5G Is Still Limited But Samsung Has Already Had Its Eye On 6G Networks

Technology is developing day by day with more and more modern technologies. Most of the tech giants are looking for their own next plans and directions to develop technology and bring themselves to the next levels in the tech industry. It is also the case of Samsung - the South Korean company.

Samsung will invest in some future businesses such as system semiconductors and 6G mobile networks as the company faces the international business environment that is changing quickly, which has affected profit, said Jay Y. Lee - Samsung Electronics Co. Vice Chairman.

According to the company’s emailed statement on 16^th June, Samsung’s de facto leader Lee discussed a potential collaboration with the company’s executives last week. It was about the collaboration with companies on artificial intelligence, blockchain technologies, and sixth-generation mobile networks.

Lee has never held a public discussion on the 6G technology’s potential. This is the first time under the circumstance that Samsung is running a race with its competitors including Huawei Technologies Co. and Apple Inc. to commercialize services which are based on fifth-generation networks released in South Korea two months ago.

In a statement, Lee said:

In the discussion with the company’s executives, they did not only give some guidance on investment in the system semiconductors but also mentioned the plans to deal with risks for the company’s chip business. Moreover, challenges about the technology industry’s structural changes also were discussed.

Although Samsung’s statement was about technology, it did not mention the US-China trade tensions or the US ban on its rival Huawei which is concerned globally. These two problems are serious as they have affected not only the economic outlook all over the world but also manufacturing because of complicating supply chains.