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Samsung says IoT will drive semiconductor sales

Samsung says it will increase its chip competence and offer security and the cloud for customers to secure market share ahead of competitors such as Intel and Qualcomm.

Samsung will secure more market share than its rivals in the expanding Internet of Things (IoT) market by increasing its competence in semiconductors, a senior executive has said.

The company will also add value by providing more complete solutions needed for the IoT, especially security and the cloud.

Byung-se So, EVP, Samsung Strategy and Innovation Center, said during a company investors forum in Seoul that IoT will lead the semiconductor market going forward and talked up the firm's ARTIK module.

Samsung commercially launched the module in February this year. It introduced the ARTIK Cloud in April, adding cloud support for customers.

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