Samsung is investing at least $18.6 billion in semiconductors in South Korea.
Samsung has announced plans to invest at least $18.6 billion in semiconductors in South Korea.
The Samsung claim that these investments will create nearly half a million new jobs.
Samsung invests over $10 billion in chip production to stay ahead of rivals Hynix and Toshiba.
Samsung expands capacity for production of semiconductors, relying on demand growth in the development of such areas as the Internet of things (IoT) and artificial intelligence, as well as new automotive technologies. The division of the company for the production of semiconductors accounts for the largest share of its profits. So, in 2016, the business for the production of chips provided 46.5% of operating profit of Samsung.
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