Samsung Electronics set the bar in embracing new 5G network technology
The South Korea-based technology giants, Samsung Electronics, are set to become the first company to welcome new 5G network technology, The Investor reports.
The firm will embrace the new era of fifth-generation network systems with equipment that is said to “sit above the competition.”
At a press conference on Friday, Kim Young-ki, head of Samsung Electronics’ network business division, stated: “Right now, Samsung is really becoming a ‘first-mover’ in 5G, a technology that will bring new value to the world.”
“Samsung is an attractive equipment vendor for telecommunication companies working to successfully deploy fifth-generation services worldwide.”
Kim Young-ki also announced that by 2020, Samsung would aim to control 20% of the global 5G equipment market.
By enabling the new 5G network, 28 Gigahertz will be required in order to meet the networks demands. This is in addition to 800 megahertz of bandwidth that will be utilised in order to receive the maximum speed of 10 gigabytes per second.
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Samsung used Multi-Input Multi-Output technologies through radio frequency to create and form the basis of 5G without the necessity of buying more spectrum or adding new base stations.
The multinational conglomerate used a total of 1,024 antennas to complete the process.
“A technology that can handle a bandwidth as wide as this and achieve a throughput of 10 Gbps is what should truly be considered as 5G technology,” Kim Young-ki confirmed.
“And it’s important to note that this is a technology that is not undergoing tests, but is set for (imminent) commercialization.”
Korea anticipates a nationwide 5G network to be in operation by March 2019.
IMF: Variants Can Still Hurt Manufacturing Recovery
After a year of on-and-off manufacturing in the US, UK, and the eurozone, demand for goods surged early last week. Factories set growth records in April and May, suppliers started to recover, and US crude hit its highest price point since pre-COVID. As vaccination efforts immunise much of the US and UK populations, manufacturers are now able to fully ramp up their supply chains. In fact, GDP growth could approach double-digits by 2022.
Now, the ISM productivity measure has surpassed the 50-point mark that separates industry expansion from contraction. Since U.S. president Biden passed his US$1.9tn stimulus package and the UK purchasing managers index (PMI) increased to 65.6, both sides of the Atlantic are facing a much-welcomed manufacturing recovery.
Lingering Concerns Over COVID
Even as Spain, France, Italy, and Germany race to catch up, and mining companies pushed the FTSE 100 index of list shares to a monthly high of 7,129, some say that UK and US markets still suffer from a lack of confidence in raw material supplies. Yes, the Dow Jones has made up its 19,173-point crash of March 2020, and MSCI’s global stock index is at an all-time high.
Yet manufacturers around the world realise that these wins will be short-lived until pandemic supply chain bottlenecks are solved. If we keep the status quo, consumers will pay the price. In April, inflation in Germany reached 2.4%, and across the EU’s 19 member countries, overall prices have increased at an unusual pace. Some ask: Is this true recovery?
IMF: Current Boom Could Falter
Even as Elon Musk tweeted about chip shortages forcing Tesla to raise its prices, UK mining demand skyrocketed; housing markets lifted; and the pound sterling gained value. The International Monetary Fund (IMF), however, cautioned that manufacturing recovery won’t last long if COVID mutates into forms our vaccinations can’t touch. Kristalina Georgieva, Washington’s IMF director, noted that fewer than 1% of African citizens have been vaccinated: “Worldwide access to vaccines offers the best hope for stopping the coronavirus pandemic, saving lives, and securing a broad-based economic recovery”.
Across the globe, manufacturing companies are keeping a watchful eye on new developments in the spread of COVID. Though US FDA officials don’t think we’ll have to “start at square one” with new vaccines, the March 2021 World Economic Outlook states that “high uncertainty” surrounds the projected 6% global growth. Continued manufacturing success will in large part depend on “the path of the pandemic, the effectiveness of policy support, and the evolution of financial conditions”.
Mathias Cormann, secretary-general of the Organisation for Economic Co-Operation and Development (OECD) concurred—without global immunisation, the estimated economic boom expected by 2025 could go kaput. “We need to...pursue an all-out effort to reach the entire world population”, Australia’s finance minister added. US$50bn to end COVID across the world, they imply, is a small investment to restart our economies.