Samsung to invest $115 billion in System Design
Samsung to invest $115 billion in System Design
Samsung Electronics recently announced that it will invest up to $155 billion by 2030 to enhance its own system design (System LSI). The competition in the foundry business is already tough but with this investment, the South Korean manufacturer will move higher in the chat. Samsung chips are currently not far behind the competition. This investment will be a plus for the company.
These investments are mainly divided into two parts, of which ∼$63 billion will be used for research and development in South Korea and $52 billion is used for production infrastructure.
Samsung was founded by Lee Byung-chul in 1938 as a trading company. Over the next three decades, the group diversified into areas including food processing, textiles, insurance, securities, and retail. Samsung entered the electronics industry in the late 1960s and the construction and shipbuilding industries in the mid-1970s; these areas would drive its subsequent growth.
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