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GlobalFoundries Lawsuits Could Impact Apple, Cisco, NVIDIA, Qualcomm and others

In Technology News by Shelly KramerLeave a Comment

GlobalFoundries’ lawsuits alleging patent infringement could impact Apple, Cisco, NVIDIA, Qualcomm, and other major technology brands in a big way. GlobalFoundries asserts that the company has invested heavily in both American and European semiconductor industries and that these lawsuits are aimed at protecting those investments and to “safeguard the American manufacturing base.” A not-surprising tactic in today’s nationalistic political climate. One thing is for certain, GlobalFoundries has certainly managed to garner the immediate attention of legal teams at major tech companies around the world. Now, we, and a whole lot of technology giants, wait to see what happens next.

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Samsung 2Q Earnings In — Profits Down More than 50 Percent

In Technology News by Daniel NewmanLeave a Comment

Samsung 2Q earnings are in. While profits are down more than 50%, I still believe that Samsung is well-positioned for a bounce back as memory numbers stabilize. I also think it is important to note that despite the street’s outspoken criticism of the company’s performance, they did still make a profit of over 6.5 trillion Korean won (5.3 Billion USD), slightly better than an industry estimate of 6 trillion won.