Samsung's next move: A $22 billion bet on new tech
Samsung's next move: A $22 billion bet on new tech
Samsung will put more than $22 billion toward tech like AI and 5G. Jung Yeon-je AFP Getty Images
10 August, 2018, 20:10
Samsung and its affiliated companies plan to spend $US22 billion ($A30 billion) over the next three years on artificial intelligence, auto components and other future businesses. Samsung Electronics Vice Chairman Lee Jae-yong has requested that the government ease regulations on the bio segment.
Considering Samsung has been cautious about commenting on its reentry into the vehicle business, the report said, creating the new team could hint at a strategic shift at the Korean tech giant.
Lee was freed after almost a year in jail.
Samsung Electronics plans to invest a total of 180 trillion won both at home and overseas as well as hire 40-thousand more employees over the next three years. The most notable appearance was in India, where Lee met with President Moon Jae-in and Samsung announced plans to expand its smartphone production there.
According to figures from IHS Markit, Samsung's shipments fell 10.8 per cent to 70.8 million during the most recent quarter as the Samsung Galaxy S9 failed to fend off competition from the likes of Huawei.
The figure translates into around 43 trillion won annually, which is similar to Samsung's record high facility investment of 43.4 trillion won made past year.
"Today's announcement follows many months of deliberations and review by the management and board of directors of different Samsung companies that will make the investments, including Samsung Electronics", said the company in a statement.
No company in South Korea can match Samsung's scale in investment or job creation. A total amount of 110 billion won will be raised for the program, with Samsung accounting for 60 billion won.
Samsung made the announcement to help revitalize the South Korean economy and foster new growth engines, Xinhua reports.
Samsung is also looking to be a front runner in the 5G race. The trainees will be able to share the company's vast technology know-how.
Mourinho warned last weekend that a "difficult season" could lie ahead if they failed to strengthen the squad before the deadline. Manchester United manager Jose Mourinho says he is "not confident" he will get any new signings before the transfer deadline.
Though the Perseids can be spotted between July 17 and August 24, the best views will be from Sunday at 4 p.m.to Monday at 4 a.m. The 2018 Orionid meteor shower will be visible from October 2 to November 7 and is expected to peak on the night of Oct. 21-22.
Moore's new documentary, scheduled to hit theaters on September 21, seeks to " bring Trump down " before the November midterms. To call Michael Moore one of Donald Trump's most outspoken critics is an understatement.
Szabo, 35, reportedly was in NY for the wedding of his stepsister when he made a mistake that cost him his life. Jones, an assistant basketball coach at Wake Forest University , punched Szabo in the face, police said.
Unai Emery now has less than 24 hours to add any more players to his side, before the window slams shut at 5pm tomorrow. Named to England's 23-man World Cup squad, Welbeck appeared as substitute against Belgium.
Melania Trump was born Melania Knavs in what was then the communist country of Yugoslavia and later changed her surname to Knauss. Their son-in-law has frequently attacked USA immigration laws, calling them the "dumbest laws on immigration in the world".
Callaway, the Browns' fourth-round pick, played despite being cited for marijuana possession and driving with a suspended license. Mayfield hit fourth-round pick Antonio Callaway over the middle for a 54-yard touchdown in the third quarter.
Where can I watch the England vs India Test match live? Only four Tests between an Asian team and England have ended in draws. Tendulkar will not have the opportunity to ring the bell on Day 2 as he has left for India , according to reports.
Yerry Mina completes Everton move
Manchester United had been competing with the Toffees for Mina, but the Old Trafford club pulled out of negotiations that morning. Asked specifically about his chat with Silva, he continued: 'I did not need a lot of convincing.
Saudi-led coalition claims deadly Yemen attack
The operation will be extended to all districts of Shabwa and neighbouring provinces such as Abyan and Aden, the interim capital. Residents remain apprehensive of disarmament because of lack of confidence in the authorities.
Pope Francis changes Catholic teaching on death penalty
But Hinkel said he believes life in prison without parole serves the same goal and is the moral choice for him as a Catholic. His spokeswoman did not return messages about whether the pope's statement might shift Abbott's view.
Paul Manafort trial Day 8
After about five minutes, the judge and lawyers returned to their positions, and Downing appeared to have lost the battle. He also refused to let them ask Manafort's former business associate Rick Gates about his reported extramarital affairs.
Israel Releases Footage of Gaza Sea Barrier
A video distributed by the Israeli army appeared to show a tank striking a military post in the Gaza Strip. The men were both claimed as members of the Izz ad-Din al-Qassam Brigades, a violent wing of Hamas .
Ruby Rose Wants to Be a Hero for Kids
Kate Kane is the second Batwoman in DC Comics' history, with the first being Kathy Kane, Bruce's aunt and Kate's mother. Rose will debut as Batwoman in this year's DC-CW crossover before spinning off into a solo pilot and potential series.