The South Korean manufacturer, Samsung is planning to invest nearly 22 billion in the research and improvement of new technologies, such as artificial intelligence, 5G network and connected automotive components to prevent smartphone saturation.
The news from Reuters pointed out that South Korea’s Samsung Electronics said on Wednesday that its parent company Samsung Group plans to invest in IA and 5G technology.
The smartphone giant has slowed demand in more developed markets and is looking for other sources of growth for smartphone and memory chip makers. According to IHS Markit, Samsung’s sales fell 10.8% in the previous quarter to 70.8 million. Galaxy S9 can’t resist competitors like Huawei. Although Samsung has confirmed its results, in which sales of its new equipment have not achieved the expected results.
“Today’s announcement is reviewed and reviewed over several months and is reviewed by the management and board of the three companies, including Samsung Electronics,” the company said.
The company plans to become a leader in the 5G chipset market while meeting autonomous vehicles, Internet of Things (IoT) and robotics new application requirements.
In addition to the device components, Samsung believes that 5G is also an opportunity to transform its network equipment business into an important player to compete with Ericsson, Huawei and Nokia.
However, the company did not disclose more details of this investment plan and specific investment direction, but said that it will provide most of the funds for this plan.
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Samsung ensures that more than 40,000 jobs will be created by 2021, also plan to increase the number of advanced AI researchers in the Artificial Intelligence Center to 1,000 people. By expanding it the semiconductor manufacturing capabilities will meet the component needs of artificial intelligence, 5G, data centers and connected cars.