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Largest Number Of Patents Filed By Samsung For Self-Driven Cars

According to separate data compiled by the Korea Institute of Intellectual Property, Hyundai Motor Co. filed the highest number of related patents over the 2008-2017 period

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Samsung files new patent application for 3D displays.

Samsung Electronics Co. filed the largest number of patents related to self-driving cars in Europe, data showed on Monday, far above traditional automobile manufacturers.

According to the data compiled by the European Patent Office (EPO), the number of applications related to self-driving cars filed in Europe came to 3,998 in 2017, growing more than threefold from 922 tallied in 2011.

Over the 2011-2017 period, Samsung Electronics held the most patents at 624, trailed by US IT giant Intel Corp. with 590.

US chipmaker Qualcomm Inc. held 361, followed by Samsung’s smaller South Korean rival LG Electronics Inc. at 348 and German engineering firm Bosch with 343, the EPO data showed.

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Europe accounted for 37.2 per cent of the patents, followed by the US with 33.7 per cent.

The figures indicate information and communication technology firms made more efforts to secure self-driving technologies compared with traditional vehicle manufacturers.

Among the top 10 players in the list, only three firms — Bosch, Toyota Motor Corp. and Continental AG — were related to the motor industry.

Europe accounted for 37.2 per cent of the patents, followed by the US with 33.7 per cent. South Korea accounted for 7 per cent, falling behind Japan’s 13 per cent but standing higher than China’s 3 per cent.

Also Read: Samsung Is Planning to Release Bixby- Powered Smart Speaker: Report

According to separate data compiled by the Korea Institute of Intellectual Property, Hyundai Motor Co. filed the highest number of related patents over the 2008-2017 period in the country at 981, followed by Hyundai Mobis Co. with 686 and Mando Corp. with 564. LG Electronics and the Electronics and Telecommunications Research Institute posted 293 and 238, respectively. (IANS)

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Samsung to Foster Growth by Investing in AI and 5G

To get ahead in the fast-changing tech industry, Samsung said it will expand investment in burgeoning tech segments to propel growth

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To get ahead in the fast-changing tech industry, Samsung said it will expand investment in burgeoning tech segments to propel growth. Wikimedia

Samsung Electronics Co on Wednesday said it will propel technology innovations to tackle the unfavourable business environment and foster new growth drivers such as artificial intelligence (AI) and 5G.

Samsung vowed to step up its innovations to overcome business challenges amid falling prices of memory chips and flattening global demand for new smartphones.

“The company plans to push for profound innovations across the divisions as the unfavourable business environment is expected to continue this year,” Kim Ki-nam, vice chairman of Samsung Electronics, said at a meeting at the company headquarters attended by about 1,000 investors.

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“We will focus on new, promising businesses, such as AI and 5G, to bring meaningful changes and will actively respond to new business opportunities,” Kim said. Pixabay

To get ahead in the fast-changing tech industry, Samsung said it will expand investment in burgeoning tech segments to propel growth.

“We will focus on new, promising businesses, such as AI and 5G, to bring meaningful changes and will actively respond to new business opportunities,” Kim said.

Announcing business plans during the shareholders meeting, the first since a 50:1 stock split in May which was aimed at making it easier for retail investors to purchase stakes in the firm, Kim said: “We will continue to release innovative products in our home appliance and IT and mobile communication divisions to expand our market-leading position.”

The world’s largest handset and memory chip maker said it posted $215.8 billion in sales and $52 billion in operating profits last year on a consolidated basis, posting record high profits driven by the boom in memory chips, Yonhap news agency reported.

 

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Its bid to propel its 5G business comes as Huawei, the world’s largest telecom equipment maker, faces growing pressure from the US over security protection issues. Pixabay

ALSO READ: Xiaomi to Expand its Offline Presence in India

Its bid to propel its 5G business comes as Huawei, the world’s largest telecom equipment maker, faces growing pressure from the US over security protection issues.

The Korean tech firm currently has a mere 3 per cent share in the 5G equipment sector, lagging far behind Huawei’s 28 per cent and Ericsson’s 27 per cent, according to market researcher IHS Markit.

The company has set a goal of capturing a 20 per cent share in the 5G equipment market by 2022. (IANS)