Samsung to invest $22 billion in AI and auto electronics

Global electronics major Samsung has announced plans to boost investments in businesses that will drive its future growth, committing to a KRW 25 trillion (US$ 22 billion / Rs 138,974 crore) investment over the next three years, primarily led by Samsung Electronics, in the areas of artificial intelligence (AI), 5G, automotive electronics components and biopharmaceuticals.

Samsung also announced a set of initiatives to become a leading force in building and energising the ecosystem of innovative businesses for the digital economy. By drawing on its well-established expertise in technology and start-up investments, Samsung will open up its venture incubation program to both external and internal start-up projects and provide software training.

Samsung says it expects innovations powered by AI technology will drive the industry’s transformation, while the next-generation 5G telecommunications technology will create new opportunities in autonomous driving, the Internet of Things (IoT) and robotics.

In AI, the company plans to significantly expand its research capability, increasing the number of advanced AI researchers to 1,000 across its global AI Centers. It will also invest aggressively to become a global player in the advanced markets for 5G chipsets and related devices and equipment.

Samsung aims to become a leader in electronics components for future cars such as system-on-chips for autonomous driving, utilising its leadership in semiconductors, telecommunications and display technologies.