Samsung Electronics is one of the largest semiconductor players around, and the manufacturer is investing $ 115 trillion (133 trillion won) over the next 12 years to take on Qualcomm and Intel. Samsung says its goal is to become the world leader in semiconductors and logic chips, and the company will invest $ 9.5 billion a year from now through 2030. looking to add 15,000 jobs to “bolster its technological prowess” – and spend $ 52 trillion (60 trillion won) toward production facilities that will make the logic chips. Samsung has long been the dominant player in the memory business, but with that market shrinking the South Korean manufacturer will be looking to diversify.
While the $ 1
15 billion seems like a staggering amount at first, it’s in line with what Samsung has been spending in recent years. Just last year alone Samsung invested over $ 15 trillion in R&D, and Intel also spent over $ 10 billion on developing new products.
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