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Samsung plans to create 80,000 new jobs with $356 billion investment By Michelle Toh, Business Updated 1707 GMT (0107 HKT) May 24, 2022 Exoskeletons. Cars. VR. Samsung’s future probably isn’t phones This new technology helps drones survive strong winds How Paris Hilton became ‘The Queen of the Metaverse’ Google’s Street View is 15 years old. See the new camera it’s rolling out Why privacy experts are warning against using period-tracking apps Hong Kong ( Business)Samsung on Tuesday outlined a plan to pour more than $350 billion into its businesses and create tens of thousands of new jobs over the next five years. Despite an uncertain economic environment exacerbated by long-running supply chain issues and the war in Ukraine, the South Korean conglomerate said that it would invest 450 trillion won ($356 billion) through 2026, primarily in core businesses such as chipmaking and biopharmaceuticals. That marks a 30% jump from what it spent in the previous five-year period. The bulk of the investment — 360 trillion Korean won ($285 billion) — will be invested in South Korea. It did not specify where the rest of the funding would be allocated. The group is also embarking on a hiring spree that will create 80,000 new jobs through 2026, “or about 16,000 positions annually,” it said in a statement. Previously, its goal was to generate 40,000 jobs from 2021 to 2023. Samsung profits soar 50% on chip sales Most of the jobs are expected to be in South Korea. But the tech giant also has research and development centers across the globe, including in the United Kingdom, United States, Canada, and the Philippines. Samsung is best known for its electronics division, with its popular smartphones and televisions. In recent years, the company has leaned further into its role as a provider of semiconductors as manufacturers around the world suffer from shortages. Memory chips, which have proved to be a key moneymaker for Samsung, will continue to be a focus area with further investment planned, according to the firm. Samsung will create 2,000 jobs in Texas with $17 billion chip factory On the consumer side, the company plans to beef up its development of 6G, the next generation of wireless telecommunications technology. The news comes just days after US President Joe Biden visited a Samsung semiconductor factory at the start of a visit to Asia. “So much of the future of the world is going to be written here, in the Indo-Pacific, in the next several decades,” Biden said while stopping by the plant in South Korea. PAID PARTNER CONTENT TOP STORIES Society ‘may not survive’ Putin’s war, says billionaire George Soros Justin Timberlake sells his entire music catalog Recommended by MORE FROM After Depp, Heard verdict, Me Too founder says… Elon Musk tells Tesla employees: Return to the office, or else Why Russia isn’t hurting even as it cuts off Europe’s gas Judge denies Sarah Palin’s bid for new libel trial against New…
employees are also demanding more support for lactating mothers — including safe access to a lactation room and proper storage equipment — following allegations that breast milk in Activision Blizzard’s lactation rooms was stolen and that employees were using fridges meant for breast milk to store beer. Activision Blizzard said it had increased lactation locations at its offices, improved equipment quality and safety and added new locks on all the fridges, while also taking steps to address the employees’ other demands. “We have … already upgraded our lactation facilities, waived arbitration, hired new [diversity and inclusion] leaders, and collaborated with employees to make our policies and processes more trans inclusive, just to name a few issues the letter raises,” the company spokesperson said. “We thank these employees, and will continue to work with all of our employees on our journey to be a better company.” Microsoft’s blockbuster Activision Blizzard deal could raise uncomfortable challenges for US antitrust enforcers The continued tensions with employees occur as the company prepares for a major transition. Earlier this year, Microsoft (MSFT) agreed to buy Activision Blizzard for nearly $70 billion, making it one of the biggest tech acquisitions in recent years. Microsoft has had its own challenges with workplace culture, including allegations of inappropriate workplace behavior by its founder and former CEO Bill Gates from the 2000s. ( has not independently confirmed all of the allegations.) — Business’ Sara Ashley O’Brien contributed to this report. PAID PARTNER CONTENT TOP STORIES Justin Timberlake sells his entire music catalog Society ‘may not survive’ Putin’s war, says billionaire George Soros Recommended by MORE FROM After Depp, Heard verdict, Me Too founder says… Elon Musk tells Tesla employees: Return to the office, or else Why Russia isn’t hurting even as it cuts off Europe’s gas Washington Post appends editor’s note to Amber Heard op-ed
Opibus: The mobility startup converting Kenya to electric vehicles By Tom Page, Updated 0943 GMT (1743 HKT) March 1, 2022 Hide Caption 9 of 9 Photos: This mobility startup is converting Kenya to electric vehicles Opibus is a Swedish-Kenyan electric mobility company based in Nairobi. It started by converting off-road vehicles to run on electric motors, before converting buses and designing its own electric motorcycle (pictured). Hide Caption 1 of 9 ()A university research project that turns into a startup, which within a few short years partners with Uber and attracts millions of dollars of investment from around the world, including Silicon Valley. It’s the stuff of entrepreneurial dreams, and yet that’s what’s happened to Opibus, a Swedish-Kenyan electric mobility company. Based in Nairobi, Opibus gives new life to old vehicles by converting them to run on electric motors. Beginning with 4x4s, the company’s reach has since expanded into public transport with bus conversions. Meanwhile, its electric motorbikes, designed and manufactured in Kenya, have attracted the attention of the world’s most famous ride-hailing app. This Nigerian tech startup is fighting baby jaundice with solar-powered cribs Opibus has roots as research by Linköping University students Filip Gardler, Mikael Gånge and Filip Lövström, whose project involved identifying places where electric mobility could have the largest possible impact. They pinpointed Kenya and established Opibus in 2017, starting their business by converting safari touring vehicles. “We’ve always known the commercial potential (of electric conversion),” CEO Lövström says, adding it
Product detail for this product:
Suitable for Women/Men/Girl/Boy, Fashion 3D digital print drawstring hoodies, long sleeve with big pocket front. It’s a good gift for birthday/Christmas and so on, The real color of the item may be slightly different from the pictures shown on website caused by many factors such as brightness of your monitor and light brightness, The print on the item might be slightly different from pictures for different batch productions, There may be 1-2 cm deviation in different sizes, locations, and stretch of fabrics. Size chart is for reference only, there may be a little difference with what you get.
- Material Type: 35% Cotton – 65% Polyester
- Soft material feels great on your skin and very light
- Features pronounced sleeve cuffs, prominent waistband hem and kangaroo pocket fringes
- Taped neck and shoulders for comfort and style
- Print: Dye-sublimation printing, colors won’t fade or peel
- Wash Care: Recommendation Wash it by hand in below 30-degree water, hang to dry in shade, prohibit bleaching, Low Iron if Necessary
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