Samsung to invest billions in artificial intelligence and 5G

Samsung will put more than $22 billion toward tech like AI and 5G.                  Jung Yeon-je  AFP  Getty Images

The numbers being proposed are much higher than the 25,000 the company hired in the recent three years. The company has reportedly chose to invest up to $20 billion in futuristic technologies which include artificial intelligence and 5G.

That sum is 6% greater than the investment made by the South Korean conglomerate over the past three years, according to Reuters.

In the field of artificial intelligence, Samsung hopes to take its researcher base beyond the 1,000 mark across it global AI Centres.

"Samsung aims to become a leader in electronics components for future cars such as system-on-chips for autonomous driving, utilizing its leadership in semiconductors, telecommunications and display technologies". Nearly three-quarters of that investment will be made at home, it said in a statement. "But Samsung can be more active in M&As to do better at AI or 5G, when Lee is fully back to his business", Greg Roh, an analyst at Hyundai Motor Securities, said.

Samsung said it will also bolster its mainstay chip business, which is already the major source of profit for the company.

Aside from this focused investment, Samsung will actually be investing a total of $161 billion over the next three years.

Hundreds of Ryanair flights cancelled over European strikes
Customers have been notified and a majority of those affected moved to another Ryanair flight, the company said. Staff claim this creates huge insecurity for them, blocking their access to state benefits in their country.

European Union to study need for action on common mobile phone charger
After this agreement expired in 2012, a new letter of intent was signed by the same companies in 2013 and 2014. EU REGULATORS could force Apple to ditch its proprietary Lightning charger in favour of one-size-fits-all USB.

CL Failure Could Lead To League Glory For Liverpool
Mourinho was speaking at a 9am press conference and his words did not equivocally rule out the possibility of something happening. However, there was no indication that it was a deliberate tactic on his part or that he was being economical with the truth.

"Samsung has seen strong growth from both its contract manufacturing and biosimilar businesses".

No company in South Korea can match Samsung's scale in investment or job creation.

Of the total, 130 trillion won will be spent in South Korea, and is expected to create 40,000 jobs, or 20,000 more than its previous hiring plans, Samsung said.

Samsung made the announcement to help revitalize the South Korean economy and foster new growth engines, Xinhua reports.

The company said its programs to support subcontractors adds up to a whopping 4 trillion won.

Talented students will receive opportunities to work at overseas research centers under cooperation with Samsung.

Related News:



Most liked

Danny Ings' Southampton loan to net Reds £20m
Turned down by the club for being too small at the age of 10, the 26-year-old striker is now finally a Saints player after going via AFC Bournemouth , Burnley and Liverpool .

Sony Pushing For "Venom" To Have PG-13 Rating
Like a " turd in the wind ", Venom is slowly but surely rolling towards us for it's October release. Black Cat and Silver Sable are going their separate ways.

Kurt Zouma to Everton on loan 'almost done' says Marco Silva
Manchester United's eagerness to sign a centre-back this summer has been all too well known. Chelsea defender Kurt Zouma appears to be closing in on a loan switch to Everton .

Grieving orca still carrying her dead calf more than two weeks later
Martin Haulena, examined the orca. "The team obtained a breath sample to help assess infection & and gave antibiotics". Scientists are anxious that Tahlequah's behavior may harm her health, and they are keeping a close eye on her.

Liverpool boss Jurgen Klopp still expects players to leave
We want to be champions of England, but what about [Manchester] United and the other clubs? We were in finals. Do we go to finals again? "I have not seen him [again] so far so we will see about his availability".

How WhatsApp Messages Can Be Manipulated By Hackers - Checkpoint
The major reasons for the same are the popularity of the platform and the convenience it provides to forward messages to groups. The company said in a statement that the limit for forwarded messages has been restricted to five.

Australia's most populous state entirely in drought
Southern Australia has experienced near-record levels of dry weather; rainfall has been 57mm below average for the time of year. The government would have been better off subsidising professional shooters to reduce kangaroo numbers more humanely, he said.

'Lock your doors': At least four dead in Canada shooting
About five minutes later, he could hear similar noises near his home. "Doors are locked and everybody's inside", he said. Fredericton is the capital of New Brunswick, a province on the eastern side of the country and above ME in the USA.

President Erdogan: US has dollars, 'we have our God'
Meanwhile, Turkish Treasury and Finance Minister Berat Albayrak is expected to present a new economic development doctrine for the country on Friday.

Watch Several Dave Grohls 'Play' A 23-Minute Rock Song
Dave Grohl has officially unleashed his first ever solo track, and of course it's a 23-minute multi-instrumental odyssey. Play will be released on limited edition vinyl on September 28 and is now available for pre-order .

CDC: 4 cases of West Nile virus in Minnesota
People older than 50 or who have weakened immune systems are at higher risk for severe illness from the virus. People who contract West Nile virus may show mild signs of illness including fever, headache and body aches.

Farmers in Australia get greater powers to kill kangaroos amid drought
The government would have been better off subsidising professional shooters to reduce kangaroo numbers more humanely, he said. Australia's prime minister Malcolm Turnbull has unveiled a package of measures to assist farmers coping with the conditions.

Remembering Hard Knocks stars as high school recruits
In advance of the Tuesday's premiere, the world was granted a final preview trailer. Once he's alone again, he whispers to himself, "Keep going".

Kardashians stand together in Kourtney's feud with beau
According to TMZ , Miss Kardashian was the one who bravely ended it all after their two-year relationship. Younes saw Khloé's comment and went back to his Instagram Story saying, "Once again you guys failed".

PGA Championship: Davis Love III to make 100th major appearance
This will be his 19th appearance in the tournament he has won four times. "I spent a bit of time on the range yesterday". But history suggests that if he doesn't lift the Wannamaker Trophy soon, Spieth might never accomplish the feat.