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Samsung steps up investment to build future innovation ecosystem

Samsung announced plans to boost investments in businesses that will drive its future growth, committing to a KRW25 trillion ($22.25 billion) investment over the next three years, primarily led by Samsung Electronics, in the areas of artificial intelligence (AI), 5G, automotive electronics components and biopharmaceuticals.

Samsung expects innovations powered by AI technology will drive the industry’s transformation, while the next-generation 5G telecommunications technology will create new opportunities in autonomous driving, the Internet of Things (IoT) and robotics.

Samsung expects innovations powered by AI technology will drive the industry’s transformation, while the next-generation 5G telecommunications technology will create new opportunities in autonomous driving, the Internet of Things (IoT) and robotics.

Samsung aims to become a leader in electronics components for future cars such as system-on-chips for autonomous driving, utilising its leadership in semiconductors, telecommunications and display technologies.

Samsung plans to invest a total of KRW180 trillion ($160.2 billion) over the next three years, including the spending on future growth businesses. The amount includes capital expenditures and R&D investments, and KRW130 trillion ($115.7 billion) out of the total will be spent in Korea.

Samsung will expand investments in manufacturing hubs, including in Pyeongtaek, to maintain global technology leadership and meet significant new demand from applications in AI, 5G, data centres and automotive electronics.

Together with the new investment, Samsung expects to create 40,000 new jobs over the next three years. This includes generating up to 20,000 additional new jobs on top of previous hiring plans, reflecting Samsung’s commitment to support youth employment.

Along with the direct employment, the investment in Korea is expected to help induce approximately 700,000 jobs in related industries and businesses.

Samsung will boost its supplier support programs to a total of KRW4 trillion ($3.56 billion), extending financing to more sub-contractors in the lower-level supply chain and increasing incentive payments. These programs will not only create stability within the supply chain, but also facilitate improvements within the partners.

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