Samsung To Pour $1.2 Million Into IoT Research And Startups In US

Samsung is determined to invest in the Internet of Things and has set its attention on the United States for that purpose.

Samsung Vice Chairman Oh-Hyun Kwon told the media about his company’s plans for crafting and expanding the web-connected network of devices dubbed the Internet of Things (IoT).

The company’s strategy is two-fold: first, the OEM will invest serious cash into R&D, and second, it will support U.S. policymakers in taking the best course of action.

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