Samsung Electronics is establishing a venture investment fund totaling 800 billion won to enhance its competitiveness in next-generation semiconductors and secure new technologies in the consumer electronics and mobile sectors (DX).
According to a disclosure on July 30 by the Financial Supervisory Service's electronic disclosure system, Samsung Electronics announced that it is forming the 82nd and 83rd New Technology Investment Funds (SVIC) in collaboration with Samsung Venture Investment and will begin its investment activities.
A total of 500 billion won will be allocated to secure new technologies in the semiconductor sector, with Samsung Electronics contributing 495 billion won and Samsung Venture Investment providing 5 billion won.
This fund will be used to invest in promising domestic and international semiconductor startups and to seek strategic business partnerships.
The investment commitment period will last for 13 years, starting from the time of joining next month.
Additionally, 300 billion won will be set aside to discover next-generation drivers in the DX sector, with Samsung Electronics contributing 297 billion won and Samsung Venture Investment providing 3 billion won.
The fund will be managed in a way that allows for the disbursement of funds whenever promising targets are identified during its 10-year duration.
A Samsung Electronics representative stated, "Through this investment, we aim to expand our connections with venture startups that possess core future technologies and to proactively foster technological partnerships."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.