To accelerate research and development, Samsung plans to invest USD 40 million. The move spans 27 individual initiatives from three South Korean universities covering IT, basic science, and materials engineering.
- Naturally, artificial intelligence projects are part of the effort, as well.
- The fresh funding will go toward scientific pursuits involving niche fields such as DNA sequencing.
- The Seoul National University will receive a portion of the funding for projects involving machine learning.
- The Daegu Gyeongbuk Institute of Science and Technology is the final recipient of the newly announced funding, which will go toward continuing its work in a nascent field of quantum light sourcing
The key investments and partnerships by Samsung are mentioned below:
Dec 2020: Samsung Electronics plans collaborated with global technology leader IBM to develop edge computing, 5G, and hybrid cloud solutions to help businesses across all industries modernize their operations and realize the promise of Industry 4.0.
June 2020: Samsung Heavy Industries (SHI), is a part of Samsung Group, had announced a joint development agreement (JDA) with Bloom Energy to design and develop fuel cell-powered ships. SHI and Bloom Energy are actively working towards the next milestone in this development with a target to present the design to potential customers in 2022.
June 2020: Samsung Electronics, plans to expand its NAND flash production capacity in Pyeongtaek, Korea, reinforcing the companys ability to meet demands from emerging technologies. The construction of new facility will pave the way for mass production of Samsungs cutting-edge V-NAND memory in the second half of 2021.
February 2020: Samsung Electronics announced that its new semiconductor fabrication line in Hwaseong, S. Korea, has begun mass production. The companys V1, facility, is its first semiconductor production line dedicated to the extreme ultraviolet (EUV) lithography technology and produces chips using process node of 7 nanometer (nm) and below.
January 2020: Samsung announced an investment of $500 million in its India operations to set up a new manufacturing facility in Noida, UP. The company at a new facility would produce displays for smartphones and other electronics devices as per Indian electronic market demand.
Samsung is a world leader in consumer electronics & advanced semiconductor technology. The company was founded in 1969 at Suwon, South Korea. Samsung Electronics has more than 216 global bases in around 74 countries of the world, and the company has approximately 309,600 employees globally. The company offers a broad range of products that includes home appliances such as TVs, monitors, refrigerators, and washing machines as well as key mobile telecommunications products like smartphones, bluetooth devices, and tablets. Samsung also provides key electronic components like DRAM and non-memory semiconductors.