On the evening of the 21st, Beijing time, Samsung Electronics announced on Tuesday that it plans to invest 1.2 billion US dollars in the United States in the next four years to support the development of Internet of Things technology.
The company said that these funds will be distributed evenly, half for internal research and development, and the other half for injecting capital into other startups. Samsung has previously announced an investment plan related to the Internet of Things, but the company's management said that the new investment marks the company is accelerating its efforts to develop chips and other hardware for IoT devices to better compete with Intel. Competing with rivals such as Qualcomm.
Young SOHN, Samsung's president and chief strategy officer, said the company plans to develop a variety of IoT applications, including digital health devices, "smart machines" for drones, robots and self-driving cars, as well as for handling these devices. Software that produces large amounts of data.
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