In the next 10 years, Samsung Electronics said it will invest $20.6 billion in new technologies ranging from solar cells to medical devices.

That’s a huge commitment for the South Korean electronics giant, but at $2 billion a year, it’s not such a crazy amount. It does sound like this investment is going to be over and above what the company usually spends. The question is how much of that is going into pure research and development. The company made the announcement at a meeting of top executives in the Samsung Group. Among those attending was Lee Kun-hee, chairman of Samsung Electronics.

The company plans to invest in five areas: solar cells, rechargeable cells for hybrid electric vehicles, light-emitting diode technologies, biopharmaceuticals and medical devices. Overall, the plan is to create 45,000 jobs and generate an additional 50 trillion won in revenue by 2020. Lee said that while other global companies were hestitating, Samsung would move ahead decisively.