Samsung Group to spend $22 billion on AI, 5G, auto parts and biopharma

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Samsung Group pledges $22 billion spend on new technology in push for growth
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South Korea’s Samsung Group [SAGR.UL] will invest 25 trillion won ($22 billion) over the next three years in artificial intelligence, 5G mobile technology, electronic components for autos, and the biopharmaceutical business, Samsung Electronics said on Wednesday.