Many companies need systems capable of supporting new technologies. $HBAR ar could be #Microsoft 's new acquisition for apps and software of the future
Many companies need systems capable of supporting new technologies. $HBAR ar could be #Microsoft 's new acquisition for apps and software of the future