Samsung’s ‘fourth industrial revolution’

In preparation for the ‘fourth industrial revolution’, Samsung SDI will boost technological developments for next-generation materials, according to Samsung’s CEO, Jun Young-Hyun.

Hgun previously emphasised technology developments that will “lead” the global battery market at the company’s 47th anniversary ceremony.

According to the Korea Herald, Samsung’s battery supplier is trying to make a positive turnaround this year, after losing US$831 million last year because of the Galaxy Note 7 explosion fallout and slow market demand.

Hyun announced four major tasks at the recent ceremony, in hope for a positive turnaround building a product platform, securing safety, next-generation material development and seeking innovation in its manufacturing systems: “We will enhance our technologies that will be second to none,” he added.

Written by Leah Alger

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