In a presentation to reporters yesterday at a golf resort on Silicon Valley’s Sand Hill Road, Samsung president Young Sohn announced that his company plans to invest $100 million in research projects and businesses aiming to solve important technology problems. Seeking to demystify its sprawling business, Sohn said the South Korean company’s latest investing activities would be centered at a new “Samsung Strategy and Innovation Center” just across the street, near Stanford University.
There’s no doubt that U.S. consumers are taking more notice of Samsung, which, according to Strategy Analytics, an independent analyst company, shipped 30 percent of the smartphones sold around the world last year. But the company has sometimes suffered from the perception that it follows technology trends rather than leading the way with important innovations.
To read the full, original article click on this link: Samsung Announces $100m Fund to Inspire Gadget Breakthroughs | MIT Technology Review
