Along with smartphones, Samsung is among the largest semiconductor manufacturers around the globe. To meet the ever-increasing demand and evolve further, the Korean giant is investing $115 billion (133 trillion won) in its Samsung LSI and Samsung foundry business by 2030. Samsung wants to become the world’s leader in semiconductors by taking on Intel and Qualcomm.
According to plan, Samsung will invest $63.7 billion (KWR 73 trillion) in R&D in South Korea. Whereas, the remaining $52.1 billion (KWR 60 trillion) is dedicated to the upliftment of production facilities and infrastructure. It will result in creation of 15000 additional jobs. The investment will dispense at $9.5 billion a year until 2030.
Samsung will collaborate with fabless companies – who design chips but don’t have production facilities in South Korea. It will help the Korean giant to manufacture more refined products within a lesser period.
The new plan to become the largest semiconductor player will help the company to diversify its portfolio. Samsung is eyeing to tap business from increasing opportunities like 5G, VR, AR, cloud gaming, IoT, etc.
Currently, Samsung’s multiple business units are helping each other to resist the ongoing economic slowdown. Unlike other companies, Samsung is still managing to keep up with the long term goals without any cost-cutting.
Whereas the Samsung LSI deals in processors and modems production, while the Foundry business manufacture chips for clients. Once, both the companies were under one roof, but Samsung split both in 2017 to expand the production
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