Samsung Announces $355 Billion Investment Against the Chip Crisis

South Korea-based technology giant Samsung has announced its new plan for the near future today. With its press release, the company is committed to strategic business involving semiconductors, biopharmaceuticals (biological medicinal product) and next-generation technologies over the next five years. 455 trillion won ($355 billion) announced that he would spend

This expenditure figure, which the company determined for the next 5 years, was 30% more than the figure announced for the previous five-year plan. It is stated that 450 trillion won will be for capital expenditure and research expenditures, while the total amount of this fund is 360 trillion will be devoted to studies in South Korea announced.

Samsung strengthens research and development

With Samsung’s announcement, the company announced that it will invest in memory chips in the semiconductor sector and research on new materials and chip architecture announced that it will strengthen However, some of the investment will also focus on logic chips such as application processors and image sensors. It was also noted that 3 nm technology will be featured. Other areas included in the spending plan included 5G, 6G and artificial intelligence.

With the announcement of the new spending plan, the company emphasized that it is important to protect the supply chain for these sectors in South Korea under the current conditions. In addition to the allocated fund, the technology giant will be in South Korea within a 5-year period. 80 thousand new job opportunities will be created explained.

Could be a solution to the chip crisis

Samsung, world’s largest semiconductor chip manufacturer as we are in; It is one of the companies most affected by the chip crisis, which affects all electronics from automobiles to smartphones. The South Korean technology giant can remedy the production contraction caused by the chip crisis with its 5-year giant plan that it has increased by 30 percent.