Samsung, the new plan represents a 36% increase of the investments compared to the total of those made in the last 5 years
The group Samsung presented a huge project of 356 billion investment dollars over the next five years with the aim of becoming a market leader in a wide range of industries, from semiconductors to biological products. The amount represents an increase of more than a third over the funds spent in the past five years.
The investment plan would bring “long-term growth in strategic businesses and help strengthen the global industrial ecosystem of critical technologies,” he said. Samsung.
The 80,000 new jobs would be created “in core businesses, including semiconductors and biopharmaceuticals” until 2026. The investment “would carry forward the mass production of chips based on the three-nanometer process “, the latter technology to further reduce the size of semiconductors and increase computing power.
The South Korean colossus it will also invest heavily in biopharmaceuticals with its affiliates Samsung Biologics and Samsung Bioepis. The new plan represents a 36% increase of the investments compared to the total of those made in the last five years. The company’s announcement comes after US President Joe Biden last week visited Samsung Electronics’ Pyeongtaek semiconductor factory, emphasizing the role of South Korean giant in the security of global supply chains of microchip.
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