Samsung has announced that it will spend around KRW 450 trillion (around $355 billion) on semiconductor and biopharmaceutical segments over the next five years. The company will also invest in next-generation technologies to stay ahead of its competitors.
The South Korean tech chaebol has increased its investment by 30% compared to its previous five-year plan of KRW 330 trillion (around $259 billion). From a total investment of $355 billion, Samsung will invest $283 billion in South Korea. The company said that the whole world realizes how vital semiconductor and biopharmaceutical industries are.
A majority of $355 billion will go into semiconductor designing and manufacturing
Samsung said that it would spend on improving the semiconductor chip architecture, manufacturing process, and memory chips. It will also strengthen its research on new materials and technologies. The South Korean firm will improve application processors and camera image sensors. It said that it will work on improving chipsets that have memory and logic solutions on the same die.
The company is expected to start the mass production of 3nm GAA chips sometime later this year. This new semiconductor fabrication process is expected to bring considerable improvements in speed, space, and power efficiency. Hopefully, it will help Samsung Foundry overtake its main rival TSMC in the contract chip manufacturing segment.
Samsung will also improve biopharmaceutical technologies through investment
Samsung Biologics and Samsung Bioepis will also get a part of this investment to improve biopharmaceutical technologies. The company also said that it would continue to invest in AI, 5G, and 6G technologies.
To avoid situations like the ongoing chip shortage, the company is taking measures by investing in semiconductor technologies, manufacturing, and the complete supply chain mechanism. Samsung said that its investments would create around 80,000 jobs over the next five years.
The investment announcement came after US President Joe Biden visited Samsung Foundry's Pyeongtaek chip factory in South Korea a couple of days ago. Biden also met Samsung Vice Chairman Lee Jae-ying and the new South Korean President Yoon Suk-yeol.
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