Samsung
Taiwanese Economy can surpass South Korean Economy?
The Taiwanese companies have started leaving mainland China and are searching for new land for developing their roots looking for new production and development. Which could lead it to have more GDP than the top South Korean Companies.
According to the sources, Taiwan’s GDP per capita is expected to top 36000 US dollars this year, surpassing South Korea at 34,990 US dollars. International Monetary Fund (IMF) has released the data for Taiwan and said that there could be a rise of 6 percent in its GDP, which is more than that of South Korea.
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The Economic researcher has revealed that this could be due to South Korean companies’ dependency on their partners and conglomerates, which are advantageous in terms of the economy but are very slow in responding to the economic contraction.
The possible reason could be a delay in material supply. As we can see the global supply chain for raw materials is already affected and even the bigger companies are facing problems with the stagnant issues in the supply chain.
Taiwan is being benefited from the diversified supply chain. It is regularly boosting its efforts by the regular emphasis on technology, semiconductor technologies in particular. It also started implementing new business-friendly policies reassuring its goals and business development.
Looking at this global companies such as Microsoft and Intel have also increased their investment and exports from Taiwan in the past 9 to 10 years. According to a business research firm, the economic growth of Taiwan has been recorded highest in the world for both the years 2019 and 2020, despite the devastating COVID conditions.
While watching the current status of the global semiconductors industry, it seems to be much more favorable for Taiwan. But Samsung Electronics is also not behind and currently leading the global chip market with innovative chip production techniques and raising the bar to new heights.
TSMC’s market profit is more in chip-making but its global product share is less than that of Samsung, which is 30 percent larger than its competitors. These days the Taiwanese company is focusing more on automotive chips, and Samsung is also competing for more. It has started investing more in its new substrate production line with improved quality, quantity, and technology in the United States and more places.
If Samsung needs to grow further, it has to reassure its investors and increase its raw material sourcing grounds, and we can see it by the company’s latest step by shifting its main chip foundries away from mainland China to South East Asia.
However, it’s our opinion that Samsung needs to reshuffle and rebuild its investment strategies. What do you think about it? you can share your thoughts in the comments below.
Samsung Wallet is a secure app that helps Galaxy users store and manage digital items like payment methods, ID cards, and Digital Keys. Here you can check a list of Galaxy devices that support Samsung Wallet Digital Key feature.
Launched in June 2022, Samsung Wallet offers an easy-to-use interface, protected by Samsung Knox security, ensuring your information stays safe. One of the standout features of Samsung Wallet is the Digital Key, which lets you use your Galaxy phone to lock, unlock, and open your car’s trunk.
You no longer need to carry a physical key or even take your phone out of your pocket. The Digital Key works with Remote Keyless Entry (RKE) and ultra-wideband (UWB) technology to provide accurate and secure access to your vehicle.
Eligible Galaxy Devices for Samsung Wallet Digital Key
Samsung Wallet’s Digital Key is available on several Galaxy devices running Android 13 or later. These include:
Galaxy S series
- Galaxy S20 Ultra
- Galaxy S20+
- Galaxy S20
- Galaxy S21 Ultra
- Galaxy S21+
- Galaxy S21
- Galaxy S21 FE
- Galaxy S22 Ultra
- Galaxy S22+
- Galaxy S22
- Galaxy S23 Ultra
- Galaxy S23+
- Galaxy S23
- Galaxy S23 FE
- Galaxy S24 Ultra
- Galaxy S24+
- Galaxy S24
- Galaxy S24 FE
Galaxy Note series
- Galaxy Note 20 Ultra
- Galaxy Note 20
Galaxy Z series
- Galaxy Z Fold 2
- Galaxy Z Fold 3
- Galaxy Z Fold 4
- Galaxy Z Fold 5
- Galaxy Z Fold 6
- Galaxy Z Flip 5G
- Galaxy Z Flip 3
- Galaxy Z Flip 4
- Galaxy Z Flip 5
- Galaxy Z Flip 6
With these devices, you can enjoy the convenience and security of using Samsung Wallet’s Digital Key to access your vehicle.
Moreover, Samsung Wallet also makes it easy to share your Digital Key with friends or family. You can grant or revoke access to your car quickly, all through the app.
If you lose your phone, you can use Samsung’s Find service to lock or delete your Digital Key to ensure your car remains secure. To add extra protection, the app requires either biometric or PIN authentication before granting access to the Digital Key.
Samsung Galaxy S23 FE smartphone users are getting a fresh update with a November 2024 security patch. This update boosts system security and stability to provide a better experience.
November 2024 security update for Samsung Galaxy S23 FE smartphone arrives with One UI build version S711NKSU5BXK4. The update is currently rolling out in South Korea and will soon be available in more countries.
This fresh update is based on Android 14 and One UI 6. However, the devices is eligible for the next major One UI update, expected to get a One UI 7 stable update after the Galaxy S25 launch next year. It is not clear yet whether the device will get One UI 7 beta.
While Samsung is going to release One UI 7 Beta soon, it is important to make your Galaxy S23 FE smartphone ready for it. For that, you need to install the latest November 2024 security update on your smartphone.
Notably, the latest security patch addresses 52 vulnerabilities across Android and Samsung’s software. Google has resolved 38 high-priority issues, while one CVE is not relevant to Galaxy devices.
Additionally, Samsung’s patches include fixes for 13 vulnerabilities, primarily impacting user profiles, Dex Mode, Galaxy Watch, and certain system features like Settings and Maintenance Mode.
If you are using a Galaxy S23 FE smartphone, install the update now via Settings >> Software Update >> Download and Install.
Samsung has improved its Mobile Security Rewards Program by increasing the maximum reward amount to $1 million for security vulnerability reports from outside security experts. This change aims to encourage more collaboration and openness in mobile security, showing Samsung’s goal of keeping user data safe.
Since its launch in 2017, the program has introduced a new system for classifying security risks with Samsung Mobile Security Risk Classification. This system now offers clearer details about different types of vulnerabilities
Moreover, it includes new factors like the ability to lower a threat’s severity and a classification for threats considered to be minimal risks. Vulnerabilities are grouped into five levels – Critical, High, Moderate, Low, and Ineligible, which helps security researchers understand how serious each threat is.
The program applies to all Samsung mobile devices that receive monthly, quarterly, and biannual security updates. It also rewards reports of potential security issues in the latest Samsung Galaxy services, such as Bixby, Samsung Account, and Samsung Wallet, among others.
Samsung also commits to providing up to seven years of security updates for its mobile devices. The updated rewards program includes a special initiative called the Important Scenario Vulnerability Program, which addresses serious security issues, such as unauthorized access to data and harmful code execution.
In August 2024, Samsung released its first Annual Rewards Program Report to highlight its success since the program began. In 2023 alone, Samsung awarded over $800,000 to 113 researchers, with total payouts exceeding $4 million. This Mobile Security Rewards Program is effective immediately.