Samsung sees ‘tremendous’ India potential, plans big AI engineering shift, no IPO plans

Leading appliances and consumer electronics maker Samsung is investing in the Artificial Intelligence (AI) ecosystem in the country, besides participating in the PLI scheme for display modules, its President and CEO of Southwest Asia, JB Park, said on Tuesday.

Samsung, which has completed three decades of operations in India, sees “tremendous” potential here and expects India to become among its leading global markets, supported by tailwinds, the rise of the economy and per capita GDP in the coming years.