Written by Lee Kyung-min
Samsung Electronics Executive Chairman Lee Jae-young’s priority is fostering next-generation 6G technology, as demonstrated by his visit to the Samsung Research Center in southern Seoul, the company announced Wednesday. It was his first officially scheduled event of the year.
He said 2024 will be defined by the faster integration of 6G technology into daily life. 6G technologies include artificial intelligence (AI), self-driving cars, robots, and augmented reality (XR). XR is an umbrella term that refers to augmented reality (AR), virtual reality (VR), and mixed reality (MR).
During his visit, he said, “The survival and future of the company depends on how we secure new technology.” “In order to weather the unfavorable domestic and international market environment during difficult times, our efforts must become bolder. In order to strengthen our technological advantages, especially keeping in mind the impending crisis, I seriously recommend investing in your future.”
Amid the fierce global competition for 6G technology supremacy between the US, Japan and Europe, the success of the company and the country as a whole will be determined by global 6G leadership, he added.
“Many of our global peers are spearheading technology investments and projects with the full support of their governments,” he said. “Samsung will continue to lead the global discussion on establishing 6G standards, backed by years of strong expertise in 4G and 5G technologies. We will intensify our efforts.”
6G technology is expected to be commercially available around 2030, following a global standardization process that is expected to take shape in 2025.
Samsung will cement its lead as the first industry leader to successfully commercialize 5G technology, a feat backed by years of significant investment in industry standardization and technology research since 2011.
“We will strengthen our competitiveness and expand our technology investment portfolio, including the development of AI technology, high-performance communication chips, and communication software,” he said.