Samsung Group to invest $22 billion in new technologies over the next 3 years

Technological areas in which Samsung Group will invest include, AI, bio-pharma, 5G and electronic components for next gen automobiles.

On Wednesday, Samsung Electronics, a unit of the South Korean conglomerate Samsung Group stated, over the next three years it plans on investing up to $22 billion (25 trillion won) in artificial intelligence, electronic components for autos, 5G mobile technology, and the biopharmaceutical business.

Samsung Electronics, the world’s biggest maker of memory chips and smartphones which also happens to the group’s flagship company, stated it will provide the bulk of the investment.

Samsung Electronics however did not provide a breakdown of the figures for the investment areas.

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