Samsung will invest 240 trillion won in strategic businesses such as semiconductors and AI in the next three years

On August 24, according to foreign media reports, on Tuesday, Samsung said that in the next three years, it will invest 240 trillion won (approximately 206 billion won) in strategic businesses such as semiconductors, biopharmaceuticals, telecommunications, artificial intelligence (AI), and robotics. Dollar).

 

Samsung said the investment will help strengthen the group’s global position in key industries such as chip manufacturing, while enabling it to seek growth opportunities in new areas such as robotics and next-generation telecommunications.

 

According to foreign media reports, Samsung’s 240 trillion won investment will directly create 40,000 jobs, of which 180 trillion won will be used to invest in South Korea.

 

Since the second half of 2020, the problem of chip shortage has become the main theme of the semiconductor industry. At present, this problem has had an impact on global automakers, and its root cause is the competition between automakers and the consumer electronics industry for chip supply and many other factors.

 

Foreign media said that in the context of global chip shortages and intensified competition for cutting-edge chips, chip competitors including TSMC and Intel are also investing heavily.

Christopher Pacheco has worked as financial analyst until his retirement. He is a well-known research director and portfolio manager for more than 5 years. After many years in the market, he dedicated all his time to write articles highlighting different financial problems.

Christopher Pacheco holds a postgraduate degree in Software Engineering from Canada. ‘The stock market is filled with individuals who know the price of everything, but the value of nothing.’ Christopher is a share market expert, being personally invested for over 6 years. He believes the most valuable nugget of wisdom for new investors is a quote from Phillip Fisher. He has been writing his entire life, and while he has made a career of business and finance reporting, he still enjoys writing short stories and poetry.

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