Grand Cayman Cayman Islands, 08/24/2021 / News Bureau /
An investment plan of $205 billion is announced by Samsung
Samsung Group announced Tuesday a $205 billion investment plan. It aims to make the company a leader in semiconductors and robotics, as well as creating 40,000 new jobs.
“Samsung Electronics plans to develop advanced process technology and expand the business with artificial intelligence (AI) and data centers for its system semiconductors while it will focus on up-to-date technology such as EUV-based sub14-nanometer DRAM and over 200-layer V-NAND products for the memory business. Samsung had announced in May the company will invest $151 billion in its logic chip and foundry sector, to be the top logic chip maker, by 2030.” Techcrunch
The company is the largest conglomerate in South Korea. One fifth of South Korea’s gross domestic product is generated by it. Samsung Electronics, its flagship subsidiary, is the world’s largest manufacturer of smartphones.
Source:
Samsung to invest $205B in semiconductor, biopharma and telco units by 2023, creating 40,000 jobs
Source: Submit123News
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