• Forbes, Wednesday, June 22, 2016 9:01 AM

Samsung just can’t seem to get enough of the “Internet of Things.” On Tuesday, the South Korean electronics giant announced it would be investing $1.2 billion into the United States specifically around the Internet of Things market. “We think there’s still a lot to do in this area,” said Young Sohn, president and chief strategy officer of Samsung Electronics, in an interview. Defining the Internet of Things (or IoT) is a little tricky. In general, it’s dry jargon to describe the ever-increasing number of connected devices in our lives. But it’s both broad and vague enough that nearly any new technology these days could be described as IoT. Areas like agriculture, manufacturing, healthcare, the home and infrastructure are of particular interest for Samsung.

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