Samsung Electronics and its affiliated companies plan to spend $22
billion over the next three years on artificial intelligence, auto
components and other future businesses.
Samsung said Wednesday it will spend the sum, amounting to 25 trillion
won, to hire artificial intelligence researchers, to be a global player
in next generation telecoms technology and to boost its presence in
electronics components for future cars.
South Korea relies heavily on Samsung and its affiliated companies for
investment and jobs, even after a corruption scandal that resulted in
the bribery prosecution of the conglomerate’s leader, Lee Jae-yong. Lee
was freed after nearly a year in jail.
The company’s investment announcement came two days after the finance
minister visited a Samsung computer chip factory, where he touted
Samsung’s importance in Asia’s fourth-largest economy.
https://www.geezgo.com/sps/34051
Aug 8, 2018
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