How big, you ask… how about ‘$22 billion big’ and that money is going straight into emerging technologies. Their bets will be on things like artificial intelligence and 5G. And even more specifically, their efforts will focus on automotive electronics and biopharmaceuticals.
They will start by… hiring about 1,000 artificial intelligence researches around the world and trying to fit in with Verizon, AT&T, and the other “cool kids” of 5G. Both technologies are critical to the future of autonomous driving vehicles, according to Samsung.
There is hope… for a company that has had lackluster sales and slowing demand for their memory chips. Ideally, the $22 billion put into emerging tech will be enough to drive growth in areas the company is not all too familiar with. With the money Samsung makes, they will blow away their competition and cause people to forget about recent scandals – or at least that is the plan, right?