Samsung supplies chips to top gaming companies, and now it’s pouring hundreds of billions into a push to dominate the industry.
The Korean tech giant said Tuesday that it will invest $206 billion over the next three years, with a focus on chip manufacturing and biotech.
Last year, Samsung won a contract to manufacture chips for gaming company Nvidia. In June it announced it would be working with AMD to produce high-performance graphics chips, with gaming as a core use case.
Earlier this month, the company said it would be upgrading the chips in its Galaxy Watch series, which includes the fitness-focused Galaxy Active line. Samsung creates wearables on a unified platform with Google.
- Samsung is in the process of selecting a U.S. location for a new $17 billion chip factory.
- The three-year investment plan will entail hiring around 40,000 people.
- Rival chip maker Taiwan Semiconductor Manufacturing Co. plans to invest $100 billion in the next three years into extra chip capacity.
Samsung said Tuesday that it is planning on mergers and acquisitions to shore up its market position in the technology sector. The company has not made a major acquisition in four years.