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South Korean Samsung Group announced its intention in the coming years to invest 25 trillion won in the development of technology to promote the growth of the company, finversia.ru wrote. The company plans to develop such areas as artificial intelligence, mobile 5G technology, biopharmaceutical business and electronic components for cars. The investment will be carried out within a three-year investment plan of 180 trillion won, which involves the creation of new jobs and the provision of new sources of growth. It is planned to invest significant funds in biopharmaceutical business and significantly expand research in the field of artificial intelligence. The implementation of these plans will allow the company to create 40 thousand jobs at the enterprises of South Korea.
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Samsung Electronics’ shares joined TSMC, its competitor, as both extended gains on Tuesday. This was mainly from upbeat expectations that Intel Corp’s plan of outsourcing more chip producers would favor the chipmakers. Shares of ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
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