Samsung planning to invest $22 billion on artificial intelligence (AI), 5G, automotive electronics components, and biopharmaceuticals through 2021, part of overall $160 billion investment plan

Briefing

Samsung planning to invest $22 billion on artificial intelligence (AI), 5G, automotive electronics components, and biopharmaceuticals through 2021, part of overall $160 billion investment plan

August 13, 2018

Briefing
  • Emerging Technology Investments – Consumer electronics giant Samsung plans to spend 25 trillion won ($22 billion) on emerging technologies artificial intelligence (AI), 5G, automotive electronics components, and biopharmaceuticals through 2021
  • Job Creation – Plans to create 40,000 new jobs through 2021, increasing global AI employees to 1,000
  • Software Education – Will setup and operate software education centers across South Korea that will train 10,000 students and professionals, while providing employment consulting services through 2023
  • Supplier Support – Aims to expand support for suppliers through financing and incentive payments up to total of KRW 4 trillion ($3.5 billion), while helping more small and medium enterprises (SMEs) switch to smart factories
  • $160 Billion Total Investments – Targets to invest 180 trillion won ($160 billion) in total through 2021, including capital expenditures and research and development (R&D) investments, with over 70% to be spent in South Korea

Accelerator
Artificial Intelligence, Biotechnology and Bioinformatics, Computation and Storage, Networks and Connectivity, Transportation and Mobility

Market Disruption
Intelligent, Data-Optimized Supply Chains, Up-to-Date, Specialized Skills

Business Model and Practices

Business Model
and Practices
Dynamic Strategic Management, Optimized Supply Chain, Smart, Creative People

Sector
Consumer Durables, Industrial Manufacturing, Information Technology

Organization
Samsung

Source

Original Publication Date
August 8, 2018

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