Samsung doubles down on IoT with a $1.2 billion U.S. investment

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Samsung is looking to take its romantic relationship with the Web of Things to the up coming level with an investment to the tune of $1.2 billion.

The electronics giant’s CEO Dr. Oh-Hyun Kwon introduced the four-12 months R&D plan through an function in DC this 7 days. The investment will go over some 15,000 Samsung workers across the US. In accordance to Forbes, the money will be break up between startups in the area and Samsung’s personal functions, including a chip fabrication lab in Austin and a investigation center in Palo Alto.

“If we want innovators all over the place to make use of IoT, we ought to make sure all instruments are open up to them,” Kwon told the audience. “This signifies systems that join to each other, for the reason that we know that boundaries close to systems maintain again innovation and scale.”

The main government additional that the investment would go a means towards supporting handle the troubles of an growing old population, keeping more mature citizens dwelling independently outside of nursing homes and hospitals.

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Samsung doubles down on IoT with a $1.2 billion U.S. investment
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