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    Samsung's huge investment for the next three years - from biologics to chips and robotics
    21 Days, 3 Hours ago


    Tags:  Investment  -  Samsung

    Samsung on Tuesday, August 24, 2021 (September 2, 1400) published a news on its main website, outlining its investment plan for the next three years. Under the plan, Samsung plans to invest $ 240 trillion (at the current exchange rate of $ 205 billion) in various sectors - including biologics, artificial intelligence, the semiconductor industry and robotics. Under the investment, which is planned for the post-Corona era, about 40,000 new employees will be hired by Samsung. The ultimate goal of this investment is to promote Samsung's international position and to overtake competitors in these industries.

    https://mobiletony.com Samsung's huge investment for the next three years - from biologics to chips and robotics

    Three-quarters of that amount - $ 180 trillion (about $ 154 billion) - was invested in Korea, and as mentioned , By 2023 will create over 40,000 new jobs in this country. The investment will be made by Samsung subsidiaries, including Samsung Electronics and Samsung Biology. In addition, Samsung noted that in order to strengthen the technological foundation and market leadership, the integration and acquisition of companies is also on its agenda. However, the Korean company has refused to provide more detailed figures on these investments. Earlier, Samsung - the world's largest chip maker - announced a $ 17 billion investment to build a chip plant in Texas. The vague point here is that Samsung has not specified whether the recently released investment figure will include this $ 17 billion. It should be noted that Samsung's new investment volume is 30% higher compared to the three-year investment that started in 2018.

    The chip industry is one of the mainstays of the Korean economy. According to Samsung, this aggressive investment is also a kind of survival strategy, because once it leaves the competition, it is almost impossible to return. The Taiwanese company TSMC and the American company Intel, which are Samsung's most important competitors in the field of chip manufacturing, have made huge investments to develop their business in the midst of the global chip shortage and fierce competition in the advanced chip sector.

    https://mobiletony.com Samsung's huge investment for the next three years - from biologics to chips and robotics Lee Jae-yong Chairman of the Board of Samsung





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