samsung eyes bigger spending
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Samsung eyes bigger spending

Arab Today, arab today

Arab Today, arab today Samsung eyes bigger spending

Seoul - Yonhap

Samsung Electronics Co., the world's biggest memory chip supplier and the second-largest mobile phone maker, will aggressively seek investments and acquisitions to secure future growth, its chief executive said Monday. Choi Gee-sung, vice chairman and CEO of the tech heavyweight, also urged the company to search for new business opportunities, such as healthcare, and expand its presence in emerging markets. "To secure new growth engines, (Samsung) should push for investments and mergers and acquisitions more aggressively," Choi said in a statement for the 42nd anniversary of the company's founding. Despite the global economic downturn that has forced many players in the technology industry to cut down on spending, local media reported that Samsung may increase its capital spending on semiconductors to a record-high next year. Samsung said its investment plan for 2012 will be announced during its fourth quarter earnings release in January. This year, Samsung allocated 10.3 trillion won for investment in semiconductors, 5.4 trillion won in liquid-crystal display (LCD) panels and 5.4 trillion won in new displays called OLED. The company plans to spend 23 trillion won on its healthcare business through 2020, as it aims to diversify its business portfolios beyond semiconductors, TVs, mobile phones and home appliances. Samsung acquired the diagnostic ultrasound maker Medison earlier this year, thus far its biggest bet to break into the new sector. The company, which surpassed Apple Inc. in the third quarter in terms of smartphone shipments worldwide, will continue to step up its mobile software business, the chief executive said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

samsung eyes bigger spending samsung eyes bigger spending

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

samsung eyes bigger spending samsung eyes bigger spending

 



GMT 15:46 2018 Wednesday ,12 December

Festive Fashion by Dubai-based designer ASMARAÏA

GMT 17:43 2016 Monday ,15 August

Libya forces press assault on last Daesh positions

GMT 09:32 2018 Wednesday ,12 December

Huawei CFO gets bail; China detains ex-Canadian diplomat

GMT 19:48 2016 Friday ,01 January

Rwandan president announces he will seek third term

GMT 20:46 2017 Tuesday ,14 March

French probe opened into 2016 Vegas trip by Macron

GMT 10:13 2017 Saturday ,04 November

Britain, US oppose Russian bid

GMT 06:03 2017 Wednesday ,30 August

Egypt, Belarus FMs confer on bilateral ties

GMT 13:09 2017 Monday ,20 February

Refuses to convert his novel to unethical one

GMT 15:38 2017 Tuesday ,28 March

Erdogan urges quick EU decision on membership bid
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday