By Jihye Lee
Samsung Electronics plans to invest over $70 billion to vie for dominance in manufacturing artificial-intelligence chips.
The South Korean tech giant said it aims to spend over 110 trillion Korean won in facilities and research & development investments in 2026, or about $72.89 billion.
The announcement comes as Nvidia's Global Tech Conference wraps up, in which Samsung showcased advances in next-generation high-bandwidth memory for AI chips.
Shares of the chip-making powerhouse rallied on investor optimism during the event period, gaining more than 11% in the past five days despite continued volatility spurred by geopolitical tensions that have sent equities markets on a rollercoaster ride.
The cash injection is part of Samsung's bid to use its memory, foundry and advanced packaging capacity to secure its leadership in the "AI semiconductor era."
It will funnel the funds toward "future-oriented" sectors, like AI and advanced robotics. It will also pursue merger-and-acquisition deals in those fields, including automotive electronics.
Solidifying its position in the highly lucrative memory market is a core aim as well, coming as an AI-driven supply crunch sends memory prices surging.
Samsung shares closed 3.84% lower on Thursday, before the filing was issued.
Write to Jihye Lee at jihye.lee@wsj.com
(END) Dow Jones Newswires
March 19, 2026 04:31 ET (08:31 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.

