Samsung Group to spend $22 billion on AI

Published: August 8, 2018
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The Samsung logo is seen in Seoul, South Korea, March 23, 2018.
PHOTO: REUTERS

The Samsung logo is seen in Seoul, South Korea, March 23, 2018. PHOTO: REUTERS

SEOUL: South Korea’s Samsung will invest 25 trillion won ($22 billion) over the next three years in artificial intelligence, 5G mobile technology, and electronic components for autos, and the biopharmaceutical business, Samsung said on Wednesday.

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Samsung, the world’s top maker of memory chips and smartphones and the group’s flagship company, did not provide a breakdown of the figures but said it will provide the majority of the investment.

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