Samsung €19.25 billion R&D for 5G, AI, SoC

Samsung to invest $22 billion into new growth areas like A.I. and 5G

According to the Korean tech giant, the announcement comes after many months of deliberations and review by the management and board of directors of different Samsung companies that plan to make investments.

The total planned investment of 6% exceeds the volume of investments in the last three years. Youth unemployment rates are at historic highs and exports, apart from the booming memory chip sector, have been slow to recover.

The firm has said that $21bn (£17bn) will be invested over the next three years in the areas of artificial intelligence (AI), 5G, automotive electronics components and biopharmaceuticals in a bid to aid future growth.

Trump is a bigot who used racial slurs, ex-aide Omarosa says
Right on time, as the news broke, Manigault Newman touted her upcoming book tour on Instagram, ready to capture some sales. Sanders says, "It's sad that a disgruntled former White House employee is trying to profit off these false attacks".


In total, Samsung expects to create 40,000 jobs over the next three years.

The plan includes capital spending, in addition to research and development for chips and displays. However, it told Reuters that "it will provide most of the investment". Lee was freed after almost a year in jail but former President Park Geun-hye and a close associate remain imprisoned for bribery and other charges.

Jay Lee, the vice chairman of Samsung Electronics, is appealing that conviction after being released from jail in February with a suspended sentence. The company said it will "invest aggressively" towards its goal of being a global player in advanced markets for 5G chipsets and related devices and equipment.

Annual Perseid Meteor Shower Coming This Weekend
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Chung said reformist President Moon Jae-in's campaign to clip the wings of the country's powerful family-run conglomerates, known as chaebols, appeared to be losing steam in the face of stonewalling business groups which are "wielding prospects for investment as their weapons". Samsung plans to allocate 25 trillion won in such fields. Mr Lee, who has led Samsung since his father fell ill in 2014, denies wrongdoing and has appealed the ruling.

The company has been hit by a series of scandals in recent years.

The announcement sent shares in Samsung's contract drugmaker Biologics and in its IT affiliate SDS up five per cent. Samsung Electronics' share price closed this morning flat.

Pope exudes confidence of playing well, if picked
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