Samsung to spend $490 billion on chips, biotech over five years

May 24, 2022 3:00 PM

SEOUL ( BLOOMBERG) – The Samsung group plans to raise spending by more than 30 per cent to 450 trillion won (about S$490 billion) over the half-decade to 2026 to shore up businesses from chips to drugs as South Korea’s conglomerates grapple with growing economic and supply shocks.

Source : https://www.straitstimes.com/business/companies-markets/samsung-to-spend-490-billion-on-chips-biotech-over-five-years