Samsung To Devote $1.1b To Investments In The Americas

Samsung Electronics said today it is creating a $1 billion investment fund, dubbed the Samsung Ventures America Fund, and a separate $100 million Samsung Catalyst Fund to invest in global innovation. It is also setting up a series of international research and development centers in various technology hot spots. Samsung made the announcement at an event in Menlo Park, Calif., where the newest Samsung Strategy and Innovation Center will be based.

 

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