Samsung continues its rise in advanced technologies, with an investment plan of nearly 360 billion dollars by 2026. The South Korean giant is committed to creating 80,000 jobs over five years.
Leader in the world market for smartphones and televisions, Samsung does not intend to miss the boat in sectors of the future. And to stay in the race, the South Korean giant has planned to invest 450 trillion won, or $356 billion, over the next five years.
This impressive envelope aims to amplify the efforts of the conglomerate to remain at the forefront in strategic sectors, such as semiconductors and biopharmaceutical technologies. 80% of the investments will be made in South Korea. As part of this five-year plan, Samsung is committed to creating 80,000 jobs by 2026.
The amount just announced by the South Korean group includes a $205 billion investment plan over three years presented last summer to ramp up in advanced technologies. Samsung then planned to create 40,000 new jobs by 2023, including 10,000 in South Korea. It will ultimately double in the next five years.
A factory in Texas for 17 billion dollars
Also last year, the behemoth, whose global turnover represents a fifth of South Korea’s GDP, announced an investment of 147 billion dollars to increase its production capacity of semiconductors in its domestic market. by 2030. In the midst of a global shortage, the chaebol is also building a microchip factory in Texas for $17 billion. It should be operational in 2024.
Beyond a desire to free itself from the tensions currently affecting supply chains, Samsung, which represents 17% of the market, wants to remain in the lead car in semiconductors against the heavyweights TSMC and Intel. The American founder also plans to invest 100 billion dollars over ten years in the construction of a gigantic semiconductor production site in Ohio, in the United States, as well as 17 billion euros to build a mega-factory in Germany. Intel says it wants to invest up to 80 billion euros in the European Union over the next decade.