Page 12 - Wayne Lam News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Provided by Dow Jones By Elizabeth Koh SEOUL -- Samsung Electronics Co. reported a 26% boost in its fourth-quarter net profit Thursday, as the world's largest maker of smartphones and memory chips continues to ride sustained demand for its products amid the coronavirus pandemic. But the South Korean tech giant faces extra challenges as it enters a new year. Beyond the pandemic, the company is contending with its de facto leader Lee Jae-yong being back behind bars. And its rivals, for handsets and semiconductors, are consolidating and getting larger. Samsun...

Pat Gelsinger has a massive task ahead of him when he takes over as Intel CEO next month.

Tech analyst Avi Greengart of Techsponential pointed to MediaTek’s action in low- and mid-range 5G smartphones. “5G has been driving phone upgrades in China this cycle, and MediaTek has been powering the lower and middle range 5G offerings of Chinese brands that make up the bulk of sales,” Greengart told Fierce via email. “Qualcomm is still well positioned in the market overall – especially in the U.S., where Verizon’s mmWave requirements and legacy technical requirements favor Qualcomm’s chips – but MediaTek has certainly made the most of this generational opportunity.” As ...