Sunday, April 19, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Memory-Tech Promises Improved Audio CD Quality With New UHQCD Technology
Sony's 4K Ultra HD TV Lineup Coming In The U.S.
Moore's Law And The Software Industry
Adobe And Windows Zero-Day Exploits Likely Leveraged by Russians In Highly-Targeted Attack
Samsung Logo Removed From Japanese Smartphones
Google Is Getting Serious With Project Loon
New Technology Can Track Detailed Hand Motion
Office Universal apps Coming Next Month On Windows 10 for Phones
Active Discussions
Help make DVDInfoPro better with dvdinfomantis!!!
Question about nero
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
cdrw trouble
Need serious help!!!!
burning
 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 Logo Removed From Japanese Smartphones
The Latest On Nvidia's Patent Dispute with Samsung
Samsung Display Buys Quantum Dot Technology From SEC
Samsung Galaxy S6 Edge Pricier to Build, Cheaper to Buy Than The Apple iPhone 6 Plus
Samsung Now Producing First M.2 NVMe PCIe SSD for PCs
Samsung to Make 14nm GPUs For Nvidia
Samsung to Release Proprietary Mobile Application Processor Core
Samsung Expects High Profit Ahead of S6 Launch
NVIDIA Receives Favorable Ruling from ITC in Patent Dispute with Samsung, Qualcomm
Samsung Reposnds To Press Reports
Samsung Relies More In Its Own Chips For Mobiles
Samsung Launches New SUHD and UHD Line Up

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 .