Fresh off running a 2-minute Super Bowl ad, Samsung (SSNLF.PK) announces it's launching two VC...

|About: Samsung Electronics Co., Ltd. (SSNLF)|By:, SA News Editor

Fresh off running a 2-minute Super Bowl ad, Samsung (SSNLF.PK) announces it's launching two VC funds that will have a combined $1.1B in capital, as well as a "strategy and innovation center" on Sand Hill Road. The smartphone giant has been busy growing its Silicon Valley footprint as it tries to fend off Apple and a slew of hungry Chinese rivals: in December, Samsung announced it would create a giant sales/R&D facility in San Jose.