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.

($1 = ​1,501.8100 ‌won)

(Reporting by Heejin ​Kim and Hyunjoo Jin)

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