Samsung has spent a record $36bn on the semiconductor sector - 90% of its total growth investment in 2022

Investments by South Korean technology giant Samsung Electronics in production development reached a record level last year. And almost all of the funds were channeled into the semiconductor industry.

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The Suwon-based company increased its investment in development and plant upgrades by 10.3% and 10.1% respectively in 2022 compared to 2021. The total investment amounted to $40 billion, a record.

The semiconductor sector received $36bn, a share of 90%. Moreover, during the last quarter of 2022, Samsung invested $14.2 billion in semiconductors, including 39.2% in memory chips. At the same time, it is reported that the company took a $15 billion loan from Samsung's Display division.

The Americas brought in about $50 billion in revenue for Samsung. Compared to 2021, the South Korean manufacturer's revenue in these two regions grew by 13% and the total share of the two Americas was 31.1% compared to 29.2% in 2021.

Samsung, on the other hand, did not fare so well in China. It managed to earn $41.4 billion, but year-on-year revenue fell 8.4%. At the same time, China's share fell from 29.9% to 25.8%. In addition, the company closed three facilities in the Middle Kingdom in the last two years.

Source: Business Korea