Asia Express - East Asian ICT
Samsung Carries on Aggressive Investment Plans amid COVID-19 Pandemic
April 01, 2020

Samsung recently announced that the company will continue its aggressive plans for several initiatives such as AI chips, foldable phones, system chips, and quantum dot displays, the Economic Daily News reported on March 19. Amid the COVID-19 and the US-China trade conflict, the company reiterated its 133 trillion Won (US$105 billion) investment plan for system chips by 2030 and 13 trillion Won (US$10.3 billion) plan for quantum dot displays by 2025. Meanwhile, TSMC recently also reduced its revenue growth prediction for this year from a double digit to 9%. Amid the coronavirus outbreak, it is anticipated the global semiconductor industry will still mange to have 1.2% year-on-year growth this year, according to MIC (Market Intelligence & Consulting Institute), a government think tank and IT research institute in Taiwan. Meanwhile, the Taiwanese foundry industry, led by TSMC, is estimated a slower growth rate of 2.8% compared to last year, according to the same source.