Samsung is looking forward to leading the AI market and tech industry, and has now announced a massive domestic investment plan worth $309 billion over the next five years.
Samsung, through its newsroom, announced its largest investment plan, valued at 450 trillion won, equivalent to nearly $309.1 billion, over the next five years. The plan aims to focus on research and development, AI data centers, and expanding semiconductor capacity nationwide.
Reportedly, this announcement followed a public-private meeting at the presidential office in Yongsan, where President Lee Jae-myung emphasized that while the Korean tech company is actively expanding its investment in the US, the firm must make sure that resources allocated to the home country are not reduced.
Leaders of prominent conglomerates, including Samsung, SK, Hyundai Motor, LG, HD Hyundai, Celltrion, and Hanwha, were part of this meeting. At the meeting, Samsung revealed its strategy, subsidiary-wise, including Samsung SDS, Samsung Electronics, Samsung Display, and Samsung Electro-Mechanics, for its investment.
Samsung Electronics is gearing up to target the AI data center market by establishing a Korean production line for FlaktGroup. It is also expected that the mid-to-long-term demand for memory semiconductors will expand.
Samsung SDI is strategizing to set up a local production base for future batteries, including all-solid-state batteries, known as the “dream battery.” While Samsung Display is planning to start mass production next year at its 8.6-generation IT OLED production facility, and Samsung SDS is following a multi-hub infrastructure strategy, including a national computing center in Jeonnam and an AI data center in Gumi, to expand its AI infrastructure.
