koreajoongangdaily.joins.com, May. 24, 2022 –
Samsung Electronics and related companies will invest 450 trillion won ($356 billion) over the course of the next five years on chips, biopharmaceuticals, advanced networks and artificial intelligence.
The investment total is up 30 percent from the previous five years, while 80 percent of the total will be committed to investments within Korea.
Suwon, Gyeonggi-based Samsung Electronics, which is Korea's largest company, did not break down where exactly the funds would be going, though based on the announcement and statements by the company, much of it will be going to Samsung Electronics itself. The company is related by various levels of shareholding to dozens of other companies active in a wide range of businesses.Samsung Electronics did say that it would like to become a leader in the foundry business, where it makes chips for others under contract using designs from the clients.