Samsung to double chip and LCD capital spending

Posted on Monday, May 17 2010 @ 13:36 CEST by Thomas De Maesschalck
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
Source: EE Times


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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



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