Samsung plans to invest USD 1.2 billion in US IoT

News Broadband United States 22 JUN 2016
Samsung plans to invest USD 1.2 billion in US IoT
Samsung announced plans to spend USD 1.2 billion over four years in developing its US-based Internet of Things (IoT) R&D and investments. Samsung Electronics Vice Chairman and CEO  Oh-Hyun Kwon unveiled Samsung’s vision for a ‘Human-Centered IoT’ at a Samsung-hosted forum in Washington, DC. The plans will be led by the Samsung Strategy and Innovation Center, Global Innovation Center and Samsung Research America, part of Samsung’s US footprint of more than 15,000 employees across the country. 

In his keynote address. 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 part of efforts to pursue cross-sector dialogue and partnerships, he announced Samsung’s role as a co-founder of the newly launched National IoT Strategy Dialogue, alongside Intel. The launch of the Dialogue, to be hosted by the Information Technology Industry Council (ITI), coincides with the new Department of Commerce IoT proceeding and the pending bicameral and bipartisan Developing Innovation and Growing the Internet of Things (DIGIT) Act in Congress. This would establish a working group of federal agency leaders to provide recommendations to Congress on how to plan for and encourage the proliferation of the IoT in the US, in consultation with industry. 

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