Samsung Electronics to Invest 80 Billion KRW in Semiconductor and DX Startups

iconKuCoinFlash
Share
AI summary iconSummary
Samsung Electronics to Invest 80 Billion KRW in Semiconductor and DX Startups. The funding will support on-chain news and project funding through equity investments in domestic and international semiconductor startups. Samsung Electronics and Samsung Venture Investment will contribute 50.5 billion KRW to the SVIC 82 fund, with Samsung Ventures adding 500 million KRW. The fund, set to launch next month, has a 13-year term. Samsung Electronics and Samsung Venture Investment will also invest 30.3 billion KRW in the SVIC 83 fund, with Samsung Ventures contributing 300 million KRW. The fund will focus on enhancing the DX department’s future technology and business competitiveness, with a 10-year term.

Odaily Planet Daily reports that on July 30, Samsung Electronics disclosed it will invest a total of 800 billion KRW to support potential technology reserves for its semiconductor startup investment and finished product business DX division. The investment will be used to establish technology and business partnerships through equity investments in semiconductor startups both domestically and internationally.

Among these, Samsung Electronics and Samsung Venture Investment will jointly invest 505 billion KRW to join SVIC No. 82, a new technology business investment portfolio, with Samsung Venture Investment contributing 5 billion KRW. This portfolio is scheduled to join next month, has a duration of 13 years, and requires installment payments upon investment occurrences. Samsung Electronics will also jointly invest 303 billion KRW with Samsung Venture Investment to join SVIC No. 83, a new technology business investment portfolio, with Samsung Venture Investment contributing 3 billion KRW. This portfolio is intended to support the DX Division in identifying future technologies and enhancing business competitiveness, has a duration of 10 years, and requires installment payments upon investment occurrences.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.