8/24/2021, 8:33 AM (Source: TeleTrader)
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Samsung announces $205 billion investment

Samsung Electronics announced on Tuesday that Samsung Group plans to invest $205.64 billion in expanding its business in the industries of semiconductors, robotics and artificial intelligence over the next three years.

The South Korean conglomerate and the world's biggest chipmaker noted the investment would position Samsung as a key player in the chip industry, while at the same time expanding its footprint in next-gen fields such as telecommunications and robotics.

The investment campaign is expected to be completed by the end of 2023, the company concluded.

Baha Breaking News (BBN) / ND