While convincing tech giants to shift manufacturing of an entire mobile ecosystem from China to India is an uphill task, but the government has woken up to the reality with the production-linked incentive (PLI) scheme.
Hyderabad-based pharmaceuticals company partners with companies for oncology and Covid indications
It is the company's first such facility to be built outside the US to to research in areas including edge computing, data analytics, and augmented reality.
The launch of the new facility will enable us to successfully transform to a more resilient and healthier platform while continuing to build capabilities to become a successful solutions company leveraging hardware
"Around 25 technologies are likely to be transferred and around five new technologies are likely to be advertised for transfer in the year 2021," K.N.Vyas, Chairman said.
According to a global study by PwC India, the highest increase in use of artificial intelligence (AI) during Covid-19 times has been witnessed in India.
Samsung's journey in India dates back to 1995. Since then, the South Korean giant has grown to become the country's largest mobile phone and consumer electronics company.
Ramaswami succeeds co-founder Dheeraj Pandey, who previously announced his plans to retire as CEO of Nutanix upon the appointment of a successor.
Samsung said on Monday that it registered a total of 4,974 patents in South Korea and 6,321 patents in the United States in the third quarter of the year.
Samsung, the world's largest memory chip and smartphone maker, said reinforcing its AI capability will also enhance its competitiveness in the non-memory semiconductor sector.
Making efforts to create a strong manufacturing ecosystem
The Samsung R&D hiring is taking place at top engineering colleges like all the major IITs, including the newly-opened IIT Tirupati.
The ratio of R&D spending to sales reached 9 per cent as of September, up from 7.7 per cent at the end of last year.
IT and Industries Minister KT Rama Rao, who laid the foundation stone for the Medical Devices Park in June 2017, had said 14 companies had come forward to set up their units at the facility, coming up over 250 acres
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