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BREAKING NEWS

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

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

Samsung Electronics buys AI tech firm Zhilabs to boost 5G capabilities
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KIM HONG-JI(Reuters)
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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)

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