Samsung plans to invest $206 billion into the field of semiconductors, biopharmaceuticals and next-gen communications over the next three years.
The announcement comes amid growing concerns surrounding semiconductor
production and supply issues around the globe, with $180
trillion to be spent in South Korean employment and facility
expansion alone.
The announcement follows an ongoing semi-conductor shortage
and gap in chip production across the globe, driving
organisations such as the European Union to intensify local
production.
Samsung’s investment boost is expected to go largely
into semiconductor manufacturing, with plans to advance chip manufacturing
technologies for memory and processors.
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