Wednesday, August 27, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
HTC Reveals Entry-level Desire 510 Powered By a 64-bit Processor
Archos To Showcase Windows And Android Devices At IFA
Larger iPad Coming Next Year
Samsung Starts Mass Production Of First 3D TSV DDR4 Modules
HP Recalls Millions Of Power Cords
New Toshiba 20 Megapixel CMOS Image Sensor Enables 6mm Z-height Camera Modules
Huawei Quits Windows Phone, Goes Completely Android
Europer To Probe Qualcomm: report
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 Starts Mass Production Of First 3D TSV DDR4 Modules
Samsung To Unveil Virtual Reality Headset, Bendable TVs
Samsung To Unveil New Smart TV Content at IFA 2014
Samsung Delivers Slim Level Box mini Wireless Speaker
Samsung, Microsoft Want To End Android Patent Dispute Soon
Galaxy Note 4 May Come in Two Versions
Samsung Buys Home-automation Company SmartThings
Samsung Exynos 5430 Is The Company's First 20nm SoC
Samsung Introduces All-metal Galaxy Alpha Smartphone
Samsung Introduces SAS-interface SSD
Barnes & Noble, Samsung To unveil Galaxy Tab 4 Nook on August 20
Samsung To Release New Gear Solo Wristwatch Phone

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 .