Samsung to invest US$206 billion over next three years

Samsung Group has announced plans to invest about 240 trillion won ($205.64 billion) over the next three years. 

The goal of this investment is to broaden its investment portfolio to include sectors such as artificial intelligence, biopharmaceutical, semiconductor, and robotics.

Renowned as South Korea’s leading conglomerate, Samsung announced on Tuesday that the planned investment will help reinforce its global stance in the key sectors indicated, while also expanding its reach into the fields of the future.

Its subsidiary Samsung Electronics, the world’s largest manufacturer of memory chips, declined to go into the specific details of the spending but added that the group plans to use a lot of M&As as a tool to reinforce its stance as a leader in tech and beyond.

The announcement of this investment plan comes only over a week after the firm’s leader Jay Y. Lee was released from jail on parole following his convictions of bribery and embezzlement charges.