In a press release issued on May 24, 2022, Samsung unveiled its investment plan for the next five years. With a global envelope of 356 billion dollars (330 billion euros), the South Korean giant decides to invest massively in semiconductors, biotechnologies and artificial intelligence.
The South Korean giant will recruit 80,000 employees
While most people primarily associate Samsung with smartphones and TVs, this massive investment proves that this is just the visible part of the Korean giant’s business. With its subsidiary Samsung Electronics, the company won first place in terms of sales, in the ranking of semiconductor producers. Between 2020 and 2021, the company’s revenue increased by 28%. The Korean manufacturer is positioned just ahead of Intel. With this new investment, Samsung shows that it intends to maintain this leading position.
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Spain invests heavily in semiconductor production
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To support this growth, the South Korean company plans to hire 80,000 additional employees by 2026. This investment of 330 billion euros is the largest ever announced since the existence of the group. More than ever, the stakes are high. An investment far superior to that made by the company over the past five years. Initially, Samsung promised an investment of 175 billion euros. Faced with market challenges, the South Korean giant preferred to review its roadmap and hit even harder.
Samsung also plans to attack Apple’s M1 chips
According to Korea Herald, Samsung Electronics will use this investment to strengthen its chip design and manufacturing processes. The company will start production of 3nm chips so as not to let TMSC take off. This investment should also enable the group to develop new, more powerful semiconductors for robots and many artificial intelligence applications. In its press release, Samsung also explains that it wants to accelerate research on the deployment of 6G.
Samsung is also planning to tackle Apple’s M1 chips. A working group called « Dream Platform One team » will be in charge of working on the development of this new SoC. Of the 330 billion euros announced, the vast majority (about 80%) is intended for South Korea, the country of origin of the company. Samsung plans to expand its factories and promises that this investment will create a million jobs indirectlywith its suppliers.
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