Samsung Will Invest Around $206 Billion by 2023

Samsung Will Invest Around _206 Billion by 2023-01

Samsung Group has recently announced that it will invest $206 billion (240 trillion won) in the next three years. This will help the company to expand its footprint across artificial intelligence, semiconductors, biopharmaceuticals, and robotics in the post-pandemic era.

Basically, this investment through 2023 will strengthen the group’s widespread standing in the chip-making industry and others – allowing it to seek growth opportunities in robotics and telecommunications.

As explained by Samsung Electronics, “The chip industry is the safety plate of the Korean economy. Our aggressive investment is a survival strategy in a sense that once we lose our competitiveness, it is almost impossible to make a comeback.”

Source: Reuters

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