Samsung announced its first 64-bit Chip, the Exynos 7 Octa. It will be the first chip to fully supports Android 5.0 Lollipop which is also the first 64-bit Android OS.

With the Exynos 7 Octa, the company is going to have a much better time with customers differentiating the more powerful Galaxy Note 4 from the Galaxy Alpha, which also packs an Exynos 5 Octa (5430). However, it's a much less powerful one with a quad-core 1.8 GHz Cortex-A15 and quad-core 1.3 GHz Cortex-A7 CPU.

The Exynos 7 Octa features a octa-core cpu consisting of four Cortex-A57 and for Cortex-A53 cores made using Samsung's 20nm manufacturing process. This results in a 57% boost performance over the previous generation Exynos 5 Octa chipset and thanks to the new manufacturing process, draws less power, too.

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You may have Smartphone with Wi-Fi 802.11ac in your hands now, and it was just released. However, Samsung is already looking ahead to improve this Technology even further. The company has announced that it has managed to complete the development of the Wi-Fi 802.11ad standard and is ready to commercialize it.

The new 802.11ad standard operates at a 60GHz frequency and enables high transmission speeds of up to 4.6Gbps, which is 575MB/s. That's an increase of 5x times compared to the 802.11ac standard, which is capable of 866Mbps, or 108MB/s.

Samsung says that the 802.11ad standard maintains maximum speed by eliminating the co-channel interface and thus removing the gap between theoretical and actual speeds. The 60GHz frequency is more than 10x times faster than that of 2.4GHz and 5GHz Wi-Fi technologies.

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The Smartphone market is unstable, it has its ups and downs. Samsung announced its earnings guide for Q3 2014. The Korean giant expects a significant drop in profits over the same period last year about 60% to be precise.

The company expects to record profits of 4.1 trillion won (about $3.8 billion) from approximately 47 trillion won in sales. The latter are down 20% from this time last year.

Smartphone sales by Samsung are slightly up for the period. However, increased marketing costs and declining product prices hurt the company's bottom line.

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Reuters reports that Samsung is planning to invest the gargantuan $14.7 billion in a new chip-making factory over the next three years. That's the biggest investment the company has ever made into a single plant.

According to Samsung's plans, the plant is going to be built in Pyeongtaek, which is 75 km south of Seoul and create 150,000 jobs. Interestingly, the company hasn't made a final decision yet on whether the factory will create processors or memory chips.

But with Samsung estimating the new factory is going to be finished by the second half of 2017, there's a lot of time to make this decision. Rumors suggests Samsung is going to be making the upcoming Apple A9 chip, which will go into the company's future phones and tablets.

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Samsung is very proud of its Galaxy Alpha, so that the company today released an Infographic which tries to convince the world that the Alpha sets "a new standard for smartphone design".

The infographic reminds us that the Galaxy Alpha comes with a diamond-cut metal frame that makes it durable, in addition to a smooth back that should provide a firm grip. The handset's five color versions aren't forgotten (Black, White, Silver, Gold, Blue), and neither are its main features: an octa-core Exynos processor, 12 MP rear camera, 4.7-inch Super AMOLED display with 720 x 1280 pixels, and Android 4.4 KitKat. Check out the Infographic below!