Samsung today announced that it is working on Wi-Fi technology that will allow for data transmissions that are five times faster than what's available today.

Samsung's 60GHz Wi-Fi technology will provide speeds up to 4.6Gbps (575MB per second); the fastest speed available on today's consumer electronics devices is 866Mbps (108MB per second).

With 60GHz Wi-Fi technology, a 1GB movie will take less than three seconds to transfer between your computer and smartphone. And uncompressed high-definition videos can be streamed from your tablet to the TV in real time, with no delay.

"Samsung has successfully overcome the barriers to the commercialization of 60 GHz millimeter-wave band Wi-Fi technology, and looks forward to commercializing this breakthrough technology," Kim Chang Yong, head of DMC R&D Center of Samsung Electronics, said in a statement.

Samsung said its technology can eliminate co-channel interference. "By doing so, Samsung's new technology removes the gap between theoretical and actual speeds, and exhibits actual speed that is more than 10 times faster than that of 2.4GHz and 5GHz Wi-Fi technologies," the company said.

Samsung isn't the first to introduce massively fast Wi-Fi: Before being acquired by Qualcomm this summer, Wilocity introduced the new Wil6300 chipset, which operates in the 60 GHz band.

But, as Samsung pointed out, commercial adoption of the new technology has been challenging. According to the company, the speedy service is more easily susceptible to poor signal and data performance—an issue Samsung claims to have remedied.

"By leveraging millimeter-wave circuit design and high performance modem technologies and by developing wide-coverage beam-forming antenna, Samsung was able to successfully achieve the highest quality, commercially viable 60GHz Wi-Fi technology," the company said.

Commercialization of the unlicensed band spectrum is expected as early as 2015. Samsung plans to apply the new technology to various products, including audio visual and medical devices, telecommunications equipment, and the Samsung Smart Home, as well as other Internet of Things initiatives.

For more, check out No, Samsung Didn't Invent High-Speed 60GHz Wi-Fi.

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