It is noted that these attachments are part of the three-year investment plan with a total volume of 180 trillion won, aimed at creating new jobs and providing new sources of growth. Part of that entails hiring more advanced AI researchers-Samsung wants to have 1,000 of them spread across its global AI centers.
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 a year ago.
Samsung Electronics will primarily fund $22bn of that investment to underpin research into artificial intelligence (AI), 5G connectivity, electronic components for automotives and biopharmaceuticals. "But Samsung can be more active in M&As to do better at AI or 5G, when Lee is fully back to his business", Greg Roh, an analyst at Hyundai Motor Securities, said.
In flagging specific areas of investment, the plan is the first of its kind for the conglomerate and suggests more emphasis than usual on expanding into new segments as its core semiconductor and smartphone businesses show signs of weakness.
Samsung added that 4 trillion won will be spent on seeking shared growth with subcontractors.
In the field of AI, which is becoming a priority for almost every technology company on the planet, Samsung said its aim was to increase its number of AI researchers to about 1,000 globally. "It will continue to invest heavily in the businesses, including developing and manufacturing biosimilars to combat chronic and difficult-to-cure diseases".
Lee was freed after almost a year in jail. Of that total, 130 trillion won will stay in South Korea, the company said.
Samsung's announcement came a month after President Moon Jae-in met the company's de facto head Lee Jae-yong in India.
The remaining $138bn will be utilised for investment into semiconductor chip and display manufacturing technology and facilities, in what the group said will foster "high-value, differentiated products amid rising competition in the industry".