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Samsung invests billions in 5G and AI

August 8, 2018


Samsung is to invest 25 trillion won (£17 billion) in areas such as Artificial Intelligence (AI), 5G and components for connected cars as it seeks to protect itself against smartphone saturation.

The Korean giant is the world’s leading manufacturer of smartphones and memory chips but slowing demand in more developed markets has seen it seek other sources of growth.

According to figures from IHS Markit, Samsung’s shipments fell 10.8 per cent to 70.8 million during the most recent quarter as the Samsung Galaxy S9 failed to fend off competition from the likes of Huawei.

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