Samsung has announced plans to invest 25 trillion won ($22.3 billion) over the next three years in areas including 5G and artificial intelligence.
The company intends to invest aggressively in a bid to become a global player in advanced markets for 5G chipsets, as well as related devices and equipment.
5G technology will create new opportunities in areas including autonomous vehicles, the IoT and robotics, Samsung said in a statement announcing its investment commitment.
Samsung also plans to increase the number of AI researchers employed across its global AI centers to 1,000, target a leading role in the market for electronics components for future cars such as system-on-chips for autonomous driving, and expand investments in semiconductor manufacturing hubs.
Meanwhile the South Korean vendor has announced a range of initiatives aimed at boosting the digital economy ecosystem.
This includes expanding the company's internal venture incubation program C-Lab to also support external startup projects, as well as a joint software education center initiative with the Korean government that will train 10,000 students and job candidates over the next five years.
Together with the new investment, Samsung expects to create 40,000 new jobs over the next three years, and believes its digital economy investments in Korea can help create around 700,000 jobs in related industries.