Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
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.
