South Korean electronics giant Samsung is arming itself with a huge investment package for the future: Samsung wants to create new jobs on a large scale, especially in the semiconductor and biotechnology sectors.
The South Korean electronics giant plans to invest 450 trillion won over the next five years to fuel the growth of its semiconductor and biopharmaceutical businesses. Investments are 30 percent higher than in the five years to 2021, the company said.
The investment package is expected to create approximately one million new jobs. Securing domestic chip and bio supply chains is of strategic importance and important to South Korea’s economic security, Samsung said.
Source: Krone
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