In case you missed it over the weekend, either because you disconnected from the Internet to enjoy the last few days of summer, or don't have a Facebook account, Neil Armstrong, the first man to set foot on the moon and who made "one giant leap for mankind," died at the age of 82. Armstrong passed away on Saturday, August 25 as a result of complications from cardiovascular procedures, his family said in a statement.
Samsung, the world's largest producer of memory chips, is planning to invest a whopping $4 billion in its Austin, Texas factory in order to renovate the facility and boost production of mobile chips used in smartphones and tablets, according to several reports. The investment is in addition to nearly $2 billion the company committed to spending on a new plant in South Korea last June.
Another pioneer in the field of PCs has passed away, adding to what seems like an unusually large number of deaths in the technology sector during the past year or so. This time it's Victor Poor, a mostly self-taught engineer who began working at Intel in 1969 and helped develop the chip maker's first single chip microprocessor later known as the 4004. A marvelous piece of silicon at the time, the 4004 was a 4-bit CPU that made use of new silicon gate technology.
A team of researchers in Singapore have come up with a full color printing method capable of producing the world's highest quality photos with a resolution of up to 100,000 dots per inch (DPI). The astounding achievement, as outlined in Nature Nanotechnology, could be used for making microimages for security purposes, stenography, nanoscale optical filters, and high-density spectrally encoded optical data storage.
Samsung wasted no time in sending a team of executives to one of its suppliers' factories in China to investigate claims that it may be using child labor. The in-house investigation is in rapid response to a China Labor Watch (CLW) report alleging to have found issues of underage workers and student labor exploitation at HEG, which builds mobile phones, DVDs, stereo equipment, and MP3 players for Samsung.
Samsung and Hynix, two of the world's largest NAND flash memory producers, are reportedly planning to scale back production in order to deal with an oversupply situation that is forcing prices down. Toshiba is said to have already slowed down its operations at one of its Japan plants for the very same reason, and now that the first domino has fallen, others are expected to follow suit.
San Jose's networking kingpin Cisco is planning to hand out about 1,300 pink slips, which equates to 2 percent of its workforce, as it attempts to cope with a sluggish global economy and flat sales. The latest round of layoffs come just one year after Cisco announced 6,500 job cuts, but reducing jobs is not a cure-all to Cisco's problems, nor is a weak economy the only thing the company has to worry about.
Apple late Tuesday announced financial results for its fiscal 2012 third quarter ended June 30, 2012, and the numbers are nothing short of obscene. All those iDevices, app sales, and other products and services combined to rake in an $8.8 billion profit on quarterly revenue of $35 billion, compared to $7.3 billion profit on $28.6 billion in revenue during the same quarter one year ago. Nonetheless, analysts collectively shrugged their shoulders and said, 'Meh, it could have been better.'
Imagine if the windows in your home or automobile weren't just windows, but transparent solar panels collecting light energy and converting it into electricity? Such a concept could have a monumental impact on future hybrid cars, and could potentially shave your monthly electricity bill. If transparent solar cells existed, of course. Well guess what? Not only do they exist, but researchers at UCLA say they've developed a new kind of transparent solar cell that's better than anything out there.
By all means, Intel was on top of its game in the second quarter of 2012. The Santa Clara chip maker reported quarterly revenue of $13.5 billion, operating income of $3.8 billion, and net income of $2.8 billion. Talk all you want about the PC sales slump, Intel still performed well, with its PC Client Group pulling in $8.7 billion in revenue, up 3 percent sequentially, along with its Data Center Group adding another $2.8 billion (up 14 percent sequentially). If the numbers are so strong, why is Wall Street on edge?