(MENAFN) Samsung Electronics Co. said it plans to inject USD100 million into funding start-ups and developers of the Internet-of-Things (IoT) technologies, Yonhap News reported.
South Korea's top tech giant said that all of its products will be connected to the IoT network by the year 2020, which is a concept in which all tangible objects are connected to the Internet.
"The IoT is the source of infinite potential that can enrich livelihoods and protect people depending on their needs and situations, further changing society and the economy," head of Samsung Electronics' consumer products unit said.
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