Although Samsung is the world's biggest manufacturer of smartphones, televisions and supplier of chips and flat-screens, Samsung continues to pay outsiders billions of dollars in return for using patents in semiconductors, displays and other software. Samsung wants to have first access to cheaper home grown ideas and solutions in the future and in order to get their hands on this new technology Samsung has set up the new "Samsung Future Technology Foundation."
Samsung will invest US $1.3 billion over the next decade in their Foundation. Rhee In-yong, chief communications officer at Samsung stated that "Developers will completely own patents. Samsung will just focus on supporting technicians and researchers to yield visible profits."
The Korean report noted that Samsung's president stated that "The foundation will pick up more local small- and medium-enterprises (SMEs), which have patents but some financial problems. Qualified local researchers will get a chance to collaborate with the world's renowned scholars for future projects."
Rhee added that "securing the competitiveness of future materials is strongly recommended in order to maintain Korea's current leverage in hardware-related technologies. Korea is relying more on future materials to be used in future technologies."
To understand their seriousness of eliminating outside royalty payments to US firms, Samsung will launch a new smartphone line later this year that will use the Tizen OS which will eliminate the need to pay Google royalties for Android.
Do you think that Samsung's motives are to better Korean Developers or to simply better Samsung's longer term profitability? Their line that "Samsung will just focus on supporting technicians and researchers to yield visible profits," doesn't seem to pass the laugh test. What's your opinion on this?
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