Samsung plans $22 billion for artificial intelligence, autos

5 stunning stats about Samsung

5 stunning stats about Samsung

Through such investments, Samsung plans to foster AI, 5G, biotechnology and electronic components as key future growth engines.

The wave of cash will also beef up Samsung's biopharmaceutical wing, the company said.

There are plans to increase the number of advanced AI researchers at its AI centres to 1,000 while there will also be an expansion of its semiconductor manufacturing capabilities to cope with demand for AI, 5G, data centre and connected auto components.

The new strategy will entail an overhaul of Samsung's internal venture incubation program, said the company.

It said the group plans to significantly expand artificial intelligence (AI) research capability, increasing the number of advanced AI researchers to 1,000 across its global AI centers, and heavily invest in biopharmaceuticals.

Sony unveils translucent PS4 Pro 500 Million Limited Edition to celebrate sales
It sports a translucent dark blue console shell that barely lets you see inside, as well as a matching DualShock 4 controller. On the front of the console you'll find a commemorative copper plate with the limited edition serial number etched into it.

Deadline Day Transfer: Manchester United to make three signings today
There was more fun being had in Claude Puel's presser as the Leicester manager mentioned United's interest in Maguire. Bilbao keeper Kepa has headed to London as Courtois' replacement, joining the Blues in a seven-year deal.

Everton land Barcelona's Yerry Mina and Andre Gomes and Brazil worldwide Bernard
It is the best league in the world. 'I know about Everton's players and I look forward to being able to play with my new team. The English club will pay FC Barcelona 30.25 million euros plus 1.5 million euros in variables.

The South Korean giant has unveiled a three-year, 180 trillion won ($161bn) investment plan in a wide range of areas as it looks to bounce back from recent financial disappointment.

Lee was freed after almost a year in jail.

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

When Lee met Finance Minister Kim Dong-yeon earlier this week, the vice chairman said Samsung will focus on developing competitive technologies to make contributions to society.

Chung said reformist President Moon Jae-in's campaign to clip the wings of the country's powerful family-run conglomerates, known as chaebols, appeared to be losing steam in the face of stonewalling business groups which are "wielding prospects for investment as their weapons". Most of that investment - about 130 trillion won of the total - will be spent in South Korea, the company said without giving further breakdowns.

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