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Samsung’s Investments Are Sufficient to Strengthen the Company in Its Various Projects in the Market, Until 2023
The South Korean multinational Samsung announced that it is planning to invest heavily in the future, with the allocation of US$ 206 billion in its artificial intelligence, biopharmaceutical, semiconductor, and robotics projects by the end of 2023. The company emphasizes that the investment is sufficient to strengthen the company in various markets, such as electronic chips, as well as next-generation telecommunications and robotics. Also see this news: R$ 26 billion is announced by Energisa in projects to improve energy efficiency
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Projects That Samsung Will Invest In
Samsung Electronics and affiliates such as Samsung Biologics plan to lead research and spending in areas like telecommunications, robotics, and corporate acquisitions. The largest conglomerate in the country allocated 180 trillion won just for its home country and now intends to hire an additional 10,000 people during this period, in addition to the 30,000 new jobs that were already planned, the group stated in a statement.
Samsung did not specify how much will be allocated to each of the mentioned operations, but it is likely that it intends to acquire other semiconductor brands, such as NXP and MicroChip Technologies. It was also not disclosed whether the total amount already includes the US$ 17 billion spent on a new factory in Texas, United States. The total investment announced is US$ 45 billion higher than what the brand reported for the 2018-2021 triennium, representing a 30% increase.
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Seven world powers including the US, China, and Russia are spending €22 billion on a reactor in the south of France that aims to confine plasma at 150 million degrees Celsius, ten times the temperature of the Sun’s core, using a magnetic field capable of lifting an entire aircraft carrier.
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Russia will build 10 facilities for recycling construction waste by 2030, including a 462,000-ton-per-year plant in the Kirov region that will transform rubble into laminated wood panels in the largest project of its kind ever planned in the country.
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A two-bedroom container house measuring about 30 m² was delivered for R$ 76,500, with electrical, plumbing, painting, doors, and windows already installed: the client only needed to connect water, electricity, and sewage.
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Singapore’s colossal project aims to transform 800 hectares of the ocean into a “barrier island” the size of 1,120 football fields, with floodgates, pumps, and a freshwater reservoir to hold back the advancing sea on the east coast.
South Korean Multinational Plans Advanced Semiconductor Manufacturing
The investments include expenses that had already been presented, such as Samsung Electronics’ long-term goal of spending US$ 151 billion by 2030 on advanced semiconductor manufacturing. The announcement comes days after Samsung’s heir, Jay Y. Lee, was released from prison.
The de facto leader of the conglomerate was serving a sentence for corruption charges and received parole a few months before the presidential election in South Korea. Lee, 53, had been sent back to prison in January after being convicted of paying bribes in exchange for support in the formal succession of the conglomerate. The billionaire had served six of the 18 months of his sentence during his second stint in prison, in addition to the year he spent imprisoned until 2018.
Also See This News: South Korean Multinational Samsung Has Over 30 Job Opportunities Open
Samsung, the South Korean multinational operating in various branches of information technology, has 30 job opportunities open today (08/25) for the city of Campinas, located in the interior of the state of São Paulo. The company that sold the most smartphones in 2018 has openings for positions such as developer, project specialist, designer, communication analyst, senior tax analyst, and much more.
There are openings for the following positions: Research and Development Automation Intern; Network Security Researcher; Software Engineering Intern; Communication and Organizational Culture Analyst; Senior Tax Analyst; IT Infrastructure Specialist; R&D Project Specialist SR, and many other job opportunities opened by Samsung. Access here to read the full article.
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