To boost its competitiveness in the System LSI and Foundry industries, Samsung Electronics, a global leader in advanced semiconductor technology, announced that it will invest KRW 133 trillion by 2030.
By 2030, the company hopes to become the global leader in both memory semiconductors and logic chips, and the investment plan is intended to assist in this endeavour. In order to improve its technological capabilities, the corporation also intends to add 15,000 positions to R&D and production.
The investments until 2030 will be split between KRW 60 trillion for production infrastructure and KRW 73 trillion for domestic R&D. According to this strategy, until 2030, KRW 11 trillion is planned to be invested on average year in logic semiconductor R&D and facilities.
A worldwide industrial corporation with its headquarters in Samsung Town, Seoul, South Korea, is known as Samsung Group or just Samsung. It is the largest South Korean chaebol (business conglomerate) and consists of multiple connected companies, the majority of which are unified under the Samsung name. Samsung will have the eighth-highest worldwide brand value in 2020.
The group expanded into industries like food processing, textiles, insurance, securities, and retail over the course of the following three decades. In the late 1960s and the middle of the 1970s, Samsung entered the shipbuilding and construction industries.