Samsung said it will spend around KRW 450 trillion (around $355 billion) in the semiconductor and biopharmaceutical segments over the next five years. The company will also invest in next-generation technologies to stay ahead of its competitors.
The South Korean tech chaebol has increased investment by 30% from its previous five-year plan of KRW 330 trillion (about $259 billion). Out of a total investment of $355 billion, Samsung will invest $283 billion in South Korea. The company said the world realizes how vital the semiconductor and biopharmaceutical industries are.
A majority of $355 billion will go to semiconductor design and manufacturing
Samsung said it would spend to improve the semiconductor chip architecture, manufacturing process and memory chips. It will also strengthen its research into new materials and technologies. The South Korean firm will improve application processors and camera image sensors. He said he would work on improving chipsets that have memory and logic solutions on the same die.
The company is expected to begin mass production of 3nm GAA chips later this year. This new semiconductor manufacturing process is expected to bring significant improvements in speed, space and energy efficiency. Hopefully, this will help Samsung Foundry overtake its main rival TSMC in the contract chip manufacturing segment.
Samsung will also improve biopharmaceutical technologies through investments
Samsung Biologics and Samsung Bioepis will also receive part of this investment to improve biopharmaceutical technologies. The company also said it will continue to invest in AI, 5G and 6G technologies.
To avoid situations such as the continuous shortage of chips, the company is taking measures by investing in semiconductor technologies, manufacturing and the complete supply chain mechanism. Samsung said its investments will create around 80,000 jobs over the next five years.
The investment announcement came after US President Joe Biden visited Samsung Foundry’s Pyeongtaek chip factory in South Korea a few days ago. Biden also met with Samsung Vice Chairman Lee Jae-ying and new South Korean President Yoon Suk-yeol.
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