Samsung Electronics Co. and Japanese internet and telecommunications conglomerate SoftBank Group Corp. met recently to discuss how both companies could co-operate in the world of Technology as well as the Internet of Things (IoT) , according to sources. The meeting took place between Lee Jae-yong, vice chairman of Samsung Electronics, and SoftBank Chairman Masayoshi Son at the Samsung office in Seocho Ward.
SoftBank made the news lately with its $32 billion deal to acquire ARM Holdings PLC, the UK based company that produces the microprocessors that power over 95% of the world’s smartphones. Both companies are known to want to increase their presence in the IoT sector and can complement each other in this regard.
In order for the world of IoT to exist we need many pieces of the puzzle such as processors, sensors, possibly big data cloud services, but we also need an Operating System (OS) to run the IoT apps and services on. This is where Samsung is betting on the Tizen OS to power their smart home and IoT future devices. Samsung's TVs will act as a hub for the smart home and will Integrate SmartThings technology to communicate and control many smart home devices, which will also be powered by Tizen.