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Forbes: Samsung’s Jay Y. Lee is the richest Korean in 2024

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Samsung Lee

Samsung’s executive chairman Jay Y. Lee (Lee Jae-yong in Korean) topped the Forbes 2024 Richest Korean list for the first time. On April 17, Forbes revealed that the Samsung boss is the richest in South Korea, with his assets increasing by $3.5 billion, bringing his total net worth to $11.5 billion.

Thanks to a rise in Samsung’s stocks, Samsung’s Lee jumped to the top of the Forbes 2024 Richest Korean list. Notably, the company’s stocks significantly hiked after the revelation that it’s developing high-bandwidth memory chips used in AI computing for NVIDIA.

Forbes 2023 Richest Korean, Kim Byung-ju, slipped to second this year with assets worth $9.7 billion. The third place went to Seo Jung-jin, honorary chairman of Celltrion, with assets of $7.5 billion.

Cho Jung-ho, chairman of Meritz Financial Group, ranked fourth with $6.2 billion, and Chung Mong-koo, honorary chairman of Hyundai Motor Group, was fifth with $4.6 billion.

Samsung inheritance tax

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James is the lead content creator on Sammy Fans and mostly works on Samsung's firmware section. His first phone was the Galaxy S4 and continues to get new S series devices. Most of the time, James tries to learn about new technologies and gadgets but he also sneaks a bit of free time to nearby rivers and nature.

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Samsung and Arm partner on parallel processing for 6G

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Samsung R&D wing partners with Arm on the research of parallel processing for 6G. Samsung’s leading research and development organization collaborating with semiconductor and software design company Arm to research parallel packet processing.

SIMD, known as Single Instruction Multiple Data, is one of the key software technologies in next-gen communications. Samsung Research and Arm plans to introduce an open-source project to develop and refine parallel processing for 6G.

“This technical partnership with Arm is a significant step towards revolutionizing parallel technology,” said Jinguk Jeong, Executive Vice President at Samsung Research’s Advanced Communications Research Center.

Arm also announced leveraging its expertise in high-performance, low-power and flexible computing by collaborating with Samsung Research to accelerate the 6G software development and enable the AI infrastructure to run as efficiently as possible.

Since SIMD processes vast quantities of communication data, Samsung Research’s work with Arm seeks to significantly accelerate the research and development timeline ahead of the surge of data driven by 6G environments.

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Young Hyun Jun will lead Samsung’s semiconductor business

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Samsung GAA Semiconductor

Young Hyun Jun will now lead Samsung’s semiconductor business. The company today revealed that it named Young Hyun Jun as the new Head of Device Solutions (DS) Division.

President Kyehyun Kyung, who has been leading the DS Division, will become the Head of the Future Business Division as well as the Head of Samsung Advanced Institute of Technology (SAIT).

Young Hyun Jun will focus on the DS Division and strengthen Samsung’s position amid an uncertain global business environment. Notably, Jun has extensive experience in the semiconductor and battery businesses.

Samsung hired Jun in 2000 for DRAM and Flash memory development. Later, he became Head of the Memory Business in 2014 and CEO of Samsung SDI in 2017, before leading the Future Business Division in 2024.

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Android’s hot Circle to Search arriving on iOS

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Circle to Search in-line translation support

Circle to Search feature may be available on the iOS platform this year. In an exciting development, folks over at the Mac Observer discovered that Google is preparing to upgrade Chrome for iOS with Android’s awesome Circle to Search feature.

Chrome for iOS silently added a new “Lens Circle to Search” flag. When enabled, it will likely bring the feature to Apple’s iOS devices. Well, it is expected to be a Lens-powered feature available within the application itself, rather than system-wide integration.

Circle to Search debuted earlier this year with the Galaxy S24 series. It’s developed by Google for Galaxy and Pixel devices. As of now, a number of Samsung and Google devices have access to it. Meanwhile, the expansion may take place to more Android vendors and iOS too.

This feature is literally powered by Google Lens. Thanks to system-wide integration, it feels like a core feature of the Android operating system. Through an app update, Google seems to be planning Circle to Search beyond Android devices.

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