Samsung to Invest $10 Billion in Green Tech

Samsung to Invest $10 Billion in Green Tech

Samsung to Invest $10 Billion in Green Tech

Samsung has outlined a 23.3 trillion won (US$20.6 billion) investment plan for the next decade, which includes heavy investment in green technologies like solar cells and rechargeable batteries.

Samsung said Tuesday it plans to invest 23.3 trillion won ($20.6 billion) over the next decade in technologies including solar cells and medical devices, aiming to boost sales and increase its work force by tens of thousands.

...The largest individual investment planned is 8.6 trillion won in LED, or light emitting diode, technology applications such as backlit displays, lighting and car electronics, the release said.

Samsung also said it plans to invest 6 trillion won in solar cells, 5.4 trillion won in rechargeable cells for hybrid vehicles, 2.1 trillion won in biopharmaceuticals and 1.2 trillion won in electronic healthcare equipment such as blood testing devices.

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