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South Korean Samsung Electronics announced plans to invest 133 trillion won in a chip manufacturing business by 2030. The message from the electronics manufacturer states that it has planned 73 trillion won for internal research, and the company intends to invest 60 trillion won in the production infrastructure. According to the company's calculations, it will invest about 11 trillion won annually in the production of logic chips. The main goal of the investment plan is to achieve leadership in the world in the field of semiconductor memory and in the field of logistics chips by 2030. Expansion of research and development, as well as an increase in production, will require the company to create additional 15,000 jobs.
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, ...
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 ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
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 ...
KYC Policy