Samsung Electronics Co., the world’s biggest smartphone and memory chip maker, has picked the Internet of Things (IoT), cloud and data storage, private and security, smart machines, and smart health as its five core technologies that it will focus to foster.
Marking the 30th anniversary of its foray into Silicon Valley in California, the United States, Samsung Strategy and Innovation Center (SSIC), a global organization under Samsung’s Device Solutions division focused on identifying and nurturing new promising technologies, has recently unveiled the company’s five strategic technology domains in its August newsletter.
Of those core technologies, Samsung Electronics has been already making hefty investment in IoT technology and has launched a number of related products. It has also been aggressive in developing cloud and data storage solutions that are closely related to semiconductor technology. The company has also upped investment in the development of digital privacy and security enhancement solutions that have become a must in the era of IoT, as well as cognitive technology-backed smart machines and smart health solutions.
Chris Byrne, head of intellectual property at SSIC, was quoted in the newsletter as saying the five strategic technology domains were selected in a quest to seek the answers to how Samsung would become a pioneer, and what types of investment the global tech giant should make to achieve another quantum growth.
Jacopo Lenzi, senior vice president at Samsung NEXT, an investment arm set up in Silicon Valley, was also quoted saying that Samsung should aim to transform itself into a comprehensive technology innovator from a simple hardware manufacturer through investment in the five technology areas.
Samsung Electronics, meanwhile, established Samsung Research America (SRA) in October 1988 to advance into Silicon Valley. Since then, it has set up five major operation entities with about 2,000 employees engaged in technology development and investment in the U.S.
By Kim Dong-eun
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