Samsung outlines aim to be one of the 'top three' 5G firms

Executive reveals Samsung's plan to get ahead of the next big networking boom

Samsung is planning to invest heavily in 5G mobile networks with the aim of becoming one of the top three companies in the world, an executive told Reuters.

The Korean tech giant has its sights set on Nokia, Huawei and Ericsson, which currently lead the networking market.

"It's important to get in early," Samsung's head of network business Kim Young-ky told Reuters in an interview. "We plan to move quickly and want to be at least among the top three with 5G".

Advertisement - Article continues below

The company is reportedly targeting a sales figure of more than 10 trillion Won (around 5.82 billion) in 5G-enabled networking equipment, according to a Samsung spokeswoman.

5G is expected to offer speeds up to ten times faster than current 4G networks. Adoption of the 5G standard is expected to begin in earnest by 2020, with rollouts across both consumer tech and connected Internet of Things (IoT) appliances.

Samsung in particular has already made the case for certain 5G applications, partnering with Deutsche Telekom at Mobile World Congress 2016 in order to demonstrate its suitability for complex surgical procedures, using 5G to help a robot pick up a ball in just 0.75 seconds.

The company missed out on last generation's 4G boom when it backed WiMax technology, rather than the now-ubiquitous LTE standard. The company has now Verizon who are expected to be one of the first commercially available 5G networks.

Advertisement
Advertisement - Article continues below

Verizon is currently carrying out 5G field tests in the United States, and is expected to start rolling out 5G capabilities on a trial basis next year.

Featured Resources

Top 5 challenges of migrating applications to the cloud

Explore how VMware Cloud on AWS helps to address common cloud migration challenges

Download now

3 reasons why now is the time to rethink your network

Changing requirements call for new solutions

Download now

All-flash buyer’s guide

Tips for evaluating Solid-State Arrays

Download now

Enabling enterprise machine and deep learning with intelligent storage

The power of AI can only be realised through efficient and performant delivery of data

Download now
Advertisement

Recommended

Visit/mobile/mobile-phones/354759/samsung-galaxy-z-flip-hands-on-review-samsung-flips-its-lid
Mobile Phones

Samsung Galaxy Z Flip hands-on review: Samsung flips its lid

12 Feb 2020
Visit/mobile/mobile-phones/354754/samsung-unveils-new-galaxy-z-flip
Mobile Phones

Samsung unveils new Galaxy Z Flip

11 Feb 2020
Visit/mobile/mobile-phones/354752/samsung-galaxy-s20-ultra-hands-on-review-room-to-zoom
Mobile Phones

Samsung Galaxy S20 Ultra hands-on review: Room to zoom?

11 Feb 2020
Visit/mobile/mobile-phones/354749/samsung-galaxy-s20-hands-on-review-another-slam-dunk
Mobile Phones

Samsung Galaxy S20 hands-on review: Another slam-dunk?

11 Feb 2020

Most Popular

Visit/mobile/mobile-phones/355088/apple-lifts-iphone-purchase-restrictions
Mobile Phones

Apple lifts iPhone purchase restrictions

23 Mar 2020
Visit/software/operating-systems/355080/internal-docs-show-apple-is-aware-of-ios-13-hotspot-disconnect
operating systems

Report: Apple is aware of iOS 13 hotspot disconnect issue

23 Mar 2020
Visit/operating-systems/26138/how-to-speed-up-windows-10
operating systems

How to speed up Windows 10

4 Mar 2020
Visit/security/cyber-security/355041/critical-nhs-cyber-security-checks-suspended-due-to-coronavirus
cyber security

Critical NHS cyber security checks suspended due to coronavirus response

19 Mar 2020