Samsung said today that these investments will be used to expand the company’s three main growth areas: semiconductor manufacturing, biopharmaceuticals, and the development of other next-generation technologies.
HarmonyOS lead developer left Huawei
TSMC
According to the information received, this is the largest investment package in the company’s history. The budget of the previous five-year package was 30% less. Of the amount specified by the company, $285 billion will be invested in business development in South Korea. In particular, Samsung Electronics, now the world’s second largest contract chip maker, plans to close the gap with industry-leading Taiwanese TSMC.
Samsung Electronics plans to start mass production of 3nm chips in the first half of the year and even thinner chips by the end of the year. It is also within the company’s plans to develop next-generation chips for supercomputers, robots and other devices using artificial intelligence. On the other hand, this huge investment is expected to create a total of 1 million job opportunities for the Samsung Group and its suppliers.
Let’s remind you that Samsung ranks first among 500 companies in South Korea, according to the data announced on May 19, 2022. The South Korean giant became the leader for the third time in a row.
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