Sam­sung fo­cuses on AI, 5G

India Business Journal - - GLOBAL WRAP-UP -

Sam­sung will in­vest $22 bil­lion in ar­ti­fi­cial in­tel­li­gence (AI), 5G mo­bile tech­nol­ogy, elec­tronic com­po­nents for au­tos and bio­phar­ma­ceu­ti­cal busi­ness in pur­suit of new growth ar­eas. In flag­ging spe­cific ar­eas of in­vest­ment, the plan is the first of its kind for the con­glom­er­ate and sug­gests more em­pha­sis than usual on ex­pand­ing into new seg­ments as its core semi­con­duc­tor and smart­phone busi­nesses show signs of weak­ness. It pro­vides the first hint of di­rec­tion for Sam­sung since heir Jay Y Lee was re­leased from jail in Fe­bru­ary on a sus­pended sen­tence fol­low­ing a con­vic­tion for bribery.

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