Samsung Electronics plans over $73 billion investment to lead in AI chip sector


FILE PHOTO: The logo of Samsung Electronics is seen at the company's store in Seoul, South Korea, April 15, 2025. REUTERS/Kim Hong-Ji/File Photo

SEOUL, ⁠March 19 (Reuters) - ⁠Samsung Electronics said ‌on Thursday that it plans to ​invest more than ⁠110 ⁠trillion won ($73.24 billion) this ⁠year ‌in order ⁠to lead the semiconductor ​industry ‌in artificial intelligence.

The ⁠company ​said in a corporate ⁠filing that it ​was also seeking meaningful mergers ⁠and acquisitions for robots, medical technology, auto ​electronics ⁠and air-conditioning solutions.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Google top India counsel quits in latest departure amid regulatory hurdles, sources say
Uber, Pony.ai and Verne team up to launch Europe's first robotaxi service in Croatia
The EU’s biggest test for device makers: Replaceable batteries
US activists work to connect Iranians via Starlink
New on the iPhone: Shazam songs even when offline with iOS 26.4
First Robot: Melania Trump brings droid to White House event
Why AI means animal testing is not always needed to trial new medicines
Day of reckoning arrives for social media after US court loss
Teens get probation after using AI to create fake nudes of classmates
Revolut to base 40% of its global workforce in India by 2026

Others Also Read