Samsung announces investment of 22 billion US dollars for innovation
On August 8, Samsung Group announced that it will invest more than $22 billion in fields such as artificial intelligence, automotive electronics and 5G cellular technology in the next three years, hoping to seek new growth drivers beyond mobile phones and memory chips. At the same time, Samsung said that these investments will directly bring 40,000 jobs in the next three years.
In fact, Samsung has taken practical actions in the field of automotive technology, such as the announcement of the acquisition of Harman International Industries for $8 billion at the end of 2016 and the launch of a $300 million automotive technology investment fund in 2017.
In terms of AI, Samsung opened new research centers in Cambridge, Toronto and Moscow in May. It is planned to build an internal team with at least 1,000 AI engineers and researchers by 2020. At that time, Samsung hopes to integrate AI functions and Internet connectivity into all of the company's products.
According to informed sources, Samsung’s actual leader Lee Jae Yong has made innovation the top priority of the entire group. From the perspective of the announced investment strategy, Samsung has set its main market direction for future, but whether it will become an international giant like its mobile phone and semiconductor business remains to be verified.