Samsung set to invest $22bn in 5G networking and AI to achieve 20% market share by 2020

By Sean Galea-Pace
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...

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.

See more:

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.

Share

Featured Articles

Three steps to building a resilient enterprise ecosystem

Rob McAveney, CTO at software company Aras, shares his three top tips to create a resilient enterprise ecosystem which can help businesses to adapt

Chocolate manufacturer Venchi on sustainable packaging

Cècile Osti, of luxury chocolate manufacturer Venchi, discusses balancing tradition while expanding the market, Easter 2022 & sustainable packaging

Sustainability goals in manufacturing need a boost with AI

Moving sustainability goals from the boardroom to the control room will need the power of AI to truly reduce emissions, says Jane Ren, founder of Atomiton

Mitigating market disruptions using AI in manufacturing

AI & Automation

Business Intelligence: defining customer experience at Accu

Technology

Expect to see these food manufacturing trends in 2022

AI & Automation