Samsung to invest €138 billion in technology over the next three years jaar

By admin On Aug 8, 2018

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Samsung will invest a total of 180 trillion Korean won in new technology, facilities and start-ups over the next three years. An amount of 25 trillion won is earmarked for the growth markets artificial intelligence, 5G and chips for autonomous cars.

Converted, this concerns amounts of 138.4 billion and 19.2 billion euros respectively. The investments in artificial intelligence, 5G and technology for autonomous cars are mainly made by Samsung Electronics. With the investments, Samsung aims to gain leadership in new markets and maintain its position as the market leader in chip manufacturing and displays.

Samsung expects developments around artificial intelligence to play a major role in the coming years and is investing heavily in this. The company aims to employ 1,000 leading researchers worldwide in its artificial intelligence research centers.

Samsung is also focusing on 5g, because this creates new possibilities for autonomous driving, the Internet of Things and robotics. The company says it will invest aggressively to become a major player in the market for 5G chipsets and related equipment. In addition, Samsung wants to become the market leader when it comes to chips for autonomous cars.

Samsung Semiconductor, the chip maker, will invest in manufacturing facilities to meet expected demand for chips for artificial intelligence, 5G and autonomous cars. Samsung will also continue to invest in memory production and new, advanced production equipment.

In the field of displays, Samsung says it will invest more to develop high-quality products that distinguish themselves from the competition. Samsung is working on microLED, among other things, which has to compete with OLED.

Samsung is also going to invest more in start-ups through its C-Lab incubation program. With this, the company wants to support a total of five hundred projects over the next five years, of which three hundred are external candidates and two hundred within Samsung itself.

The largest part of the investments, 130 trillion won, or about 100 billion euros, is spent in South Korea. Samsung expects the investments to create a total of 40,000 new jobs over the next three years. According to Samsung, the investment plans are the result of many months of consultation and review by the management and boards of the various Samsung companies.