Global Innovative Platforms Inc (GIPL)

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The South Korean electronics manufacturer says it has developed a wireless transmission standard hundreds of times faster than that of today’s 4G LTE. The technology would seemingly allow users to download entire movies in seconds.

According to Yonhap News, Samsung announced that it has developed a core component of its 5G network by solving a problem that has stymied the wireless industry. Using the 28 GHz waveband, Samsung says it has achieved download and upload speeds of tens of gigabits per second (Gbps). As of right now, 4G LTE networks top out at around 75 megabits (Mbps). Theoretically, the speed the company is boasting to have achieved would allow wireless users to download a full HD movie in seconds with the company executives seeing the technology enabling a wide range of rich applications.

Samsung supposedly used 64 antenna elements in order to accomplish the high-speed data transfer and said that the company expects that it can commercialize the technology by 2020. That deadline conforms well to a European Commission goal to have 5G wireless technology in place by the same year. China has been pouring funding into the next-generation wireless technology as well with hopes to roll it out around roughly the same time.

The South Korean company has been regularly pioneering in the area of wireless transmission technologies for quite some time. Some of the wireless advances the company makes have been patented and some of those patents have been used against Apple in their ongoing litigation struggles. Most of Samsung’s wireless patents are typically standard essential though, meaning the company must grant licenses in a fair, reasonable, and non-discriminatory fashion. Although the high data transmission rates are a constant goal for wireless carriers as well as mobile devices makers, most customers are found to be on the border. Many consumers express interest in the extra speed but a survey last year found that nearly half of American consumers felt they didn’t need 4G LTE.