SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission. Learn more.

Samsung has a $206 billion game plan to survive in the future


Last updated: August 24th, 2021 at 08:43 UTC+02:00

Complacency can be fatal for any company but when you’re a global conglomerate with rivals itching to take you down, nothing can be left to chance. Samsung has faced incredible business challenges over the years but it has been able to overcome them through leadership and innovation.

As the world evolves and new technologies gain momentum, Samsung wants to ensure that it remains as competitive as ever before. To that end, the company has drawn up a new game plan worth $206 billion to secure its future.

Samsung is making bold moves for its future

Samsung confirmed today that the Samsung Group will be investing approximately $206 billion in the next three years to enhance its capabilities in the artificial intelligence, biopharmaceutical, semiconductor and robotics industries. The investments are meant to prepare Samsung for a leading role in the post-pandemic world.

These investments will be made through 2023. The company says that this move will enable it to strengthen in global position in competitive industries like the chip market while also providing it with new opportunities for growth in next-generation telecommunications and robotics.

Samsung Electronics didn’t provide a breakdown of the exact amounts that it will be spending on each of the highlighted industries. However, it once again reiterated that mergers and acquisitions are being considered to consolidate technology and gain market leadership.

With more than $114 billion in cash, Samsung is in a very strong position to buy new companies. Its potential targets are said to include automotive semiconductor companies like NXP and Microchip Technologies.

The company’s $206 billion game plan has been revealed over a week after its leader Lee Jae-yong was released from prison on parole. His return to the office was said to be crucial for progress on Samsung’s major plans. With the heir back in action, we might see some progress in its merger activities soon enough.

Via Business Samsung Electronics
Load 1 comments

You might also like

Samsung lost seven places in terms of global market cap since 2021

According to a recent report by London-based accounting firm PWC, Samsung Electronics has the world’s 22 …

  • By Mihai Matei
  • 22 mins ago

Samsung halts component orders amid fears of oversupply and global inf …

Samsung Electronics is reportedly reevaluating supply and demand amid concerns over global inflation levels. T …

  • By Mihai Matei
  • 1 week ago

Japanese airline reminds us that a Galaxy Z global rebranding is due

Japanese airline Zipair is removing the “Z” logo from the side of its planes to avoid being associ …

  • By Mihai Matei
  • 1 week ago

Samsung leads smartphone shipments in Europe as the market hits new lo …

The European smartphone market suffered a setback in the first quarter of the year, and Samsung also experienc …

  • By Mihai Matei
  • 1 week ago

Samsung to relocate 300 workers from closed TV LCD division to chip un …

According to insider sources, Samsung is planning to move around 300 workers from its now-closed TV LCD panel …

  • By Sagar Naresh
  • 1 week ago

Samsung Electronics’ stock price has reached its lowest point in …

Samsung Electronics’ stock price has hit a new low today. The downturn in the semiconductor market and c …

  • By Mihai Matei
  • 2 weeks ago