Samsung to invest $1.2B in IoT in the U.S.

Samsung announced plans to spend roughly $1.2 billion in the U.S. over the next four years for the research and development of IoT technologies. The world's largest smartphone vendor expressed its desire for a "human-centered approach" to the IoT, emphasizing openness and collaboration and focusing on objectives such as helping people in their homes and keeping them healthy.

Samsung recently overtook Apple as the top smartphone vendor in the U.S., and it continues to ride the popularity of its Galaxy S7 phone. But growth of the worldwide smartphone market continues to slow, forcing phone makers to expand to other opportunities. If Samsung can effectively tap into an IoT space that's only just beginning to get legs, it could ensure a healthy future for a long time to come. Article

Suggested Articles

Instead, it's creating uncertainty that's reducing investment overall, Ericsson's chief executive told CNBC.

Qualcomm, Audi of America and the Virginia Department of Transportation are planning for initial C-V2X deployments on Virginia roadways.

Vapor IO raised $90 million to build out its Kinetic Edge platform throughout the country.