Samsung invests 206 billion USD to stimulate post-Covid-19 progress

Samsung mentioned the funding will assist strengthen the group’s energy in key industries comparable to chip manufacturing, whereas in search of progress alternatives in new areas comparable to robotics and next-generation telecommunications. .

Samsung additionally revealed plans to strengthen its management out there and know-how via acquisitions and mergers (M&A). The Group doesn’t disclose the small print of the allocation of funding funds.

Samsung’s new plan is 30% bigger than the final plan in 2018. The corporate determined to extend funding to keep up its foothold, particularly in “emergency conditions” at residence and overseas.

In line with Samsung, the chip trade is the “secure disk” of the Korean financial system they usually actively put money into such a significant technique. “When you lose your aggressive edge, it is nearly inconceivable to get again,” Samsung mentioned.

Its rivals comparable to TSMC and Intel are all making massive investments amid the worldwide semiconductor disaster and more and more intense competitors within the superior chip section. Samsung introduced the brand new technique simply over every week after Vice Chairman Lee Jae Yong was launched from jail.

Du Lam