Samsung Electronics Co., Ltd has developed a core technology for wireless fidelity (Wi-Fi) networks five times faster than the current maximum speed, reports said Sunday.

Samsung's new-generation Wi-Fi technology allows users to transfer data at speeds of up to 4.6 gigabits per second (Gbps) or 575 megabits per second (Mbps), which is incredibly fast.

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Compared to Samsung's currently available 108Mbps, the newly-developed Wi-Fi technology now offers five times faster Internet access on its existing consumer electronic devices.

At this speed, users can transfer a 1 gigabyte (GB) movie between devices within three seconds.

They can also stream uncompressed high-definition videos in real time from their mobile devices with the 60GHz Wi-Fi technology, Samsung added.

Samsung research and development center head Kim Chang-yong said the company has successfully surpassed the barriers to the commercialization of the 60GHz Wi-Fi technology.

"New and innovative changes await Samsung's next-generation devices" as new possibilities opened up for the future development of Wi-Fi technology," Mr. Kim added.

The tech firm expects to apply its new Wi-Fi technology to a wide range of products, including audio-visual and medical devices and telecommunication equipment.

The commercialization of the unlicensed 60 GHz Wi-Fi technology is expected as early as next year, reports confirmed.

Tags wi-fi speed