Samsung has announced that it will invest $356 billion over the next five years to accelerate growth in the semiconductor sector and other technological areas.
The company said that investments through to
2026 are expected to drive Samsung’s growth in
areas including the chip sector and biopharmaceutical
sector, with plans for up to 80% of
investment to be used in South Korea.
The
investment is also expected to create 1.07 million
jobs and marks a 30% increase over
Samsung’s previous investment in the five years leading
up to 2021.
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