Andre Yoskowitz
12 May 2010 20:29
Samsung has said they plan to invest $21 billion USD into new businesses such as solar cells, LED tech and even bio-pharmaceuticals.
The statement adds that the investment will help develop five new businesses for the company, add 45,000 jobs, and add $40 billion in additional revenue by 2020.
"Governments around the world are now investing in green industries to address the issues of depleting energy resources and the protection of our planet’s environment, which present pressing challenges to the global community," Samsung added in their prepared statement.
About 25 percent of the investment will be for solar cells "using crystalline silicon technology and thin film technology." Another 20 percent will be invested in rechargeable batteries for hybrid vehicles. An even larger chunk, around 35 percent, will be invested in LED technology ranging from TV back-lights to outdoor lighting.
The rest will be split between bio-pharmaceuticals and electronic healthcare equipment, says Samsung, which is currently a leader in the HDTV, mobile phone and chip markets.