Samsung Electronic will spend 100 billion on in funding to support semiconductor and display research in South Korean universities, the company said on Monday.
The company formed an industry and academia collaboration center back in July, 2018 to help research and create jobs in universities. It began funding last year and spent 40 billion won.
Samsung said the increased fund was to support research delays, halts and financial squeeze caused by the COVID-19 pandemic in academia.
Over 10% of the funds will be spent to help research in basic sciences.
Others will be used to support students and professors studying semiconductors. Last year, the company assisted around 350 professors and 400 students working to get their Master’s and Doctorate’s degrees.
Samsung will also provide them with high-tech semiconductor equipment for their researches. Last year, the South Korean tech giant supports the production of prototype semiconductors a hundred times for around ten universities.