Jong-yeol Seo, Gounee Yang Global Economic News SAMSUNG Electronics will invest 450 trillion won (US$356 billion) in strategic future industries such as semiconductor, bio, and IT over the next five years. The investment is 120 trillion won more than previous five-year investment of 330 trillion won, increasing the annual average investment by more than 30%. It will invest 360 trillion won, or 80% of the total investment, in domestic businesses. This is an increase of 110 trillion won from the domestic investment of 250 trillion won over the past five years. Samsung Electronics plans to enhance its “super-gap” in the memory industry, where it is leading for 30 years. It will strengthen research and development on new materials and structures, and also actively apply advanced new technologies such as early introduction of EUV technologies. In addition, Samsung plans to improve the competitiveness of fabless non-memory chips for high-speed low-power AP (application processor) and mobile communication such as 5G and 6G. For the chip foundry business, it will apply next-generation advanced production technology to mass-produce chip products less than 3-nano. Samsung also presented the goal to make the “second semiconductor story” through aggressive investment in bio fields. In the mid- to long-term, it plans to establish a business structure focusing on biopharmaceutical CDMO and biosimilars. | 