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

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

Synopsis

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.

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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.
Originally published on ET Tech.