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Published on : Oct 13, 2014

Looking to revive its original fame and success story, Samsung Electronics has stated that it has developed a new Wi-Fi technology which has the capacity of increasing data speed by five times. This speed is more than the maximum data transmission rate of any consumer electronic device.

Based on a statement issued by Samsung Electronics, the new 60 GHz Wi-Fi technology is known to allow a 1GB movie to be transferred from one device to another in not more three seconds. The technology will also allow simultaneous uncompressed HD videos to be streamed in real time. Tests have shown that the technology developed by the South Korea-based electronics company actually exhibits data speeds that are over 10 times faster than current Wi-Fi technologies and this 60 GHz Wi-Fi innovation bridges the gap between theoretical data transfer speeds and real speeds. 

This technology is reportedly the first of many more to come, as stated by Samsung’s head of Research and Development Centre, Kim Chang Yong. He has said that there are many innovative and technological changes in the pipeline and these new opportunities will restore Samsung’s position amidst stiff competition.

There has been growing competition from rival electronics giants such as Apple Inc. and many Chinese phone makers. Only last week, Samsung reported a 60% drop in its quarterly operating profits due to its abysmal performance on the smartphone front. The South Korean company also announced its plans to invest US$14.5 billion in a semiconductor chips plant. The semiconductor business is another division that the company intends to focus on in order to return to its original position in the market.