In Q2 2021, Samsung Electronics posted a 73 percent increase in net profit to about $8.37 billion (9.63 trillion won), and a revenue increase of 20 percent to 63.57 trillion won, both numbers surpassing analyst expectations. Although the South Korean company’s sales of smartphones was relatively weak, its semiconductors — used by Apple and Sony among others — were snapped up by Big Tech companies churning out PCs, servers and other devices requiring chipsets. Samsung’s chip division saw upticks in operating profit and revenue. Continue reading Samsung Profits, Revenues Climb with Semiconductor Sales

The Internet of Things and 5G are just two areas impacting self-driving and connectivity, said CTA senior director of government affairs Jamie Boone, who noted the sector’s public policy challenges. Verizon VP public policy Melissa Glidden Tye said that her company launched 5G in October 2018 and has “big plans for autonomous vehicles (AVs) and smart cities” this year. “5G has been dubbed the fourth Industrial Revolution,” she said. “Everything that can be connected will be.” Waymo just passed 10 million miles, another significant milestone. Continue reading CES Panel: Public Policy, Regulations for 5G and Self-Driving