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Samsung Invests Record 110 Trillion Won in AI
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9.2
Samsung Electronics said Thursday it will invest more than 110 trillion won ($73.3 billion) in 2024 in research and facilities for AI semiconductors, according to a regulatory filing. The spending marks a 21.7% increase from last year's 90.4 trillion won and is the largest annual outlay in company history. Samsung also plans M&A in robotics, medical tech and automotive electronics while building new fabs including a Taylor, Texas foundry.
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High strategic and industry-wide significance from official spending disclosure, tempered by limited technical detail on chip designs.
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