Samsung in Bid to Expand Presence in Global 5G Equipment Market
Samsung is rolling up its sleeves to tap into the global market for 5G network equipment, where the Korean electronics giant has a mere four percent share.
In January, Samsung signed a contract with a U.S. telecommunications company to supply 5G communications equipment, and early this month it received the approval of the U.S. Federal Communications Commission on a full high-band spectrum system.
This comes amid a trade dispute between China and the U.S., where the Trump administration has banned the sale of U.S. components to Chinese IT companies like Huawei and ZTE over security leaks.
Samsung is cooperating closely with Verizon, the No. 1 telecom service provider in the U.S., over 5G network developments.
Last year, Samsung supplied 5G equipment to seven U.S. cities, including Sacramento, California, which became the first city in the U.S. to offer the service. A Samsung staffer said the company is also offering trial 5G services in the U.S. state of Indiana with AT&T and conducting joint research with No. 3 telecom service provider T Mobile.
Samsung is also stepping up cooperation in 5G technology with Japanese telecom companies that plan to commercialize the technology in time for the 2020 Summer Olympics in Tokyo. Samsung chief Lee Jae-yong traveled to Japan last month for talks with NTT Docomo and KDDI.
"We view 5G commercialization as a new opportunity for growth and are focusing investments accordingly," a Samsung staffer said.