Seeking novel growth drivers, samsung plans $22 billion spending on novel tech

Seeking novel growth drivers, samsung plans $22 billion spending on novel tech BuyLinkShop: Samsung assemblage accomplish invest 25 trillion won ($22 billion) in affected intelligence, 5g fickle technology, electronic components for autos, and the biopharmaceutical occupation in pursuit of novel growth areas, samsung electronics said on wednesday.


Seoul (BuyLinkShop, quoting the Reuters) - samsung order accomplish invest 25 trillion won ($22 billion) in unnatural intelligence, 5g variable technology, electronic components for autos, and the biopharmaceutical trade in pursuit of recent growth areas, samsung electronics (005930.ks) said on wednesday. smooth photo: the samsung logo is seen in seoul, south korea, march 23, 2018. reuters/kim hong-ji/file photoin flagging specific areas of investment, the propose is the pristine of its tender for the conglomerate and suggests more emphasis than accustomed on expanding into recent segments as its nucleus semiconductor and smartphone businesses unfold signs of decrepitude. the investment is too side of a bigger 180 trillion won three-year propose to produce jobs and sure young wealth streams, providing the pristine suggest of tendency for samsung since order heir jay y. lee was released from jail in february on a suspended phrase succeeding a persuasion for bribery. he is appealing the persuasion. “the aggregate investment magnitude is not surprising. yet samsung can live more strong in m&as to do reform at ai or 5g, when lee is fully train to his business,” greg roh, an analyst at hyundai motor securities, said. samsung electronics said the rumor followed “many months of deliberations and review” by the order. samsung electronics, the world’s apex creator of retention chips and smartphones and the group’s flagship company, did not provide a breakdown of the figures yet said it accomplish provide the funds for most of the investment. it said the order plans to significantly unfold unnatural sense (ai) scrutiny capability, increasing the number of special ai researchers to 1,000 athwart its global ai centers, and heavily invest in biopharmaceuticals. “samsung has seen zealous growth from twain its stipulation manufacturing and biosimilar businesses. it accomplish protract to invest heavily in the businesses, including developing and manufacturing biosimilars,” the statement said. the rumor sent shares in stipulation drugmaker samsung biologics (207940.ks) up 7 percent. shares in the group’s tidings technology services unite samsung sds (018260.ks) rose closely 6 percent. samsung electronics shares were puny changed. the 180 trillion won propose includes principal spending as hale as scrutiny and product in chips and displays and marks a 6 percent spread from its spending uncommon the departed three years. of the total, 130 trillion won accomplish live spent in south korea, and is expected to produce 40,000 jobs, or 20,000 more than its prior hiring plans, samsung said. the rumor comes succeeding south korea’s finance wait met jay y. lee on monday and named for succor in job creation, a priority for the country’s principal moon jae-in. lee has sought to unfold samsung’s trade into automotive electronics components. he signed off on an $8 billion purchase of u.s.-based harman interpolitical in 2016. yet the expansion surprise has since stalled succeeding the political slander that led to lee’s persuasion and a vibrate up of apex treatment. samsung order has 62 affiliates, with aggregate property of 399 trillion won, according to the country’s untarnished commerce rent.

8/8/2018
17:18:16
5.0 / 5
1747
Tags: technology , trade
Was this helpful?
(1)
(0)
Most Recent Content
Comments from viewers about this post
Your comment on this post
name:
Email:
comment:
Q:
sum of 1 & 1 ?
Our Friends