5/24/2022, 8:12 AM (Source: TeleTrader)
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Samsung to invest $360B in chips, bioscience, AI

Samsung Electronics Co. Ltd. announced on Tuesday that it will direct 450 trillion won ($360 billion) into semiconductors, biotech investments and artificial intelligence and next-generation communication over the next five-year period.

The largest part of the investment, $280 billion, will be allocated to domestic research and development in South Korea.

The total investment of $360 billion is 36% bigger than what the company had invested over the previous five-year timeframe.

Baha Breaking News (BBN) / MS