Internet of Things Applications

Samsung Electronics Co Ltd (005930.KS), the world's top smartphone maker, said on Tuesday it plans to invest about $1.2 billion in the United States over the next four years on so-called internet of things (IoT) technologies.



In a statement, Samsung said it will make the investments through its Silicon Valley arms such as the Samsung Global Innovation Center in order to develop relevant technologies and strengthen cooperation with startup companies. The firm did not elaborate on its plans.

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The South Korean firm said separately it and Intel Corp (INTC.O) have partnered to form the National IoT Strategy Dialogue, an organization composed of industry and academic members that will discuss IoT-related issues such as privacy protection and advise U.S. policymakers on IoT-related regulation.

See more at: reuters.com