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Samsung is investing $115 billion to take on Qualcomm and Intel

Samsung Electronics is likely one of the biggest semiconductor avid gamers round, and the producer is making an investment $115 billion (133 trillion gained) over the following 12 years to tackle Qualcomm and Intel. Samsung says its purpose is to change into the sector chief in semiconductors and good judgment chips, and the corporate will make investments $nine.five billion a 12 months from now thru 2030.

Samsung will make investments $63.four billion (73 trillion gained) towards home R&D — the place it’s taking a look so as to add 15,000 jobs to “bolster its technological prowess” — and spend $52 billion (60 trillion gained) towards manufacturing amenities that may make the good judgment chips. Samsung has lengthy been the dominant participant within the reminiscence industry, however with that marketplace shrinking the South Korean producer can be taking a look to diversify.

Whilst the $115 billion turns out like a staggering quantity in the beginning, it is in step with what Samsung has been spending lately. Simply ultimate 12 months on my own Samsung invested over $15 billion in R&D, and Intel additionally spent over $10 billion towards growing new merchandise.

This put up would possibly comprise associate hyperlinks. See our disclosure coverage for extra main points.

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