Tech giant Samsung, best known for its consumer products, such as televisions and smartphones, continues to spend large amounts of money on research and
development of new technologies that will improve users' lives in the future. In fact, it recently announced that, until 2026, it will invest an incredible 450,000 billion won (equal to approximately 332.4 billion euros) in strategic areas such as artificial intelligence, semiconductors and biotechnology. About 80% of the investment goes to South Korea, the company's headquarters, and Samsung expects to create one million jobs and already plans to hire 80,000 people by 2026 and generate hundreds of thousands more. positions with its suppliers.
As noted by colleagues at Engadget, Samsung has further increased its investment from last August's 240,000 billion won and is also 30% higher than 330,000 won over the five-year period previous. The Korea Herald reported that the Samsung Electronics division will use these funds for chip design and manufacturing, which is particularly important as the company
is preparing to make chips on the 3nm manufacturing node so as not to lag behind competitor TSMC.
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