way to present the new tech cycle is to chart the growth rates of exports of several countries involved in the supply chain across Asia. Figure 2 shows the main release dates for Apple and Samsung smartphones (the grey and black vertical lines), and the three-month moving average of monthly growth rates of Chinese smartphone exports, South Korea semiconductor exports, and Taiwan Province of China export orders. 2 The figure clearly demonstrates three things. First, it gives a visual depiction of the correlation of component exports from South Korea and Taiwan
technologies to be compatible with most existing merchant card reader terminals (even older magnetic-stripe terminals), Samsung Pay was accepted widely among merchants without any need for them to update systems or install new readers. Security : Samsung Knox, pre-installed in most Samsung smartphones, is a security solution that segregates sensitive data and implements additional authentication controls for access. Additionally, Samsung Pay uses tokenization for transactions (i.e., similar to card transactions with EMV-chips, rather than transfer sensitive card