Samsung To Increase Investments Next Year

Sunday, December 25, 2011

Samsung To Increase Investments Next Year

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Samsung Group is expected to aggressively invest next year, in an effort to reinforce its non-memory semiconductor and OLED operations.

The group's invstments for 2012 are expected to reach nearly 50 trillion won ($43.5 billion). Samsung Electronics will be funneling in 14 trillion won to its semiconductor division, which is the largest investment in the business area to date. Investments in system semiconductors (non-memory semiconductors) will rise 60 percent from this year`s 4.5 trillion won to 7.3 trillion won, which allows it to post larger figures than memory semiconductors (6.8 trillion won) for the first time ever.

The group is also said to be upping its investments in OLED operations from this year`s 5.4 trillion won to seven trillion won as OLED TVs start commercial production next year.

"We cannot yet unveil the specifics of our investment plans. However, we will be pursuing more aggressive investment strategies than this year," said a high-ranking Samsung official to Maeil Business Newspaper.