Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins 
Australia Housing Crisis Deepens as Worker Shortages Delay Homebuilding 
Asian Currencies Steady Ahead of US CPI as Oil Prices Rise 
Super Micro Stock Jumps 19% as AI Server Demand Drives Strong 2027 Outlook 
Trump Weighs Capital Gains Tax Cuts Ahead of Midterms 
Gold Prices Rise as Fed Rate Hike Bets Ease 
Nvidia Secures $500 Billion AI Infrastructure Push With Wall Street Giants 
S&P 500, Nasdaq Slip as Oil Jumps on Iran Tensions 
S&P 500, Nasdaq Futures Rise as Iran Risks and CPI Loom 
Gold Price Holds Near $4,400 as Hormuz Risks and CPI Drive Markets 
ADNOC Gas Targets Up to $4B Profit in 2026 
Sony, TSMC Eye $6.3 Billion Japan Chip Venture for Next-Gen Image Sensors 
SpaceX Shares Surge as Wall Street Backs AI Growth Potential 
Asian Stocks Mixed as RBA Holds Rates, Oil Risks Rise 
Oil, Gold Rise as Geopolitical Risks Grip Markets Ahead of U.S. CPI 
KOSPI Rebounds 20% as Samsung, SK Hynix Lead South Korea Stock Rally 
Bank of America to Buy Up to 49.9% Stake in Jio Credit for $1.92 Billion 
Add as a preferred source on Google
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.
