HS Kim, President and CEO of Consumer Electronics Division, Samsung Electronics image: Samsung

Samsung has announced it’s investing 133 trillion South Korean Won ($116 billion) in its chip businesses through 2030, with plans to create 15,000 jobs in research and development to strengthen its tech. Out of the total, 73 trillion South Korean Won (nearly $64 billion) is geared for domestic R&D while the remainder 60 trillion South Korean Won (roughly $52 billion) is set for investments in domestic infrastructure.

Samsung has been a powerhouse in the chip manufacturing scene, with its prowess enabling it debut products like the Galaxy Fold, Galaxy A80, Galaxy A50 and A30 and a collection of wearables recently. The Korean company recently kicked off mass production of 5G chipsets, a market competitor Intel recently opted out of.

image: Samsung

This investment commitment comes a few days after Samsung announced it’s delaying the launch of the Galaxy Fold amid reports of breakdowns during tests.

Share this...

Facebook

Pinterest

Twitter

Linkedin

Whatsapp

Email

Print