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Samsung set to invest $22bn in 5G networking and AI to achieve 20% market share by 2020

November 16, 2018

Speaking at WSJ D.Live in California, Youngky Kim, President & Head of Samsung’s network business, said: “AI needs a lot of data to respond to you. This amount of data can be provided by 5G, not 4G.”

With Samsung producing 500mn electronic devices annually, it replaced Intel as the world’s largest semiconductor maker and is also the leading its rivals in terms of revenue.

The firm currently sits behind Huawei, ZTE, Ericsson and Nokia in network equipment, however, the bans from Australia and the US on Huawei equipment have enabled an opportunity to expand in developed economies that Chinese vendors can’t access.

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