Samsung Electronics will invest over $5.02 billion by 2030 as part of sweeping environmental initiatives aimed at making the company carb...
Samsung Electronics will invest over $5.02 billion by 2030 as part of sweeping environmental initiatives aimed at making the company carbon neutral by 2045, the world's largest chip and mobile maker said on Thursday.
The tech company will spend the money on research and development for technology aimed at filtering out green house gases and capturing carbon dioxide generated during chip production, and is seeking to make its devices business carbon neutral earlier, by 2025, said Kim Soo-jin, Samsung's head of ESG strategy group. It also plans to boost the recycling of resources such as lithium and plastic.
Samsung said it has joined a group of global corporations committee to 100% renewable energy called RE100, following in the footsteps of global peers such as Apple, TSMC, and Intel.
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