Samsung Electronics buys AI tech firm Zhilabs to boost 5G capabilities

SEOUL (Reuters) - Samsung Electronics Co Ltd <005930.KS> said on Wednesday it had acquired artificial intelligence technology firm Zhilabs to enhance its 5G capabilities, marking a major push into the 5G market.

Zhilabs will continue to operate independently under its own management, Samsung said in a statement.

Samsung did not disclose financial terms of the deal.

(Reporting by Heekyong Yang; Editing by Gopakumar Warrier)