Huge investment for Samsung
Samsung is planning to invest $356 billion over the next five years in order to grow technologically. They will focus on areas such as semiconductors, biopharmaceuticals, and other new innovations. South Korea’s leading multinational conglomerate, the Samsung Group, announced on Tuesday that investments will drive long-term growth in strategic areas like biopharmaceuticals and semiconductors. The company pledged aggressive investment in these areas by 2026.
Samsung did not release details of its investment in plant production. However, Samsung reported that will make 80% of the investment the company itself. It is also worth noting that their plan does not include electric vehicle batteries.
Samsung SDI, is going to be announcing their new battery plant in the US state of Indiana. It will be a collaboration with Chrysler’s parent company, Stellantis. South Korea’s domestic supply chain of semiconductors and bio-products will be important for country’s economic security in coming years. Securing the trade of these products is a key issue that Samsung is focused on. The 450 trillion won investment, expected to create 1.07 million jobs, is more than 30% larger than the 330 trillion won the company invested five years to 2021. Had you already heard abou the huge investment for Samsung?
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Author: PC-GR
The World of Technology
