Returning its leader, Samsung announced a colossal investment of more than $ 200 billion

Returning its leader, Samsung announced a colossal investment of more than $ 200 billion

Samsung has confirmed that it intends to spend $ 206 billion over the next three years developing its own artificial intelligence systems, biopharmaceuticals, semiconductors and robots. These investments will help the company maintain its leading role in the world after the pandemic ends.

The company says such spending will not only strengthen its position in highly competitive industries such as chip manufacturing, but also open up new growth opportunities in the telecom and robotics business. At the same time, Samsung did not disclose how much it is going to spend on development in each of the industries, but noted that it plans to mergers and acquisitions of other companies as an important development tool. Experts cite automotive semiconductor manufacturers such as NXP and Microchip Technologies as potential targets.

The announcement came shortly after Samsung vice chairman Lee Jae-yong was released on parole after serving 18 months in prison from his 30-month sentence. At that time, it was reported that he was released for political, social and business reasons. Concern is brewing in the country that important decisions are not being made at Samsung without him. With his return, the company is expected to be active soon.

NXP Semiconductors, one of the largest semiconductor suppliers in the automotive segment, was almost bought by Qualcomm in 2019, but then the deal fell apart due to the fault of Chinese regulators. At the time, Samsung was also thinking about buying the NXP.

As noted by The Korea Times, Samsung Electronics executives are ready to return to consideration of the purchase of NXP Semiconductors after the release of the company’s vice president. At current quotes, NXP Semiconductors may be worth $ 69 billion.

Returning its leader, Samsung announced a colossal investment of more than $ 200 billion

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