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Samsung planning $1.2B investment for US R&D of Internet of Things

Samsung Electronics Vice Chairman & CEO Dr. Oh-Hyun Kwon unveiled Samsung’s vision for “Human-Centered IoT”, including a strategy to spend $1.2 billion over 4 years for US-based Internet of Things (IoT) R&D and investments. This will be led by the Samsung Strategy and Innovation Center, Samsung Global Innovation Center and Samsung Research America.

Vice Chairman Kwon delivered this news in a speech at a Samsung-hosted forum in Washington, D.C entitled Internet of Things: Transforming the Future.

In his keynote, Vice Chairman Kwon offered industry and policymakers two principles in addition to a human-centered approach: to be open and collaborative.

He also warned that sector-specific regulations would inherently fragment the development of IoT, impeding devices and platforms from connecting to each other.

As the IoT ecosystem is by nature connected and interwoven, collaboration is vital to promoting this level of openness and interconnection. In this vein, Vice Chairman Kwon urged attendees to pursue cross-sector dialogue and partnerships, and announced Samsung’s role as a co-founder of the newly launched National IoT Strategy Dialogue.

The Dialogue, to be hosted by the Information Technology Industry Council (ITI), will design a National IoT Strategy as a tool to inform policy makers on enabling the technology to deliver benefits for individuals, communities, innovators and the US economy.

The event was part of Vision for Tomorrow, Samsung’s recently launched public affairs platform for cross-sector collaboration around issues affecting the policy dialogue in the US and around the world.


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