Join Transform 2021 for the most important themes in enterprise AI & Data. Learn more.


(Reuters) — Samsung Electronics said on Wednesday it would create an artificial intelligence (AI) research center and strengthen an executive role to look for new business areas for all its three major business groups.

The minor changes to the tech giant’s business structure were to “quickly respond to market changes,” Samsung Electronics said in a statement.

The move follows last month’s appointment of a new generation of top managers that dispelled lingering worries about a leadership vacuum from the detention of Vice Chairman Jay Y. Lee.

The new AI research center would be under a joint research center of the mobile and consumer electronics businesses, two of its three main businesses, the company said. However, it did not say where the center will be located.

Samsung Electronics also strengthened the “business development” role of Young Sohn, its chief strategy officer, to explore new business opportunities in not only components but in mobile and consumer electronics as well.

Sohn led Samsung Electronics’ $8 billion acquisition of Harman International, which was agreed on in November last year. He oversees the Samsung Strategy and Innovation Center (SSIC) that has offices in San Jose and San Francisco in the United States, among others, according to the SSIC website.

(Reporting by Joyce Lee; Editing by Gopakumar Warrier)

VentureBeat

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform
  • networking features, and more
Become a member