Wednesday, December 02, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Amazon Awarded With Augmented Reality Patents
Motorola Moto 360 Sport Watch Launching Next Month
Lenovo Unveils the ThinkPad P40 Yoga
Samsung Launches Web Browser for Gear VR
PRIV by BlackBerry Gets Its First Update
IDC Sees Transition To Detachable Tablets
Patriot Introduces 128GB Compact USB Flash Drives
AMD Launches the Low Profile FirePro W4300 Graphics Card for CAD
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > General Computing > Samsung...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, February 05, 2013
Samsung to Invest $1.1 Billion in New Ventures

Samsung Electronics unveiled two venture funds to invest a total of $1.1 billion, aimed at creating new businesses for its unit that makes memory chips and electronics parts.

The company announced the $1 billion Samsung Ventures America Fund and the $100 million Catalyst Fund for early stage startups, as well as a strategy and innovation center in Menlo Park, California, at an event near the site on Sand Hill Road.

The new Samsung Strategy and Innovation Center headquartered on Sand Hill Road in Menlo Park and with offices in Korea and Israel is led by Young Sohn, President and Chief Strategy Officer of Device Solutions, Samsung Electronics.

"We see tremendous opportunities and transformations over the next five years driven by Big Data centered around mobility, cloud, and the Internet of Things, and Samsung will be a significant part of this revolution," said Sohn. "This is an exciting opportunity for us to engage with entrepreneurs and innovators and empower them to leverage Samsung?s technology and global brand presence to bring our collective visions to market."

Initial focus areas include cloud infrastructure, mobile privacy, Internet of Things, human interface, and mobile health, Samsung said.

To jumpstart the $100 million Samsung Catalyst Fund, the Samsung Strategy and Innovation Center (SSIC) is holding a competition, SamsungCreate Challenge, launching later in 2013. The program will encourage artists, engineers, entrepreneurs, and other innovators to leverage Samsung's Device Solutions Architecture Platform. The contest will award $10 million in seed investments for winners and will also include incubation and support from SSIC's Innovation and Technology Fellows and partnerships with Samsung R&D technologists.

G.SKILL Launches New Trident X Series DDR3 32GB Memory Kit        All News        Samsung Introduces GALAXY Young and Samsung GALAXY Fame
Dell to Be Acquired By Its Founder And and Silver Lake For $24.4 billion     General Computing News      Microsoft's Initiative To Help Improve the Africa's Competitiveness

Get RSS feed Easy Print E-Mail this Message

Related News
Samsung Galaxy Game Tuner App Will Save Battery Resources During Gaming
Samsung Changes Head Of Mobile Business
WD, Samsung Lead The HDD And SSD Markets
Samsung Joins Audi’s Progressive SemiConductor Program
Samsung's New DDR4 with TSV Gives a Boost To Data Centers and Servers
Samsung Pay Adds Eight More Credit and Debit Card Issuers
UK High Court Rules Samsung and Huawei Infringe LTE Patent
Samsung Display Is Seeking OLED Growth Through Apple Deal
Samsung To Release Bio Processor Next Year
Samsung Officially Unveils The Exynos 8 Octa Application Processor
Samsung Prepares For Entry In Auto Technology
Samsung Electronics Takes The Lead in Smartphone Sales Worldwide

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .