A wholly-owned subsidiary of the Samsung Group, Samsung Electronics is a Korean company that designs electronic products. It is recognized as a leading company in this sector. The company intends to continue to play a major role in the manufacture of chips, especially in these difficult times of global semiconductor shortages. To achieve this, the group has put in place a new investment plan for the next three years.
In order to strengthen its business, Samsung Electronics has opted for the implementation of a new investment plan. The subsidiary of the Samsung group is thus very ambitious in its prospects for the future. Indeed, it says it plans to invest 240,000 billion won (175 billion euros) over the next three years.
Considering the huge amount of money allocated for this project, the company is planning a large-scale investment plan. The plan is designed to strengthen the company's presence in certain key markets. The world's leading memory chip manufacturer wants to be more present in artificial intelligence, robotics, pharmaceuticals and semiconductors.
Samsung Electronics is aiming at some very specific objectives by developing this new investment plan scheduled until 2023. Indeed, through this project, the company intends to consolidate its position in strategic sectors such as the design of electronic chips.
Also, this investment in sight should allow it to benefit from new growth opportunities in the coming years. This, in several areas of the future. These include robotics and new generation telecommunications. In addition, the subsidiary of the South Korean conglomerate also aims to strengthen its position in the technology sector.
To achieve this goal, Samsung Electronics plans to adopt a strategy of mergers and acquisitions. This is a boon to forge new partnerships with other companies. Moreover, the company has not given any details as to how it plans to allocate the amount of its investments.
On the other hand, it believes that this new investment plan is a survival strategy that will allow it to maintain its competitiveness in the chip sector. The chip industry is considered to be the backbone of South Korea's economy.
Earlier, Samsung Electronics unveiled a $17 billion investment plan. This was in connection with the construction of a new factory in the United States. The plant is expected to specialize in the outsourcing of microchips.
However, the world's largest memory chip maker did not give any details about a potential link between the new investment plan and the previous one. For example, it did not explain whether the 175 billion euros of planned investments included the sum allocated for the first project.
In any case, it should be noted that the new investment plan drawn up by the group is about 30% higher than the three-year plan previously launched in 2018.