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Samsung Group mulls $41 billion investment in 2012-Report
TT Correspondent |  |  17 Jan 2012

To remain a top mobile chips and flat screen maker, Samsung Group is planning to raise its investment to $41.4 billion in 2012.

 

Samsung on Tuesday gave indications that it is now banking on logic chips and OLED displays to repeat its roaring success in flash chips, computer memory chips and LCD flat-screens, even as a gloomy global economic and IT spending outlook make its peers stick to conservative plans, reports The Economic Times.

"Samsung's got strong cash flow to make bold bets in new technologies. No other IT company can beat it in terms of investment and that's how Samsung finds new revenue sources ahead of rivals and widen its gap," the newspaper quoted Lee Sun-tae, an analyst at NH Investment & Securities as saying.

Of the total investment, capital spending will amount to 31 trillion won, up 11 per cent from a year ago, Samsung said in a statement.

    
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17 Jan 2012(IST)  
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