Home Tech Samsung to Invest KRW 240 Trillion Over Next Three Years; Expand Into...

Samsung to Invest KRW 240 Trillion Over Next Three Years; Expand Into AI, Robotics, More Industries


Samsung Group will invest KRW 240 trillion (roughly Rs. 15,26,645 crores) in the next three years to expand footprint in biopharmaceutical, artificial intelligence, semiconductor, and robotics industries in the post-pandemic era, Samsung Electronics said.

South Korea’s top conglomerate said on Tuesday the investments through 2023 are expected to help Samsung strengthen its global standing in key industries such as the chip sector, while seeking more growth opportunities in new fields such as next-generation telecommunications and robotics.

Samsung, the world’s largest memory chip maker, did not provide a breakdown of the figures, though it added that the group plans to solidify technology and market leadership through mergers and acquisitions.

Samsung also did not provide any details on its reported investment of $17 billion (roughly Rs. 1,26,050 crores) for a chip factory in the United States. According to a document filed with Texas state officials, the company is considering a location in Williamson County for the chip contract manufacturing facility that would result in 1,800 new jobs.

The investment plan comes more than a week after its leader Jay Y. Lee was released from jail on parole following convictions of bribery and embezzlement.

© Thomson Reuters 2021


Are the Galaxy Z Fold 3 and Z Flip 3 still made for enthusiasts — or are they good enough for everyone? We discussed this on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.



Source link

RELATED ARTICLES

HP 11-inch Tablet PC With a Flippable Camera Launched; New Devices With Windows 11 Compatibility Announced

HP 11-inch Tablet PC was announced on Tuesday, September 21. The tablet comes with a detachable keyboard that can be mounted to the...

Nokia G50 With Triple Rear Cameras, Snapdragon 480 SoC Launched: Price, Specifications

Nokia G50 was launched on Wednesday as the latest affordable 5G phone by Nokia brand licensee HMD Global. The new Nokia phone comes...

Realme GT Review: An All-Rounder at the Right Price

The Realme GT is currently the most high-end offering in Realme's new GT series of smartphones. I've used this phone for more than...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

US Authorises Pfizer’s Covid Booster Shots For Elderly And High-Risk: Statement

<!-- -->US has authorised the use of Pfizer booster shots for those above 65 (Representational)Washington: The United States on Wednesday authorized the use...

US Rules Out Adding India, Japan To New AUKUS Security Pact

<!-- -->There is no one else who will be involved in security in the Indo-Pacific, Jen Psaki said (File)Washington: The United States has...

PM Modi Arrives In Washington Ahead Of Quad, UN Address: 10 Points

<!-- -->M Modi was received at the airport by senior Biden officials and Envoy Taranjit Singh SandhuNew Delhi: Prime Minister Narendra Modi, who...

Vendors Meet Tamil Nadu Minister Over Ford’s India Exit

<!-- -->The vendors raised concerns of job losses and also suggested measures to avert adverse effectsChennai: At least 75 vendors from across Tamil...

Recent Comments