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Samsung Lost More than $268 Million During Power Shutdown in Texas

Samsung executives said the company’s semiconductor business saw profits fall in the first quarter, mainly due to disruptions and product losses caused by the shutdown. Samsung’s Austin fab was offline for more than a month after it was shut down due to power outages during the freeze… About 71,000 wafers were affected by production disruptions, said Han Jinman, executive vice-president of Samsung’s memory chip business. He estimated the wafer loss is equivalent to $268 million to $357 million.

Semiconductor fabs are typically operational 24 hours a day for years on end. Each batch of wafers — a thin slice of semiconductor used for the fabrication of integrated circuits — can take 45 to 60 days to make, so a shutdown of any length can mean a loss of weeks of work. Restoring a fab is also a complicated process, and even in the best of circumstances can take a week… NXP Semiconductors was also among the facilities that were shut down in February, as its two Austin fabrication facilities were offline for nearly a month. In March, the company estimated the shutdown would result in a $100 million loss in revenue and a month of wafer production…

Jinman said Samsung is working with the state, municipal government and local utility companies to find solutions to prevent similar shutdowns in the future.

Thousands Of Swedes Are Inserting Microchips Under Their Skin

In Sweden, a country rich with technological advancement, thousands have had microchips inserted into their hands.

The chips are designed to speed up users’ daily routines and make their lives more convenient — accessing their homes, offices and gyms is as easy as swiping their hands against digital readers.

More than 4,000 Swedes have adopted the technology, with one company, Biohax International, dominating the market. The chipping firm was started five years ago by Jowan Osterlund, a former professional body piercer.

Many early adopters come from Stockholm’s thriving startup scene. Erik Frisk, a 30-year-old Web developer and designer, says he was really curious about the technology as soon as he heard about it and decided to get his own chip in 2014.

Sweden’s largest train company has started allowing commuters to use chips instead of tickets, and there’s talk that the chips could soon be used to make payments in shops and restaurants.

Swedes are used to sharing personal information, with many online purchases and administrative bodies requiring their social security numbers. Mobile phone numbers are widely available in online search databases, and people can easily look up each other’s salaries by calling the tax authority.