SEOUL (Reuters) – Samsung Electronics Co Ltd’s third-quarter profit likely jumped 58% to its highest in two years, beating analyst estimates as U.S. restrictions on China’s Huawei boosted the South Korean tech giant’s phone and chip sales.
U.S. action against Huawei Technologies Co Ltd has dampened demand for its phones outside of China, giving a leg up to Samsung, analysts said, while the Chinese firm also hurried to order more chips from Samsung after Washington moved to choke its access to commercially available chips from mid-September.
Samsung said on Thursday operating profit was likely 12.3 trillion won ($10.6 billion) for the three months ended September, well above a Refinitiv SmartEstimate of 10.5 trillion won. It would be the strongest result since 17.57 trillion won in the third quarter of 2018.
Revenue likely rose 6% from the same period a year earlier to 66 trillion won,
Samsung Electronics flagged a nearly 60 percent rise in third-quarter operating profits Thursday, largely driven by strong smartphone sales boosted by US sanctions against its rival Huawei.
The South Korean tech giant said in an earnings estimate that it expected operating profit to be 12.3 trillion won ($10.6 billion) for July to September, up from 7.8 trillion won in the same period last year.
The prediction was in line with analyst forecasts.
Samsung was projected to post around 10.3 trillion won ($8.9 billion) in third-quarter operating profit, according to market researcher FnGuide.
Samsung Electronics is crucial to South Korea’s economic health. It is the flagship subsidiary of the giant Samsung group, by far the largest of the family-controlled conglomerates known as chaebols that dominate business in the world’s 12th-largest economy.
Its overall turnover is equivalent to a fifth of the country’s gross domestic product.
Professor Steve Beeby from the University of Southampton has been awarded a prestigious Chair in Emerging Technologies to pioneer reliable e-textile systems that are invisible to the wearer.
The Electronics and Computer Science professor is one of just eight UK-based researchers to share £22 million of funding from the Royal Academy of Engineering.
The research will exploit printed active materials, flexible circuit technologies and textile engineering to integrate sensing, electronic and energy harvesting/storage functionality within a single textile.
Professor Beeby, Head of the Smart Electronic Materials and Systems (SEMS) group, says: We all come into contact with textiles every day of our lives – in our clothes, inside our homes and in our cars – which makes fabrics an ideal platform technology that can, for example, monitor our
Garmin ® International Inc., a unit of Garmin Ltd. (NASDAQ:GRMN), the world’s leading marine electronics manufacturer 1, today announced that it was named Manufacturer of the Year for the sixth consecutive year by members of the National Marine Electronics Association (NMEA) at its annual business meeting and awards presentation held virtually on Sept. 26. The coveted Manufacturer of the Year honor is given to the most recognized company in the marine electronics industry for excellence in product service and support in the field.
Garmin was also awarded four NMEA Product of Excellence awards in the multi-function display (MFD), autopilot, multi-media entertainment and mobile application—utility categories. These awards are voted on by professional NMEA dealers who specialize in installing marine electronics, qualified NMEA technicians and fellow marine electronics manufacturers.
“It’s a true honor to be the NMEA Manufacturer of the Year for six years running,” said
WASHINGTON – As was widely reported in July, the U.S. Air Force has decided to acquire many F-15EX jet fighter aircraft over the next several years. The F-15EX initially was expected to replace the elderly F-15 C/D, but the latest reports indicate that it also may replace the Air Force’s fleet of F-15E jet fighter-bombers. Kris Osborn at Warrior Maven reports. Continue reading original article
The Military & Aerospace Electronics take:
28 Sept. 2020 — Essentially, the F-15EX concept binds generations of technological innovation into the 1970-vintage F-15 airframe. The F-15EX uses the classic F-15 frame but incorporates a host of technological improvements developed over the course of the last thirty years.
Serial production of the F-15, driven largely by foreign sales in recent years, enables the integration of new technology and weapons and keeps the workforce and the manufacturing facilities fresh.
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