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Samsung Partners With NEC To Explore New 5G Business Opportunities

NEC, a leader in the integration of IT and network technologies, has worldwide operations, including in India

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Samsung, speaker
Samsung files new patent application for 3D displays.

Samsung Electronics has tied up with Tokyo-headquartered global IT infrastructure provider NEC Corp. to explore new 5G business opportunities in the global market.

“5G development based on standardisation will help to accelerate business transformation throughout global markets,” Atsuo Kawamura, Executive Vice President and President of the Network Services Business Unit at NEC, said in a statement.

“As 5G commercialisation is just around the corner, we are confident that the partnership with Samsung will continue to solidify our stance as a 5G leader,” Kawamura said.

The partnership between Samsung and NEC could mobile carriers with flexible 5G solutions that are localised for each region with customised services to meet mobile carriers’ demands.

Samsung
Samsung.

Since 5G will enable unprecedented services and business models, it is inevitable for mobile carriers to demand customiaed solutions and flexible network architecture.

“5G will unlock the potentials, create new values and push the limits of today’s technology,” said Youngky Kim, President and Head of Networks Business at Samsung Electronics.

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NEC, a leader in the integration of IT and network technologies, has worldwide operations, including in India. (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

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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.

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)