http://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/ Engadget Comments for Samsung to receive insurance payout for power outage damage http://www.engadget.com/media/feedlogo.gif http://www.engadget.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/http://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/http://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/Aug 6th 2007 6:17AMhttp://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/http://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/

I have only scratched the surface on these two corporations and the depths of their business'. Too much to list and not enough time.]]>Aug 6th 2007 7:00AMhttp://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/http://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/
21 February 1958 - Ahnkook Fire Insurance Co., Ltd., acquired by the Samsung group

Source: http://ir.samsungfire.com/ir_e/about/ir_about_02_1950.html

So you see, Samsung have had a stake in the insurance business for nearly 50 years. It is quite funny Samsung insuring themselves, but it supports their business - so it makes some sense.

~

The cost is really nothing to Samsung - what they really care about is getting production back to pre-power outage levels. This will cause the prices for flash memory to come back down (albeit slowly). Samsung know that the quicker the prices fall, the quicker flash memory will sell (it'll be cheaper so more people can buy more of it, obviously - lower price = appeal to a greater range of consumers).

So let us all hope Samsung can get production back and start supplying the market as fully as they can again - and very soon!

All the best,
Andy]]>Aug 6th 2007 7:02AMhttp://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/http://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/
If this keeps prices high, surely it is benefitial to Samsung, they haven't really lost much money and they have still got vast orders.]]>Aug 6th 2007 9:18AMhttp://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/http://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/
Financial services

Samsung Life
Samsung Fire
Samsung Card
Samsung Securities
Samsung Investment Trust Management
Samsung Venture Investment

http://en.wikipedia.org/wiki/Samsung]]>Aug 6th 2007 6:51AMhttp://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/http://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/Aug 6th 2007 7:42AMhttp://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/http://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/It's common for the bigger ones.

Take a look at Mitsubishi when you get a chance.]]>Aug 6th 2007 6:59AMhttp://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/http://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/Aug 6th 2007 8:26AMhttp://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/http://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/Aug 6th 2007 9:31AMhttp://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/http://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/Aug 6th 2007 8:34AMhttp://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/http://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/Aug 6th 2007 9:53AMhttp://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/http://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/
maybe it was on purpose?]]>Aug 6th 2007 9:34AMhttp://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/http://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/Aug 6th 2007 10:06AMhttp://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/http://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/Aug 6th 2007 10:37AMhttp://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/http://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/Aug 6th 2007 10:38AMhttp://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/http://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/
I WISH it was that easy, my company is on a 24 hour task force to get a few of our equipment lines up. It will take several weeks to get everything back up. ALL the plasma systems have to go down for wetcleans, the CMP systems will have to have all the heads and platten pads changed etc. There will be lingering particle problems and MANY tools as well. I suspect a few robot calibration issues from power outage as well. Either way they definatly dont have swap kits to wetclean the entire fab so that will slow everything down as well.

Most of the WIP will have to be scrapped too and whats not scrapped will have to be reworked by hand. So once they get all the systems requalified and wafer starts again it will take about 3 weeks for them to get back though the line anyway.

Definatly not a hit the button and go process.
]]>Aug 6th 2007 12:57PMhttp://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/http://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/Aug 6th 2007 5:57PMhttp://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/http://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/Aug 6th 2007 1:14PMhttp://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/http://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/Either way, it would have to be quite a big one to keep things going and what not. Who knows how much power it takes to run a factory like that...]]>Aug 6th 2007 2:26PMhttp://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/http://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/
There's no way there exists any backup generator that's big enough to keep that plant running non-stop for however many hours it'll require them to figure out what went wrong with the power grid and fix it. I bet they have a BIG ASS generator, and that probably buys you maybe half an hour or so, during which you can back up some data, and safely bring some of their more sensitive equipment off line, before the whole thing comes crashing down.

I mean these plants probably consume as much power as a small city. There's absolutely no way any backup generator will keep these plants stay on line for more than a few hours, unless your backup generator is an actual power station, or a small nuclear reactor.
]]>Aug 6th 2007 4:30PMhttp://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/http://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/Aug 6th 2007 4:39PMhttp://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/http://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/
A nice little on-site nuke plant that could provide enough power to run the plant plus sell power back to the grid may actually pay for itself in 5-10...]]>Aug 6th 2007 11:16PMhttp://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/http://www.engadget.com/2007/08/06/samsung-to-receive-insurance-payout-for-power-outage-damage/Aug 7th 2007 6:30PM