Samsung to plug $160bn into new technology in major growth push
11 August, 2018, 21:30 | Author: Kristen Mcgee
Samsung also said it expects to create about 40,000 new jobs over the next three years. As transfers the Internet edition of the Chronicle.info with reference to liga.net about it reports Reuters with a reference to the Samsung Electronics.
25 trillion won ($22 billion) out of the grand amount will be used for investments in artificial intelligence, 5G mobile technology, electronic components for autos, and the biopharmaceutical business. Of that total, 130 trillion won will stay in South Korea, the company said.
Samsung Electronics is now the world's largest smartphone-maker but also boasts a very strong semiconductor business that supplies chips to the companies such as Apple. The figure translates into around 43 trillion won annually, which is similar to Samsung's record high facility investment of 43.4 trillion won made past year.
The KRW 180 trillion 3-year investment plan, which includes capital spending as well as research and development in chips and displays, marks a 6 percent increase from its spending over the past three years. Those areas are seen as Samsung's new growth engines. Alongside direct employment, the investment is expected to help create 700,000 new jobs in related industries and businesses.
Samsung is also determined to take a leading position in the 5G next-generation communications standard, where it faces competition from USA chipmakers like Intel Corp. "It will continue to invest heavily in the businesses, including developing and manufacturing biosimilars to combat chronic and difficult-to-cure diseases".
The South Korean tech giant said the latest investment centers on building up its artificial intelligence, fifth-generation network, bio and automotive operations through the investment plan announced earlier in the day. The platform will benefit 500 projects - 300 external candidates and 200 inside the company - in the next five years to encourage innovations and entrepreneurship. That news sent shares in contract drugmaker Samsung BioLogics up some 5%.
The scion of the founding family, Lee was jailed a year ago for his part in the graft scandal that brought down former president Park Geun-hye.
Local authorities quickly ruled out terrorism as a motive for the incident, and said the F-15s "were not involved in the crash ". He told Scott the plane crashed into a forested area "where it didn't look like there were any homes in the immediate area".
Police say Jones threw a punch that killed a New York City tourist who knocked on his auto window thinking it was his Uber ride. He was arraigned today on a misdemeanor assault charge and released on his own recognizance after entering his plea.
It is not infrequently the site of protests, but on Thursday, things were quiet as the first lady's parents came and went. Presiding over the ceremony was NY district director of the US Citizenship and Immigration Services Thomas Cioppa.
North Korea's top diplomat, Ri Yong Ho, visited Iran as the United States reintroduced sanctions against the Islamic Republic. Two South Korean under-15 teams, FC Gangwon and Yeoncheon Miracle, will compete in the Ari Sports Cup in Pyongyang.
Last week, YouTube also took action against Jones, banning InfoWars from its live-streaming platform for three months. Jones' Instagram (owned by Facebook) account is still active, as is his Periscope account, which is owned by Twitter.
The size of the fires surpasses a blaze last December in Southern California that burned 440.5 square miles (1,140.8 kilometers). The fires have burned nearly one-half million acres since June and destroyed more than 2,000 structures, it added.
However, there was no indication that it was a deliberate tactic on his part or that he was being economical with the truth. I was told that during pre-season it looked like I was saying something absolutely out of order, something insane .
On Friday Ezzat al-Rishaq, a member of the Hamas political office, told protesters along the border they were "committed to calm". The boat and another vessel, which was intercepted by Israeli forces on Sunday, set sail to Gaza from Europe last week.
Currently, the publisher has no platforms listed, but it's highly likely we'll see the game release on PS4, Xbox One and PC. We also got a look a Phobos, which isn't quite as disgusting, as it hasn't been completely overtaken by demons yet.
The Ghanaian dup will be expected to make the team that travels to Craven Cottage on Saturday for the season's opener. Palace start the new Premier League season away to Fulham on Saturday, kick-off 15:00 BST.
Silva, who featured in all three of Manchester City's warm-up matches as well as the Community Shield, looks set to start against Arsenal on Sunday.
Yemen war: 'Children killed' in bus attack
Worldwide rights groups repeated calls for an end to the war and strongly condemned the bus attack and other civilian massacres. The Houthis have launched a series of missile strikes on the kingdom, including Riyadh , over the past year.
Rain wipes out day one of second Test between England and India
For India , Cheteshwar Pujara again failed to find a place while England have opted for fast bowler Chris Woakes over Moeen Ali. Stokes took three wickets on Sunday's fourth and last day at Edgbaston, including the prize scalp of India captain Virat Kohli.
China Announces More Tariffs on US Imports
The two countries have been embroiled for months in a trade conflict that has threatened to hurt consumers in both countries. That's a negligible amount for China, which imported 17 million tons total a year ago , according to the US Census Bureau.
Trump vows to impose tariffs on more Chinese goods
Beijing is expected to hit $16 billion worth of USA goods with equal tariffs in response to Tuesday's move. Chinese imports of goods and services into the United States past year amounted to almost $524 billion.
Russia names action-movie star Seagal as envoy for US
President Vladimir Putin and Seagal are close friends, which is more than likely why this new position was given. I take this honour very seriously indeed and I once again thank you for your friendship, strength and support .