Samsung has announced that it will make a massive investment of $115 billion in its chip and foundry business by 2030.
The company has revealed that it will be investing KRW 133 trillion and it is also planning to create 15,000 more jobs.
Samsung Electronics, a world leader in advanced semiconductor technology, today announced that it will invest KRW 133 trillion by 2030 to strengthen its competitiveness in System LSI and Foundry businesses.
The investment plan is expected to help the company to reach its goal of becoming the world leader in not only memory semiconductors but also logic chips by 2030. The company also plans to create 15,000 jobs in R&D and production to bolster its technological prowess.
Strategic Importance of the Investment
This substantial investment underscores Samsung’s commitment to advancing its semiconductor technology. The semiconductor industry is highly competitive, with major players like Intel, TSMC, and Qualcomm continually pushing the boundaries of innovation. By investing KRW 133 trillion, Samsung aims to not only maintain its leadership in memory chips but also to become a dominant force in the logic chip market. Logic chips are crucial for a wide range of applications, from smartphones and computers to artificial intelligence and autonomous vehicles. This diversification is essential for Samsung to mitigate risks associated with market fluctuations in memory chips.
Job Creation and Economic Impact
The creation of 15,000 jobs is another significant aspect of this investment. These jobs will primarily be in research and development (R&D) and production, areas that are critical for technological advancement. By bolstering its workforce, Samsung is not only enhancing its own capabilities but also contributing to the broader economy. The new jobs will likely be high-skilled positions, offering competitive salaries and benefits, which can have a positive ripple effect on local communities and economies.
Moreover, the investment in R&D will likely lead to innovations that could benefit various industries. For example, advancements in semiconductor technology can lead to more efficient and powerful consumer electronics, medical devices, and industrial machinery. This, in turn, can spur further economic growth and development.
You can find out more information about Samsung’s plans for their chip and foundry business over at Samsung at the link below.
Source Samsung
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