Samsung sings of huge expansion

Stefan Mileschin · 25th August 2021, 19:56

Will hire 40,000 people in transformation

Samsung has unveiled a $205 billion expansion that will see 40,000 people hired over the next three years.

The investment blueprint intended to build the South Korean conglomerate's lead in next-generation technologies. Samsung Electronics and affiliates like Samsung Biologics aim to lead research and spending in areas from telecommunications and robotics to corporate acquisitions.

The envisioned spending includes expenditures outlined previously, such as Samsung Electronics' long-term goal of investing $151 billion through 2030 to delve deeper into advanced chipmaking.

The announcement comes days after Samsung scion Jay Y. Lee walked out of jail where he was serving a sentence on graft charges. The release was just months ahead of South Korea's presidential election and there is nothing suspicious about that at all.

In the months after his imprisonment, a supply crunch in the global semiconductor industry and Samsung’s role in facilitating a Covid-19 vaccine deal with the US fanned calls from business leaders and politicians to free Lee. Still, activists have criticized the decision, saying it was proof of preferential treatment for the powerful tycoon class known as chaebols.

https://fudzilla.com/news/53426-sams...huge-expansion

25th August 2021, 19:56	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,618	Samsung sings of huge expansion Will hire 40,000 people in transformation Samsung has unveiled a $205 billion expansion that will see 40,000 people hired over the next three years. The investment blueprint intended to build the South Korean conglomerate's lead in next-generation technologies. Samsung Electronics and affiliates like Samsung Biologics aim to lead research and spending in areas from telecommunications and robotics to corporate acquisitions. The envisioned spending includes expenditures outlined previously, such as Samsung Electronics' long-term goal of investing $151 billion through 2030 to delve deeper into advanced chipmaking. The announcement comes days after Samsung scion Jay Y. Lee walked out of jail where he was serving a sentence on graft charges. The release was just months ahead of South Korea's presidential election and there is nothing suspicious about that at all. In the months after his imprisonment, a supply crunch in the global semiconductor industry and Samsung’s role in facilitating a Covid-19 vaccine deal with the US fanned calls from business leaders and politicians to free Lee. Still, activists have criticized the decision, saying it was proof of preferential treatment for the powerful tycoon class known as chaebols. https://fudzilla.com/news/53426-sams...huge-expansion

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Facebook adds Ubisoft games to its cloud gaming service as part of huge US expansion	Stefan Mileschin	WebNews	0	2nd July 2021 08:43
Using a PCIe Slot to Install DRAM: New Samsung CXL.mem Expansion Module	Stefan Mileschin	WebNews	0	13th May 2021 06:43
PS5 teardown reveals huge cooling system and SSD expansion bay	Stefan Mileschin	WebNews	0	8th October 2020 11:10
Samsung sings of the Galaxy Note 8	Stefan Mileschin	WebNews	0	10th August 2017 06:28
Samsung sings stand by your NAND	Stefan Mileschin	WebNews	0	30th May 2017 06:38
Samsung Galaxy S8 leak shows a huge display and not much else	Stefan Mileschin	WebNews	0	2nd March 2017 06:24
Samsung sings of new wearables chip	Stefan Mileschin	WebNews	0	31st December 2015 06:16
Samsung Galaxy S7 rumored to offer microSD expansion	Stefan Mileschin	WebNews	0	25th November 2015 14:03
Samsung opened a new huge office in Silicon Valley	Stefan Mileschin	WebNews	0	25th September 2015 19:25
Blizzard's huge 'World of Warcraft: Legion' expansion hits beta this year	Stefan Mileschin	WebNews	0	8th August 2015 15:04