Samsung to Invest $7.5 Billion in LED Technology Applications

Samsung Group of Seoul Korea has planed to invest $20.6 billion in technologies including solar cells, rechargeable cells for hybrid electric vehicles, LED technologies, biopharmaceuticals and medical devices.

Samsung Group's largest individual investment planned is $7.5 billion in LED technology applications such as backlit TVs and displays, lighting and car electronics.

Samsung expects the expansion to create about 45,000 new jobs and result in an additional $44 billion in annual revenue for affiliate companies through 2020.

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