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Samsung To Spend Over $22 Billion on AI, Auto Tech and 5G (wsj.com)
The Samsung conglomerate said it will invest more than $22 billion over the next three years to target such areas as artificial intelligence and auto-technology components, as it seeks out growth drivers beyond phones and memory chips. From a report: The bulk of the spending will be earmarked for Samsung Electronics, the conglomerate's crown jewel. The company is the world's No. 1 maker of smartphones, semiconductors and televisions and last year put more toward capital expenditures than any other publicly traded company. Samsung ïsaid it would invest heavily in four key areas through 2020. Auto tech, artificial intelligence and new fifth-generation, or 5G, cellular technology [Editor's note: the link may be paywalled; alternative source] -- all of which that fall under Samsung's umbrella -- will draw funding, as will its nascent drug companies specializing in contract manufacturing and biosimilar medications. Samsung, South Korea's largest business empire, spans 62 affiliates as diverse as life insurance and theme parks.
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That helps to save money for this
Samsung is a South Korean juggernaut.
In South Korea, it's apparently a different story. Samsung alone is responsible for 20 percent of the country's $1.1 trillion economy. For reference, government spending there also makes up about 20 percent of GDP.
There's no telling how much influence this translates to within Samsung's home nation.
Happiness in intelligent people is the rarest thing I know.
Ernest Hemingway
from the ./ summary:
"Samsung said it would invest heavily in four key areas through 2020. Auto tech, artificial intelligence and new fifth-generation, or 5G, cellular technology."
That's three, not four.
Ceci n'est pas une signature.
Collins is facing 130 years in the pokey. Word is, one half dozen more Republican House Reps will soon be arrested in connection with Collins.
The lib fantasy continues. Your fanfict is amazing. I think you are the best masturbator.
Just wait, soon Rosenstein will be gone and then it'll all just go away.
We can be sure that Samsung, a company on fire if there has ever been one, is going to come up with further explosive products. They are clearly hell-bent on rekindling the market and searing the competition.
I bought a Samsung product once.
I won't make that mistake again.
Instead, it should spend it on customer service.
What a waste. About something really useful, like self-replicating 3D printer bots to buy home for the homeless?