Samsung Electronics and its affiliated corporations plan to spend USD 22 billion over the subsequent three years on synthetic intelligence, auto parts and different future companies.
Samsung mentioned at the moment it’s going to spend the sum, amounting to 25 trillion gained, to rent synthetic intelligence researchers, to be a world participant in subsequent technology telecoms know-how and to spice up its presence in electronics parts for future vehicles.
South Korea depends closely on Samsung and its affiliated corporations for funding and jobs, even after a corruption scandal that resulted within the bribery prosecution of the conglomerate’s chief, Lee Jae-yong.
Lee was freed after almost a yr in jail.
The corporate’s funding announcement got here two days after the finance minister visited a Samsung pc chip manufacturing facility, the place he touted Samsung’s significance in Asia’s fourth-largest financial system.(AP) RUP
That is printed unedited from the PTI feed.