Samsung Electronics Co. said Tuesday it has developed an application processor (AP) for Internet of Things (IoT) devices.
The South Korean tech giant said it has completed the development of the Exynos i T200 that boasts improved security. AP chips, referred to as the "brains" of electronic devices, play a key role in activating operating systems and applications.
The IoT is a concept in which all tangible objects are connected to the Internet and can identify themselves to other devices in order to exchange necessary data for improved efficiency and convenience.
The sector has been cited as one of the new growth engines for the global technology industry, with electronics giants focusing efforts on tapping deeper into the area.
Industry watchers said Samsung may start full-fledged commercialization of the new chip as early as the second quarter.