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".

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.

Advertisement
Advertisement - Article continues below

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.

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

Application security fallacies and realities

Web application attacks are the most common vulnerability, so what is the truth about application security?

Download now

Your first step researching Managed File Transfer

Advice and expertise on researching the right MFT solution for your business

Download now

The KPIs you should be measuring

How MSPs can measure performance and evaluate their relationships with clients

Download now

Life in the digital workspace

A guide to technology and the changing concept of workspace

Download now
Advertisement

Recommended

Visit/mobile/34658/samsung-galaxy-note-10-review-bigger-badder-and-better-than-ever
Mobile

Samsung Galaxy Note 10+ review

18 Oct 2019
Visit/mobile/33686/samsung-galaxy-s10-review-reassuringly-expensive
Mobile

Samsung Galaxy S10 review: Reassuringly expensive

22 May 2019
Visit/mobile/23617/the-best-smartphones-to-buy
Mobile

Best smartphone 2019: Apple, Samsung and OnePlus duke it out

20 May 2019
Visit/security/33393/samsung-galaxy-s10-s-ultrasonic-sensor-fooled-by-fake-finger
Security

Samsung Galaxy S10’s ultrasonic sensor fooled by fake finger

5 Apr 2019

Most Popular

Visit/operating-systems/25802/17-windows-10-problems-and-how-to-fix-them
operating systems

17 Windows 10 problems - and how to fix them

4 Nov 2019
Visit/domain-name-system-dns/34842/microsoft-embraces-dns-over-https-to-secure-the-web
Domain Name System (DNS)

Microsoft embraces DNS over HTTPS to secure the web

19 Nov 2019
Visit/strategy/28115/the-pros-and-cons-of-net-neutrality
Business strategy

The pros and cons of net neutrality

4 Nov 2019
Visit/social-media/34844/can-wikipedia-founders-social-network-really-challenge-facebook
social media

Can Wikipedia founder's social network really challenge Facebook?

19 Nov 2019