Samsung to Invest $20.6 Billion in Green: Are You Doomed?
Samsung announced its plans for world domination Tuesday. The South Korean conglomerate said it would invest approximately $20.6 billion and boost employment by around 45,000 as part of its expansion into solar, energy efficiency, light-emitting diodes and other green markets. Samsung has already said it wants to be number one in solar by 2015. In January, Samsung said it would invest around $6.6 billion into solar and wind projects into Ontario.
If you work at a green company, this is probably really scary news. Why? I'll give you three reasons. First: while many conglomerates often become saddled by bureaucratic inertia, internal politics and conservative product planning, Samsung has shown it can escape that trap.