Samsung announced it will double its capital spending to boost its capacity in semiconductor chip and LCD panel manufacturing:
Samsung said it would spend 18 trillion won (about $16 billion) in 2010, according to a Reuters report. A further 8 trillion won would be spent on R&D.
Samsung had previously said it would spend at least 8.5 trillion won on capital expenditure this year. The company now plans to spend 11 trillion won on expanding semiconductor production and 5 trillion on boosting LCD manufacturing, the report said