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		<title>Samsung Just Raised Chip Prices 15% — A Sign the AI Boom Has Outgrown What Factories Can Actually Build</title>
		<link>https://timestabloid.com/samsung-just-raised-chip-prices-15-a-sign-the-ai-boom/</link>
		
		<dc:creator><![CDATA[Solomon Odunayo]]></dc:creator>
		<pubDate>Thu, 20 Aug 2026 04:00:22 +0000</pubDate>
				<category><![CDATA[Artificial Intelligence (AI)]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[AI]]></category>
		<category><![CDATA[Samsung]]></category>
		<guid isPermaLink="false">https://timestabloid.com/?p=109727</guid>

					<description><![CDATA[<p>For years, Samsung&#8217;s foundry business has been the perennial second-place finisher chasing TSMC&#8217;s dominance in contract chipmaking. This week&#8217;s price hike suggests that dynamic may finally be shifting in Samsung&#8217;s favor — not because Samsung got dramatically better, but because AI demand has gotten dramatically bigger than the industry&#8217;s total capacity to meet it. What [&#8230;]</p>
<p>The post <a href="https://timestabloid.com/samsung-just-raised-chip-prices-15-a-sign-the-ai-boom/">Samsung Just Raised Chip Prices 15% — A Sign the AI Boom Has Outgrown What Factories Can Actually Build</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>For years, Samsung&#8217;s foundry business has been the perennial second-place finisher chasing TSMC&#8217;s dominance in contract chipmaking. This week&#8217;s price hike suggests that dynamic may finally be shifting in Samsung&#8217;s favor — not because Samsung got dramatically better, but because AI demand has gotten dramatically bigger than the industry&#8217;s total capacity to meet it.</p>
<h2><strong>What Changed</strong></h2>
<p>Samsung Electronics raised prices on some of its most advanced contract chipmaking services by up to 15% for new orders, according to Reuters, citing two people familiar with the matter. The increases, effective in July, apply to chips made with Samsung&#8217;s 4-nanometer SF4 process — with customers in China and the US seeing hikes of 10% to 15%, and Taiwan-based customers seeing smaller increases of 5% to 10%. The 5-nanometer SF5 process saw similar 10% to 15% increases, while pricing for older 8-nanometer technology rose by nearly 10%. Samsung declined to comment, citing its policy against discussing operational details.</p>
<h2><strong>Why Samsung Suddenly Has Pricing Power</strong></h2>
<p>The underlying dynamic is straightforward: TSMC, which controls more than 70% of global foundry revenue compared to Samsung&#8217;s roughly 7%, has effectively sold out its most advanced capacity to AI&#8217;s biggest customers. TSMC has reportedly pre-sold all its 3-nanometer capacity through 2027 and its entire 2026 2-nanometer output to Apple, Nvidia, and AMD. That leaves companies who can&#8217;t secure a TSMC slot with far fewer alternatives — and Samsung, despite trailing on market share, is one of the only foundries in the world capable of producing chips at these advanced nodes at all. Scarcity at the top of the market is giving the number-two player genuine leverage for the first time in years.</p>
<p>Notably, Chinese customers are absorbing the steepest price increases, a dynamic that traces back to US export controls on advanced chipmaking equipment — restrictions that have made Chinese firms more dependent on overseas foundries like Samsung, since building equivalent domestic capacity remains constrained by those same controls.</p>
<h2><strong>A Turnaround for a Business That&#8217;s Lost Money Since 2022</strong></h2>
<p>The price increases arrive at a notable moment for Samsung&#8217;s foundry division specifically: after posting losses in every year since 2022, the unit contributed to a record quarterly operating profit in the second quarter of 2026, driven largely by strength in AI-related memory alongside improving foundry utilization. Samsung has said it expects continued improvement in the second half of 2026, citing rising factory utilization, better manufacturing yields, and more favorable pricing — with this week&#8217;s price hikes being a direct, concrete piece of that story rather than just optimistic guidance.</p>
<h2><strong>Part of a Much Bigger Memory Squeeze</strong></h2>
<p>This foundry pricing news sits inside a much larger memory chip crunch. Counterpoint projects the global memory market will grow from roughly 360 trillion won last year to 1,500 trillion won this year, and on to 2,100 trillion won by 2027 — a trajectory driven almost entirely by AI infrastructure demand for high-bandwidth memory and server DRAM. That surge is squeezing supply available for consumer devices like PCs and phones, as manufacturers reallocate advanced capacity toward the higher-margin AI server market. It&#8217;s a similar dynamic to the one driving TSMC&#8217;s own blowout revenue growth this year; see our <a href="/ai-news/tsmc-ai-chip-demand-earnings" rel="nofollow">earlier coverage of TSMC&#8217;s AI-driven earnings</a> for the parallel story at the industry&#8217;s dominant player.</p>
<h2><strong>Why This Matters Beyond Semiconductor Earnings</strong></h2>
<p>Rising foundry and memory prices don&#8217;t stay contained to chip company balance sheets — they flow directly into the cost of building and running every AI system that depends on this hardware, from frontier model training to everyday inference. As compute costs remain a defining pressure on AI company economics in 2026, industry-wide price increases like this one are a leading indicator of where those cost pressures head next, regardless of which company or model is involved.</p>
<h2><strong>What to Watch Next</strong></h2>
<p>Samsung&#8217;s full second-half 2026 results will show whether this pricing power translates into sustained foundry profitability rather than a one-quarter anomaly. Watch whether TSMC responds with further price increases now that its chief rival has demonstrated real pricing leverage in a capacity-constrained market — a dynamic that would likely push AI infrastructure costs higher across the board.</p>
<p><em>Sources: <a href="https://finance.yahoo.com" rel="nofollow">Reuters via Yahoo Finance</a>, <a href="https://en.cryptonomist.ch" rel="nofollow">Cryptonomist</a>, <a href="https://www.freemalaysiatoday.com" rel="nofollow">Free Malaysia Today</a></em></p>
<hr />
<p><strong><em>Disclaimer</em></strong><em>: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.</em></p>
<p>The post <a href="https://timestabloid.com/samsung-just-raised-chip-prices-15-a-sign-the-ai-boom/">Samsung Just Raised Chip Prices 15% — A Sign the AI Boom Has Outgrown What Factories Can Actually Build</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
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		<title>Crucial Warning To XRP Holders Using This Mobile Phone Brand</title>
		<link>https://timestabloid.com/crucial-warning-to-xrp-holders-using-this-mobile-phone-brand/</link>
		
		<dc:creator><![CDATA[Tobi Loba]]></dc:creator>
		<pubDate>Wed, 25 Oct 2023 09:31:09 +0000</pubDate>
				<category><![CDATA[Cryptocurrency]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Samsung]]></category>
		<category><![CDATA[XRP]]></category>
		<category><![CDATA[XRP Ledger]]></category>
		<category><![CDATA[XRPL]]></category>
		<category><![CDATA[XUMM]]></category>
		<guid isPermaLink="false">https://timestabloid.com/?p=23376</guid>

					<description><![CDATA[<p>The team behind Xumm has issued a critical warning to Samsung users, specifically those with Samsung Galaxy S21 devices. Xumm announced on X that Samsung&#8217;s newest operating system update, released on October 12, opens Xumm wallet users to substantial risk in terms of data security. The Samsung Update Problem Xumm is a non-custodial wallet for [&#8230;]</p>
<p>The post <a href="https://timestabloid.com/crucial-warning-to-xrp-holders-using-this-mobile-phone-brand/">Crucial Warning To XRP Holders Using This Mobile Phone Brand</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>The team behind Xumm has issued a <a href="https://twitter.com/XummSupport/status/1716442029566091310?s=19" target="_blank" rel="noopener">critical warning</a> to Samsung users, specifically those with Samsung Galaxy S21 devices. Xumm announced on X that Samsung&#8217;s newest operating system update, released on October 12, opens Xumm wallet users to substantial risk in terms of data security.</p>
<h2><strong>The Samsung Update Problem</strong></h2>
<p>Xumm is a non-custodial wallet for the XRP Ledger (XRPL) that allows users to interact with the XRP Ledger and 3rd party tools while safeguarding their keys. The update potentially breaks Xumm wallet&#8217;s secure data store, breaking the app&#8217;s main function and preventing it from opening. For anyone who hasn&#8217;t installed the update, Xumm advises users to be sure that they have their secret keys before installing the update.</p>
<p><span style="text-decoration: underline;"><em><strong>Read Also: <a href="https://timestabloid.com/xrp-ledger-based-palau-stablecoin-project-abruptly-halted-details/" target="_blank" rel="noopener">XRP Ledger-Based Palau Stablecoin Project Abruptly Halted: Details</a></strong></em></span></p>
<p>Xumm recommends that users with their secret key uninstall Xumm, install the update, and reinstall the application. Then they can import their account using the secret key.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">We are getting reports from Samsung  + <a href="https://twitter.com/XummWallet?ref_src=twsrc%5Etfw">@XummWallet</a> users, specifically: Samsung Galaxy S21 users.</p>
<p>The Samsung operating system update pushed on Oct. 12 by Samsung damages the <a href="https://twitter.com/XummWallet?ref_src=twsrc%5Etfw">@XummWallet</a> secure data store. </p>
<p>This results in Xumm not opening again. Check if you have your secret… <a href="https://t.co/wdMbf6rfyw">pic.twitter.com/wdMbf6rfyw</a></p>
<p>&mdash; XUMM Support (@XummSupport) <a href="https://twitter.com/XummSupport/status/1716442029566091310?ref_src=twsrc%5Etfw">October 23, 2023</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Users with Xumm Tangem cards and those with a Written Down Secret (Numbers) can re-import them. However, for users who are unsure about the status of their accounts or secret keys, Xumm suggests rekeying their accounts before proceeding with the download and installation of the Samsung software update.</p>
<p>Xumm strongly encourages users facing problems to use the Xumm Support xApp within the application. The support team emphatically warns against relying on social media channels for support, primarily due to the proliferation of counterfeit support accounts on X trying to scam unsuspecting users.</p>
<p>Xumm also clarifies that this is not a security breach on their end, and users&#8217; wallets have not been tampered with. The problem comes from the new Samsung update.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">We are on twitter, follow us to connect with us :- <a href="https://twitter.com/TimesTabloid1?ref_src=twsrc%5Etfw">@TimesTabloid1</a></p>
<p>&mdash; TimesTabloid (@TimesTabloid1) <a href="https://twitter.com/TimesTabloid1/status/1680250907504656385?ref_src=twsrc%5Etfw">July 15, 2023</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><span style="text-decoration: underline;"><em><strong>Read Also: <a href="https://timestabloid.com/expert-shares-how-xrp-holders-can-earn-passive-income-on-xrp-ledger-amm/" target="_blank" rel="noopener">Expert Shares How XRP Holders Can Earn Passive Income On XRP Ledger AMM</a></strong></em></span></p>
<h2><strong>The Community&#8217;s Response</strong></h2>
<p>One user <a href="https://twitter.com/Opmonthetrack/status/1716551552658239531?s=19">called</a> for Samsung to explain how this happened, and another <a href="https://twitter.com/ponderousfella/status/1716444835429671251?s=19">stated</a> that his Samsung Galaxy S21 Ultra had no problems after the update. They speculated that this could have been caused by a more specific problem and not just the update. However, they commended Xumm for giving its users a heads-up.</p>
<p>One user <a href="https://twitter.com/SuperWhitten/status/1716503507044299055?s=19">added</a> that he didn&#8217;t have any problems with the Samsung Galaxy S23 Ultra. However, another <a href="https://twitter.com/ErickV924/status/1716466482001952922?s=19">stated</a> that he had the same issue on that phone.</p>
<p>Xumm was emphatic that this was not a breach. However, the issue does not occur on every phone with the update installed, so this might be bigger than just installing an update.</p>
<p>Meanwhile, a crypto enthusiast recently <a href="https://timestabloid.com/xrp-investor-loses-thousands-of-tokens-to-a-suspected-ledger-wallet-hack-learn-from-the-incident/">lost 17,000 XRP on her ledger wallet</a>. Although Xumm hasn&#8217;t been hacked, it is important for users to follow instructions and only seek help from official help channels like the Xumm xApp.</p>
<hr />
<p><strong><em>Follow us on </em></strong><a href="https://twitter.com/TimesTabloid1"><strong><em>Twitter</em></strong></a><strong><em>, </em></strong><a href="https://www.facebook.com/timestabloid/"><strong><em>Facebook</em></strong></a><strong><em>, </em></strong><a href="https://t.me/markettabloid"><strong><em>Telegram</em></strong></a><strong><em>, and </em></strong><a href="https://news.google.com/publications/CAAqLAgKIiZDQklTRmdnTWFoSUtFSFJwYldWemRHRmliRzlwWkM1amIyMG9BQVAB?hl=en-US&amp;gl=US&amp;ceid=US%3Aen"><strong><em>Google News</em></strong></a></p>
<p>The post <a href="https://timestabloid.com/crucial-warning-to-xrp-holders-using-this-mobile-phone-brand/">Crucial Warning To XRP Holders Using This Mobile Phone Brand</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
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		<title>Cardano Becoming Leader in Climate Impact: 1 Million Trees Now Planted and Recorded On Cardano Blockchain</title>
		<link>https://timestabloid.com/cardano-becoming-leader-in-climate-impact-with-milestone-of-1-million-trees-planted-and-recorded-on-cardano-blockchain/</link>
		
		<dc:creator><![CDATA[Solomon Odunayo]]></dc:creator>
		<pubDate>Tue, 11 Jan 2022 09:32:10 +0000</pubDate>
				<category><![CDATA[Blockchain]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Cardano]]></category>
		<category><![CDATA[Cardano Blockchain]]></category>
		<category><![CDATA[Cardano Foundation]]></category>
		<category><![CDATA[Samsung]]></category>
		<category><![CDATA[Veritree]]></category>
		<guid isPermaLink="false">https://timestabloid.com/?p=2154</guid>

					<description><![CDATA[<p>An effort to plant different species of trees native to areas across different parts of Madagascar, Indonesia, Nepal, Kenya, Senegal, and Haiti launched by Cardano has attained its initial goal of 1 million trees. This was reported a couple of hours ago by Frederik Gregaard, CEO of the Cardano Foundation. According to Gregaard in a [&#8230;]</p>
<p>The post <a href="https://timestabloid.com/cardano-becoming-leader-in-climate-impact-with-milestone-of-1-million-trees-planted-and-recorded-on-cardano-blockchain/">Cardano Becoming Leader in Climate Impact: 1 Million Trees Now Planted and Recorded On Cardano Blockchain</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>An effort to plant different species of trees native to areas across different parts of Madagascar, Indonesia, Nepal, Kenya, Senegal, and Haiti launched by Cardano has attained its initial goal of 1 million trees. This was reported a couple of hours ago by Frederik Gregaard, CEO of the Cardano Foundation.</p>
<p>According to Gregaard in a series of tweets, the initiative is now fully funded and Cardano Community is the strength behind the milestone. He added that Cardano’s quest to become a leader in climate impact is now becoming a reality with this achievement.</p>
<p><strong><em>Read Also: <a href="https://timestabloid.com/cardano-based-dex-sundaeswap-to-launch-on-mainnet-soon-what-to-expect-after-launch/" target="_blank" rel="noopener">Cardano-Based DEX SundaeSwap to Launch on Mainnet Soon. What to Expect After Launch</a></em></strong></p>
<p>Frederik Gregaard <a href="https://twitter.com/F_Gregaard/status/1480272924170862592" target="_blank" rel="noopener">noted</a>:</p>
<p><em>“What an achievement! The #CardanoForest is 100% funded, we’ve reached the 1 million trees milestone. The success of this first Cardano Global Impact Challenge for the Cardano Ecosystem truly shows the power of our community.</em></p>
<p><em>“We are striving to position Cardano as a leader in climate impact and this is only possible because of the Global Cardano Community; our incredible team here at Cardano Foundation; the industry group, Climate Neutral Cardano; and our partnership with Veritree.</em></p>
<p><em>“Together we all share a mission to see Cardano deliver as a blockchain for good.</em></p>
<p><strong><em>Read Also: <a href="https://timestabloid.com/cardanos-first-all-in-one-decentralized-finance-wallet-announces-new-connectivity-breakthrough/" target="_blank" rel="noopener">Cardano’s First All-in-One Decentralized Finance Wallet Announces New Connectivity Breakthrough</a></em></strong></p>
<p><em>“The #CardanoForest will support land restoration and local ecosystem development activities in Mombasa, Kenya. All trees planted will be recorded on the Cardano blockchain for enhanced transparency and serve as public proof of land restoration activities.</em></p>
<p><em>“Above all, this represents a cornerstone of what it means to build and utilize a global financial and social operating system. The #CardanoForest is merely the MVP to showcase how SDG reporting can be transparent with blockchain technology. </em></p>
<h2><strong>Samsung&#8217;s Land Restoration Efforts to Involve Cardano Blockchain</strong></h2>
<p>It can be recalled that this initiative has been <a href="https://timestabloid.com/tech-giant-samsung-gets-new-exposure-to-cardano-blockchain-via-a-new-partnership/" target="_blank" rel="noopener">adopted</a> by Samsung America via a partnership with Cardano’s partner, Veritree, making the tech giant get exposure to Cardano.</p>
<p>Veritree’s reforestation verification records will be stored on the Cardano blockchain. The technology makes it possible to verify data from planting sites and link every individual donation to the area of land it helped to restore.</p>
<p>Samsung&#8217;s land restoration efforts plan to plant 2 million trees by the first quarter of 2022.</p>
<p><strong><em>Read Also: <a href="https://timestabloid.com/charles-hoskinson-we-aim-to-make-cardano-as-ubiquitous-as-internet-and-be-used-by-billions/" target="_blank" rel="noopener">Charles Hoskinson: We Aim To Make Cardano As Ubiquitous As Internet and Be Used By Billions</a></em></strong></p>
<p>Cardano Foundation <a href="https://twitter.com/Cardano/status/1478389156644544527" target="_blank" rel="noopener">wrote</a>, <em>“Another great initiative powered by the Cardano blockchain. @SamsungUS to plant 2 million trees in Madagascar by the end of the first quarter of 2022 in partnership with Veritree, a Cardano blockchain-based climate solutions platform.”</em></p>
<hr />
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<p>The post <a href="https://timestabloid.com/cardano-becoming-leader-in-climate-impact-with-milestone-of-1-million-trees-planted-and-recorded-on-cardano-blockchain/">Cardano Becoming Leader in Climate Impact: 1 Million Trees Now Planted and Recorded On Cardano Blockchain</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
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		<title>Samsung Interacts With Charles Hoskinson to Confirm the New Exposure to Cardano Blockchain</title>
		<link>https://timestabloid.com/samsung-interacts-with-charles-hoskinson-to-confirm-the-new-exposure-to-cardano-blockchain/</link>
		
		<dc:creator><![CDATA[Solomon Odunayo]]></dc:creator>
		<pubDate>Thu, 06 Jan 2022 02:39:37 +0000</pubDate>
				<category><![CDATA[Blockchain]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Cardano]]></category>
		<category><![CDATA[Cardano Blockchain]]></category>
		<category><![CDATA[Cardano Creator]]></category>
		<category><![CDATA[Charles Hoskinson]]></category>
		<category><![CDATA[Samsung]]></category>
		<guid isPermaLink="false">https://timestabloid.com/?p=2081</guid>

					<description><![CDATA[<p>Samsung Electronics America, the American subsidiary of the South Korean tech behemoth, has recently interacted with Charles Hoskinson, the CEO of IOG, on Twitter, which many have termed as a confirmation of the new exposure to Cardano, the largest proof-of-stake (PoS) blockchain. It was earlier reported that the tech giant Samsung is getting exposure to [&#8230;]</p>
<p>The post <a href="https://timestabloid.com/samsung-interacts-with-charles-hoskinson-to-confirm-the-new-exposure-to-cardano-blockchain/">Samsung Interacts With Charles Hoskinson to Confirm the New Exposure to Cardano Blockchain</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Samsung Electronics America, the American subsidiary of the South Korean tech behemoth, has recently interacted with Charles Hoskinson, the CEO of IOG, on Twitter, which many have termed as a confirmation of the new exposure to Cardano, the largest proof-of-stake (PoS) blockchain.</p>
<p>It was earlier <a href="https://timestabloid.com/tech-giant-samsung-gets-new-exposure-to-cardano-blockchain-via-a-new-partnership/" target="_blank" rel="noopener">reported</a> that the tech giant Samsung is getting exposure to Cardano through its new partnership with Veritree, a blockchain planting management system.</p>
<p><strong><em>Read Also: <a href="https://timestabloid.com/cardano-founder-is-passionate-of-transforming-decentralized-finance-defi-sector/" target="_blank" rel="noopener">Cardano Founder Is Passionate about Fixing Decentralized Finance (DeFi) Sector</a></em></strong></p>
<p>As explained by Cardano Foundation, Samsung Electronics America aims to tackle climate change by planting two million mangrove trees in Madagascar.</p>
<p>Cardano Foundation <a href="https://twitter.com/Cardano/status/1478389156644544527" target="_blank" rel="noopener">tweeted</a>, <em>“Another great initiative powered by the Cardano blockchain. @SamsungUS to plant 2 million trees in Madagascar by the end of the first quarter of 2022 in partnership with Veritree, a Cardano blockchain-based climate solutions platform.”</em></p>
<p><strong><em>Read Also: <a href="https://timestabloid.com/cardano-advancement-iog-is-building-light-wallet-for-browsers-and-mobile-phones/" target="_blank" rel="noopener">Cardano Advancement: IOG Is Building Light Wallet for Browsers and Mobile Phones with In-Built Dapp Store</a></em></strong></p>
<p>According to the report, the new partnership between Samsung and Veritree was announced during the annual Consumer Electronics Show (CES) held in Las Vegas.</p>
<h2><strong>Samsung Interacts With Charles Hoskinson on Twitter</strong></h2>
<p>A couple of hours ago, Charles Hoskinson, the creator of Cardano shared a photo of himself showing that he was present at the annual Consumer Electronics Show (CES) held in Las Vegas, where the partnership was officially announced.</p>
<p>The photo gained vast reactions from the crypto community members, including Samsung Electronics America, which could be termed as the confirmation of a new relationship with Hoskinson and Cardano.</p>
<p>Samsung US tweeted, <em>“</em><em>Hope you have some fun this week!”</em></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">Hope you have some fun this week!</p>
<p>&mdash; Samsung US (@SamsungUS) <a href="https://twitter.com/SamsungUS/status/1478847858111569920?ref_src=twsrc%5Etfw">January 5, 2022</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><strong><em>Read Also: <a href="https://timestabloid.com/charles-hoskinson-we-aim-to-make-cardano-as-ubiquitous-as-internet-and-be-used-by-billions/">Charles Hoskinson: We Aim To Make Cardano As Ubiquitous As Internet and Be Used By Billions</a></em></strong></p>
<p>Charles Hoskinson also responded, <em>“I will especially since I got this amazing note phone!”</em></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">I will especially since I got this amazing note phone! <a href="https://t.co/UBCmp9hnpq">https://t.co/UBCmp9hnpq</a></p>
<p>&mdash; Charles Hoskinson (@IOHK_Charles) <a href="https://twitter.com/IOHK_Charles/status/1478860226098962434?ref_src=twsrc%5Etfw">January 5, 2022</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Veritree’s reforestation verification records are expected to be stored on the Cardano blockchain. The technology makes it possible to verify data from planting sites and link every individual donation to the area of land it helped to restore.</p>
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<p>The post <a href="https://timestabloid.com/samsung-interacts-with-charles-hoskinson-to-confirm-the-new-exposure-to-cardano-blockchain/">Samsung Interacts With Charles Hoskinson to Confirm the New Exposure to Cardano Blockchain</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
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		<title>Tech Giant Samsung Gets New Exposure to Cardano Blockchain via a New Partnership</title>
		<link>https://timestabloid.com/tech-giant-samsung-gets-new-exposure-to-cardano-blockchain-via-a-new-partnership/</link>
		
		<dc:creator><![CDATA[Solomon Odunayo]]></dc:creator>
		<pubDate>Tue, 04 Jan 2022 20:29:58 +0000</pubDate>
				<category><![CDATA[Blockchain]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Cardano]]></category>
		<category><![CDATA[Cardano Blockchain]]></category>
		<category><![CDATA[Samsung]]></category>
		<category><![CDATA[Veritree]]></category>
		<guid isPermaLink="false">https://timestabloid.com/?p=2055</guid>

					<description><![CDATA[<p>As a report has it, tech giant Samsung is getting exposure to Cardano through its new partnership with Veritree, a blockchain planting management system. The new development was shared with the community by Sidney Vollmer, Head of Brand &#38; Communications at Cardano Foundation. Read Also: Cardano Founder Is Passionate about Fixing Decentralized Finance (DeFi) Sector [&#8230;]</p>
<p>The post <a href="https://timestabloid.com/tech-giant-samsung-gets-new-exposure-to-cardano-blockchain-via-a-new-partnership/">Tech Giant Samsung Gets New Exposure to Cardano Blockchain via a New Partnership</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>As a report has it, tech giant Samsung is getting exposure to Cardano through its new partnership with Veritree, a blockchain planting management system.</p>
<p>The new development was shared with the community by Sidney Vollmer, Head of Brand &amp; Communications at Cardano Foundation.</p>
<p><strong><em>Read Also: <a href="https://timestabloid.com/cardano-founder-is-passionate-of-transforming-decentralized-finance-defi-sector/" target="_blank" rel="noopener">Cardano Founder Is Passionate about Fixing Decentralized Finance (DeFi) Sector</a></em></strong></p>
<p>Sidney Vollmer tweeted, <em>“Wow! Samsung&#8217;s land restoration efforts – 2 million trees to ben planted this quarter, done by our great friends at Veritree, will live on our blockchain! Meaning: Samsung will now get exposure to Cardano.”</em></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">Wow! <a href="https://twitter.com/Samsung?ref_src=twsrc%5Etfw">@Samsung</a> &#39;s land restoration efforts – 2 million  trees to ben planted this quarter, done by our great friends at <a href="https://twitter.com/veritree?ref_src=twsrc%5Etfw">@veritree</a>, will live on our blockchain! </p>
<p>Meaning: Samsung will now get exposure to <a href="https://twitter.com/hashtag/cardano?src=hash&amp;ref_src=twsrc%5Etfw">#cardano</a></p>
<p>&mdash; Sidney Vollmer (@SidneyVollmer) <a href="https://twitter.com/SidneyVollmer/status/1478395268127248387?ref_src=twsrc%5Etfw">January 4, 2022</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>As further explained by Cardano Foundation in a tweet, the American subsidiary of the South Korean behemoth aims to tackle climate change by planting two million mangrove trees in Madagascar.</p>
<p><strong><em>Read Also: <a href="https://timestabloid.com/charles-hoskinson-highlights-what-is-coming-to-cardano-in-2022/" target="_blank" rel="noopener">Charles Hoskinson Highlights What Is Coming To Cardano In 2022</a></em></strong></p>
<p>Veritree’s reforestation verification records will be stored on the Cardano blockchain. The technology makes it possible to verify data from planting sites and link every individual donation to the area of land it helped to restore.</p>
<p>Cardano Foundation wrote, <em>“Another great initiative powered by the Cardano blockchain. @SamsungUS to plant 2 million trees in Madagascar by the end of the first quarter of 2022 in partnership with Veritree, a Cardano blockchain-based climate solutions platform.”</em></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">Another great initiative powered by the <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw">#Cardano</a> <a href="https://twitter.com/hashtag/blockchain?src=hash&amp;ref_src=twsrc%5Etfw">#blockchain</a>.<a href="https://twitter.com/SamsungUS?ref_src=twsrc%5Etfw">@SamsungUS</a> to plant 2 million trees in Madagascar by the end of the first quarter of 2022 in partnership with <a href="https://twitter.com/veritree_?ref_src=twsrc%5Etfw">@veritree_</a>, a Cardano blockchain-based climate solutions platform.<a href="https://t.co/vtTUfTmqqS">https://t.co/vtTUfTmqqS</a> <a href="https://twitter.com/hashtag/Sustainability?src=hash&amp;ref_src=twsrc%5Etfw">#Sustainability</a></p>
<p>&mdash; Cardano Community (@Cardano) <a href="https://twitter.com/Cardano/status/1478389156644544527?ref_src=twsrc%5Etfw">January 4, 2022</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>The new partnership between Samsung and Veritree was announced during the annual Consumer Electronics Show (CES) held in Las Vegas.</p>
<p>Mangrove forests are estimated to store ten times more carbon dioxide than other tropical forests.</p>
<p><strong><em>Read Also: <a href="https://timestabloid.com/cardano-creator-shares-the-development-update-of-djed-as-the-cardano-based-stablecoin-closer-to-launch/" target="_blank" rel="noopener">Charles Hoskinson Shares the Development update Of Djed as the Cardano-Based Stablecoin Closer to Launch</a></em></strong></p>
<p>Reacting to the new development in a statement, the head of corporate sustainability at Samsung Electronics America stated that investing in innovative technologies is vital in fighting climate change.</p>
<p><em>“Investing in tech innovations, such as those that create efficiency improvements and minimize waste, in combination with nature-based solutions, are vital in the fight against climate change.”</em></p>
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<p>The post <a href="https://timestabloid.com/tech-giant-samsung-gets-new-exposure-to-cardano-blockchain-via-a-new-partnership/">Tech Giant Samsung Gets New Exposure to Cardano Blockchain via a New Partnership</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
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