Samsung's Future Growth Engines: Semiconductors, Bio, and New Growth IT
[Asia Economy Reporter Park Sun-mi] Samsung has revealed its goal to achieve a 'second semiconductor miracle' through aggressive investment in the bio sector.
On the 24th, Samsung announced that it considers bio, along with semiconductors, as a future growth business and plans to strengthen investments in the bio industry, which is currently led by a few advanced countries and large pharmaceutical companies. Samsung's future vision is that aggressive investment in the bio field can lead to a 'second semiconductor miracle.'
Samsung plans to continue its aggressive investment policy to secure 'bio sovereignty' and discover new growth engines by expanding its biosimilar pipeline. In the mid to long term, it aims to build a business structure centered on CDMO and biosimilars, growing bio into a 'second semiconductor miracle.'
First, in the CDMO sector, Samsung plans to invest more aggressively by constructing the 5th and 6th plants following the currently under-construction 4th plant, and to enhance production technology and capabilities to firmly establish itself as the 'overwhelming global No.1' beyond just 'No.1 in CDMO production volume.' The biosimilar-focused pipeline will be expanded and advanced. Samsung also stated that it will continuously support the activation of the domestic bio industry ecosystem through ▲training bio specialists ▲localization of raw and subsidiary materials ▲technical support for small and medium biotech companies.
Samsung's bio business started with CDMO and biosimilars as its two main pillars and has now grown into a leading Korean bio company protecting 'bio sovereignty.' The global bio market is expected to grow to $911.4 billion by 2027. The biosimilar market size is projected to grow from $10 billion last year to $22 billion by 2030, with antibody biosimilars expected to lead the market.
Securing Leadership in Core Technologies of the 4th Industrial Revolution
Separately from semiconductors and bio, Samsung plans to focus on strengthening competitiveness through 'super-gap innovation' in new growth IT fields such as artificial intelligence and next-generation communications, which will determine future industrial competitiveness. In particular, AI and communications are core technologies of the 4th Industrial Revolution and are expected to contribute to innovation and advancement across industry, society, and the economy.
In the AI field, Samsung is conducting advanced technology research through global AI centers in seven regions worldwide, while recruiting talent and fostering specialists. Through the Samsung Future Technology Development Project, it plans to expand support for innovative AI research by domestic emerging researchers and contribute to broadening the domestic AI base through software education for youth.
Based on its experience and capabilities leading 3G, 4G, and 5G communications, Samsung is also strengthening leadership in next-generation communications. In particular, it plans to pursue a 'super-gap' in communications by securing core 6G technologies and global standardization. 6G is a technology 50 times faster than 5G and is called the foundational technology for digital transformation and super-gap innovation because it can realize services such as ▲ultra-realistic extended reality ▲high-precision mobile holograms ▲digital twins in everyday life.
Samsung established the Next-Generation Communications Research Center at Samsung Research in 2019 to secure leadership in 6G global standardization and technology, and in 2020 presented the '6G Vision' through a 6G white paper. It also held the first-ever 'Samsung 6G Forum' this year to expand the base of future communication technologies and strengthen competitiveness, demonstrating its commitment to leading 6G technology.
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