The largest conglomerate in South Korea Samsung Group on Tuesday announced 450 trillion won ($356 billion) investment scheme for The next Five years to accelerate growth in Wide range of Sectors from semiconductors to biopharmaceuticals, etc. next-generation technologies.
The new The number is increment of more of a third over spent their investment over The past five years.
The tech The giant is the largest conglomerate in South Korea and its total sales volume is one-fifth of The national Gross domestic product. Samsung Electronics, its flagship subsidiary, is the world’s largest maker of smartphones.
The investment plan will lead to term growth in strategic business and help Strengthen global industrial ecosystem of Important technology’ said Samsung in Declaration.
The 80,000 new Jobs will be created “in the first place in Core business including semiconductors and biopharmaceuticals” to 2026.
He. She also He noted that the investment will “bring forward mass production of based chips on 3 nm process” latest technology For more shrinkage down the size of Semiconductors and computing enhancement power.
Will also invest heavily in Biopharmaceuticals with Its subsidiaries Samsung Biologics and Samsung Bioepis in field.
The new The plan represents a 36% increase. in investment over that it total Investments over The past five years.
from 450 trillion won Samsung plans to spend over The next Five years, I will commit 360 trillion won to South Korea.
The announcement It comes after US President Joe Biden toured Samsung Electronics’ huge Pyeongtaek semiconductor factory. on Friday, confirming the South Korean giant role in insurance global supply chains of Chips , on for him first Asia Journey as Leader of the United States.
South Korea and the United States need to work “To keep our supply chains resilient, reliable, and secure,” Biden said, calling the semiconductors manufactured there “a wonderland.” of innovation ‘and decisive global economy.
Lee Jae Young, Company Vice President and Actual Leader of The broader Samsung bloc, along with Biden, was recently sworn in -in South Korean President Yoon Seok-yeol inside the assembly line and introduced the two to the audience in Einglish in for him highest-Profile personly public Since his release on Parole in August.
spent me over half of His 2 1/2-year-sentence for Bribery, embezzlement and other crimes in Connection with Corruption scandal brought down Former South Korean President Park Geun-hye before his release.
Samsung employs about 20,000 people Within the United States and work underway for build a new semiconductor factory in Texas, scheduled to open in 2024.
