Samsung Electronics plans over $73 billion investment to lead in AI chip sector

Samsung Electronics plans over $73 billion investment to lead in AI chip sector

SEOUL, March 19 (Reuters) - Samsung Electronics ‌said on ‌Thursday that it ​plans to invest more than 110 trillion ‌won ($73.24 billion) ⁠this year in order ⁠to lead the semiconductor ​industry ​in ​artificial intelligence.

Reuters

The ‌company said in a corporate filing that it was also ‌seeking meaningful ​mergers ​and ​acquisitions for ‌robots, medical technology, ​auto ​electronics and air-conditioning solutions.

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($1 = ​1,501.8100 ‌won)

(Reporting by Heejin ​Kim and Hyunjoo ​Jin)

 

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