Samsung to invest $1.2bn in US for IoT

Samsung Electronics, the world’s top smartphone maker, said on Tuesday it plans to invest about $1.2 billion in the US over the next four years on so-called internet of things (IoT) technologies. In a statement, Samsung said it will make the investments through its Silicon Valley arms such as the Samsung Global Innovation Center in order to develop relevant technologies and strengthen cooperation with startup companies. The firm did not elaborate on its plans.


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