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".
Samsung is making sure it doesn't miss out on the cryptocurrency craze.
Mining computers like this one use specialized chips to run complex equations used to authenticate cryptocurrency transactions. Those computers increasingly require more efficient chips to power them.
This year, processors, which are designed for bitcoin mining, were put on the market. This created a trend on the market where miners started to move from normal integrated graphics cards to using GPUs designed for gaming.
As well as becoming the world's most prolific chip manufacturer, Samsung is forecasting high demand for its upcoming Galaxy S9 flagship smartphone, due to be unveiled at the end of February. Bitcoin is now trading near $10,000, almost 10 times its price this time a year ago.
A stock split is a decision by a company's board of directors to increase the number of shares that are outstanding by issuing more shares to current shareholders.
Semiconductors were the main driver of growth, as Samsung said that its memory business that manufactures DRAM and NAND, as orders for high-performance memory products for servers and mobile storage, witnessed strong demand.
Right now, it's unclear how exactly Samsung will be going about this, but reports from Korean media suggests that the company will be working with Taiwanese firm TSMC.
The company's involvement in mining can lead up to serious competition for the existing industry leaders.
Samsung recently surged ahead of Intel as the world's largest chipmaker by revenue, despite the latter's record revenue posting for 2017.
Given how useful specific GPUs are when it comes to cryptocurrency mining, many high-end PC graphics cards are hard to hunt down right now, or have skyrocketed in cost.
Reports indicate that in December 2017, Samsung inked a deal with Russian based bitcoin miner, Baikal, to supply ASICs.
Out of 3 Wall Street analysts rating PacWest Bancorp, 2 give it "Buy", 0 "Sell" rating, while 1 recommend "Hold". Moreover, Salem Inv Counselors has 0.02% invested in Royal Caribbean Cruises Ltd. (NYSE:RCL) for 1,235 shares.
The consequences extend off the court. "We're already limited with our bigs right now", James said about the Love injury. Miami know what they will get from Dragic on a nightly basis, while Thomas' contributions are a little more uncertain.
Mr Kono's trip to China was the first by a Japanese foreign minister since his predecessor Fumio Kishida visited in April 2016. Tokyo and Beijing have been mired in a territorial row over the Senkakus, called Diaoyu in China, for years.
The Ankara Chief Public Prosecutor's Office issued detention warrants for the 11 members of the council early on January 30. Turkey considers the YPG to be a terrorist group and fears the empowerment of Syria's Kurds could be contagious.
The 29-year-old would cost around £20million, though Leicester may be prepared to loan him with an obligation to buy. Slimani will join the club on loan until the end of the season that may contain a buy-out clause.
And he did it on the back of a tough stance against immigration and courtship of closer ties with Russian Federation and China . The Czech constitution gives presidents limited executive powers, but President Zeman has not hesitated to test the boundaries.
McKnight went on to play at the University of Southern California before being drafted in 2010 by NY , where he played until 2012. Assistant District Attorney Seth Shute told reporters Gasser faced a possible prison term of up to 40 years when he is sentenced.
The casino operator reported $1.40 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.33 by $0.07. ILLEGAL ACTIVITY NOTICE: This news story was originally published by Week Herald and is the property of of Week Herald.
That's roughly twice global consumer spending on apps and in the Play store, which reached $5.5 billion with annual growth of 20%. Machine learning enabled Google to eliminate 99 percent of apps with abusive content before anyone was able to download them.
Security forces have been deployed in strength at strategic locations in the city to prevent terrorists from moving around. He said police would question the suspect and talk to sister agencies to get the facts.
Alexa Can Send SMS Messages Now
Other voice assistants like Apple's Siri and Google Assistant can send SMS texts from iOS and Android smartphones. In order to use the SMS feature, one needs to follow the instructions which appear on a pop-up in the Alexa app .
Pistons make blockbuster deal, trade for Griffin
Reed , 6-11, is in his third season out of Saint Louis, averaging 4.9 points and 3.1 rebounds in 39 games, including five starts. Making matters worse, prior to signing the contract, the Clippers had wooed Griffin with an elaborate and cringe-worthy pitch .
Russian Opposition Leader arrested after political protest
Alexei Navalny called for demonstrations ahead of the country's forthcoming presidential election - which take place in March. One group of protesters walked several kilometres and reached the government headquarters as police watched on.
U.S. shutdown over, new deadline looms
Lindsey Graham, R-S.C., who was working to bring together a new bipartisan group of senators to reach an agreement. Another 14% in each party would allow illegal immigrants to stay in the USA but not have a path to citizenship.