Bitcoin Hits $80,000 - Why Trump is Boosting Crypto? 
Tobacco isn’t a good investment – study shows a decline in stock prices since 2016 
Nvidia Drives S&P 500 Gains as AI Enthusiasm Climbs Amid Rising Russia-Ukraine Nuclear Tensions 
Is Bitcoin’s Rally in Danger? Five Critical Signs Suggest Bull Run Could Be Nearing Its Peak 
Apple Fights Back Against DOJ Monopoly Allegations Amid Rising Big Tech Antitrust Pressure 
How will Donald Trump’s presidency affect the stock market in 2025? 
Cybertruck Joins Trump’s Motorcade at SpaceX Starship Test in Texas 
China’s Pony AI Pursues $4.55 Billion Valuation in Ambitious US IPO to Lead Robotaxi Surge 
S&P 500 Climbs on Cyclical Stocks as Nvidia and Alphabet Diverge Amid Fed Speculation 
Clinton and Yellen Stand Against Trump's Budget Ax: 'The CDFI Fund Must Be Preserved at All Costs' 
Wall Street in Shock! US-Russia Fright Fades as All Eyes Turn to Nvidia Earnings Bombshell 
Nvidia Shares Dip as Q4 Forecast Falls Short of Wall Street’s Lofty AI Hype 
$250B Bitcoin Reserve? Pompliano’s Vision to Make US the King of Crypto 
Samsung SDI revealed on Tuesday, Aug. 16, that it will be building its first research and development centers in the United States and Europe. The company is making this move in an effort to nail technological competitiveness in the ever-growing market for electric vehicles.
According to The Korea Herald, the Boston center which is also called SDI R&D America, will begin focusing on the development of new technologies related to batteries. The company will be working on this in collaboration with local startups and universities that have been doing research and developing lithium-ion battery technology and other related developments for the next-generation products.
The setting up of Samsung SDI’s new hub in the U.S. follows the opening of a similar research center in Munich, Germany, on July 1. It was established with the goal of developing innovative battery manufacturing technology and infrastructure.
Even with these new R&D centers, Samsung SDI still has plans to open more in other locations. It was reported that it is planning to put up one in China next year. With the facilities, the Korean battery and electronic materials manufacturer is hoping to attract more global talent and help it establish a robust research and development network in major key markets.
"We are establishing overseas R&D centers to secure super-gap technology competitiveness and strengthen the best quality via utilizing global state-of-art technology and overseas talents, starting from the United States and Europe, we will continuously increase regional R&D strongholds," Choi Yoon Ho, Samsung SDI's president and chief executive officer, said in a statement.
He added, "The establishment of R&D centers abroad is to further enhance our product quality with advanced technology developed by global talent. Starting with the ones in the US and Europe, we will continue to make more R&D centers in various regions.
The Korea Times reported that the Samsung SDI R&D America (SDIRA) was established in Boston this week. This is the company’s first facility in the area. The new hub is an addition to a similar center in Europe that was launched just last month called SDI R&D Europe (SDIRE).
Meanwhile, Samsung SDI invested around KRW 977.6 billion or $670.38 million last year for its research projects alone. The amount it put in for this has outdone its rivals in the country.
