Samsung set to invest $22bn in 5G networking and AI to achieve 20% market share by 2020
The South Korea-based electronics company, Samsung, is set to invest $22bn in 5G networking and AI in order to be granted at least a 20% market share in network equipment by 2020, according to ZD Net.
Speaking at WSJ D.Live in California, Youngky Kim, President & Head of Samsung’s network business, said: “AI needs a lot of data to respond to you. This amount of data can be provided by 5G, not 4G.”
With Samsung producing 500mn electronic devices annually, it replaced Intel as the world’s largest semiconductor maker and is also the leading its rivals in terms of revenue.
- Boeing is set to launch a solar autonomous aircraft
- Ford, Walmart and Postmates collaborate to provide automated vehicle delivery
- Nestle set to increase stake in Aimmune Therapeutics to $273mn total
- Read the latest issue of Manufacturing Global here!
The firm currently sits behind Huawei, ZTE, Ericsson and Nokia in network equipment, however, the bans from Australia and the US on Huawei equipment have enabled an opportunity to expand in developed economies that Chinese vendors can’t access.
Samsung launched its 3.5GHz and 25GHz millimetre-wave (mmWave) spectrum equipment in South Korea in July, while in October, the firm also unveiled its seventh research centre in Montreal in its latest effort to show its commitment to adopting AI.