Samsung announces new push into Internet-connected gadgets

The company says it has created a line of tiny electronic components that combine low-power computer processors, transmitters and software that manufacturers can build into various products

Samsung wants to sell the digital brains that will go into billions of "smart" home appliances, industrial products and other Internet-connected gadgets whether those gadgets are made by Samsung or its competitors.

The South Korean company says it has created a line of tiny electronic components that combine low-power computer processors, transmitters and software that manufacturers can build into various products.

The new ARTIK components are part of Samsung's effort to be a major player in the so-called "Internet of Things," which analysts say could become a $3 trillion industry in the next five years.

Samsung is going after that market at a time when its core smartphone business is facing challenges from Apple and new Chinese phone makers. Samsung also makes other electronic components, TVs, refrigerators and other appliances.