Samsung announces record £18BN investment in innovation

Citing weak sales of the Galaxy S9 and S9+, Samsung has announced a record level of innovation investment to take place over the next three years.

The investment will be primarily targeted at Samsung Electronics, the division responsible for household electronic devices such as phones.

Samsung will be targeting areas such as 5G and AI to drive forward innovative features that will hopefully lift market share over the medium term.

The 25TN Korean Won investment in Samsung Electronics is one part of an investment plan of 180TN Korean Won spent across all of the Samsung conglomerate's divisions.

Via Phonearena