Thursday, April 24, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
ASUS to Unleash Full SATA Express Performance With SRIS
IBM Tackles Big Data Challenges with Open Server Model
Cyberlink PhotoDirector Coming To Android Phones
LG Soundplate Coming In May
Facebook Enjoys High First-quarter Revenue
Qualcomm Reports Less Than Expected 2Q Revenue
iPhone Sales Drive Apple's Record March Quarter Revenue
Travelling Through Time On Updated Google Maps
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 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.


Previous
Next
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 Opens Innovation Museum
Samsung Works With GLOBALFOUNDRIES On 14 nm FinFET Offering
Amazon Announces Kindle Service For Samsung Devices
Samsung Galaxy S5 Carries A Very High Bill of Materials
Researchers Hack Galaxy S5's Fingerprint Scanner
Samsung SDI Introduces Large Capacity, Curved Battery
Samsung To Hold 'Kapture The Moment' Event
Samsung Galaxy S5 and New Gear Devices Launch Globally
SAMSUNG Expands Its Zero Client Lineup with New Desktop Endpoint
Samsung Galaxy Note 4 Coming In September
Samsung Accelerates DDR4 Production
Samsung's Next Smartwatch to Go Solo

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .