In a press release, Samsung revealed that it will invest KRW 450 trillion (roughly $355 billion) in these “future businesses” through 2027. That’s 36 percent more than the KRW 330 trillion (~$260 billion) it invested in the past five years. According to the company, about 80 percent of its total investment (KRW 360 trillion) would be made within its homeland South Korea. This marks a 44 percent increase in domestic investment from KRW 250 trillion between 2017 and 2022. Samsung aims to become a “semiconductor superpower” and continue contributing to the nation’s economy. The semiconductor industry accounts for 19 percent of South Korea’s exports and 45 percent of manufacturing facility investment. Samsung’s strategy to become a “semiconductor superpower” includes widening its lead in the memory market. The Korean behemoth has been the world’s largest memory chip maker for the longest. It now plans to strengthen its R&D (research and development) in the industry and look to use new materials and technologies. In addition, Samsung is looking to secure big contracts for its foundry business too. The company hasn’t been the best in this field lately, with arch-rival TSMC making superior chips. But it is now betting on the GAA-based 3nm process node, which will enter mass production later this year, to help it regain the lost ground. The firm plans to manufacture advanced application processors, 5G/6G modems, and image sensors.
Samsung will also make a big investment in biopharmaceutical and AI
Samsung’s five-year Dynamic Innovative Growth plan will also see its Biopies and Biologics divisions getting a big chunk of its multi-billion investment over the next five years. It is looking to improve and expand its CDMO (contract development and manufacturing of pharmaceutical products) business with next-gen technologies. The company will also localize raw materials and support up-and-coming firms in this industry. It expects the global biopharmaceutical market to be worth over $900 billion by 2027. AI is another key industry where Samsung sees huge growth in the coming years. The company says it is conducting advanced research at its global AI centers and will continue to invest big in this field. Expansion of 5G wireless communication and development of 6G technologies are also among the Korean firm’s goals for the next five years. 6G is expected to be commercially available in 2030 and Samsung wants to be at the forefront of this revolution. It’s not just technological advancements that Samsung has in mind, though. It also plans to create over 80,000 new jobs over the next five years for global economic development. The company will launch various programs to foster talent and give opportunities to deserving people. Samsung already runs several such programs but will expand to cover more people from different parts of the world.
