Samsung to invest $206 billion into semiconductor field

Samsung plans to invest $206 billion into the field of semiconductors, biopharmaceuticals and next-gen communications over the next three years.

The announcement comes amid growing concerns surrounding semiconductor production and supply issues around the globe, with $180 trillion to be spent in South Korean employment and facility expansion alone.

The announcement follows an ongoing semi-conductor shortage and gap in chip production across the globe, driving organisations such as the European Union to intensify local production.

Samsung’s investment boost is expected to go largely into semiconductor manufacturing, with plans to advance chip manufacturing technologies for memory and processors.

Photo credit: SUNG YOON JO, Shutterstock

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