It said Samsung will spend 240 trillion won (about $205 billion) over the next three years to become a leader in strategically important businesses. Among the strategic businesses that Samsung says are Semiconductors, Biopharmaceutical production These include telecommunications and emerging technologies such as AI and robotics. 240 trillion won will also be used to create 4,000,000 jobs. Of the total investment, 180 trillion won will be spent in South Korea.
According to ZDNet, Samsung spent around 180 trillion won on research and development expenses between 2018 and 2020. The 240 trillion won that will be spent over the next 3 years is intended to prepare for the big changes that will occur in the important industrial sector and to stand as a leader in the much-anticipated social structure of the COVID-19 pandemic.
High-Tech Research and Development of Samsung
China is preparing to invest in high-tech research and development by more than 7% annually until 2035. Among the high-tech areas targeted for this research expenditure is the semiconductors business. Semiconductors are a mainstay of South Korea’s economy, and in 2020, 19.3% of the country’s exports will be semiconductors.
During the COVID-19 pandemic, the world’s leading chip manufacturers, such as Intel and TSMC. They are spending more money on chip production. In biopharmaceutical production, Samsung expects to cover 30% of the market by 2023, and in telecommunications. It will spend more money on upgrading networks and software that will improve performance.
Samsung plans to continue to focus on the current 5G network and strengthen preparations for the upcoming 6G network. Samsung’s 240 trillion won investment includes AI and robot technology research and development costs, as well as new display applications. It will also be used for high-energy batteries and automotive battery technology.