SEOUL -- August 24, 2021 --  Samsung today announced a new set of investment plans in strategic businesses to drive future growth, committing KRW 240 trillion over three years until 2023. The investment will be led by various Samsung companies, including Samsung Electronics and Samsung Biologics.
The spending is expected to help Samsung strengthen its global standing in key industries while spearheading innovation in new fields such as next-generation telecommunications and robotics. Samsung also plans to solidify technology and market leadership through strategic mergers and acquisitions.
The investment includes capital expenditures and R&D spending and KRW 180 trillion out of the total will be invested in Korea. For the previous three-year period, Samsung completed its KRW 180 trillion investment as originally planned.
Investing in Strategic Businesses for the Future
In semiconductors, Samsung Electronics aims to further strengthen its global technology leadership. For system semiconductors, Samsung plans early execution of the already announced KRW 171 trillion investment to develop advanced process technology and expand the business for new applications in artificial intelligence (AI) and data centers. For memory, Samsung will focus on next-generation technology such as EUV-based sub 14-nanometer DRAM and over 200-layer V-NAND products to solidify its unparalleled leadership. Investments in memory will continue in R&D and infrastructure, focusing on meeting mid- to long-term demand rather than short-term changes in market conditions.
In biopharmaceuticals, Samsung Biologics and Samsung Bioepis will continue to make aggressive investments. Samsung will expand the contract manufacturing business by building two new plants in addition to three currently in operation and a fourth facility presently under construction. Samsung also plans to newly enter into the contract manufacturing of vaccines and cellular and gene therapy products, while the biosimilar business will continue to boost the product development pipeline.
For next-generation telecommunications, based on its technology leadership in 5G commercialization Samsung will focus on increasing investment in R&D and for securing talent related to network virtualization and open network development. Samsung also plans to bolster its software capabilities to enhance network sophistication and expand its product portfolio and new businesses.
Today’s investment plan will also support Samsung’s ongoing extensive R&D in new technologies and emerging applications in areas such as AI and robotics. Samsung intends to apply high-performance AI algorithms to more smart devices, while in robotics investments will look to secure core technology in the sector. In displays and batteries, Samsung will further extend its market leadership by expanding the application of next-generation OLED and quantum-dot displays and by developing high-energy density batteries and solid state battery products.
 
Commitment to Creating Jobs and Healthy Ecosystem
With the new investment commitment, Samsung expects to create 40,000 new jobs over the next three years. This includes generating up to 10,000 additional new jobs on top of previous hiring plans. Along with the direct employment, the investment in Korea is expected to help induce about 560,000 jobs in related industries and businesses.
Samsung will also expand its software training initiative for the youth as well as its venture incubation platform, C-Lab, to back more internal and outside startup companies.
Separately, Samsung plans to increase support for research and development in basic sciences and strengthen cooperation with the academia. Samsung will also continue to provide its “Smart Factory” program, an initiative that helps small and medium enterprises to enhance their manufacturing capabilities.
In addition, Samsung will boost its supplier support programs, including increasing incentive payments and continuing to maintain financing for partners through various funds.