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2010 Investment Plan

17th May 2010 10:06

RNS Number : 0261M
Samsung Electronics Co. Ld
17 May 2010
 



 

 

2010 Investment Plan

 

On May 17, 2010, Samsung Electronics announced capital expenditure and R&D of 26 trillion Won, its largest annual investment ever, in order to secure growth drivers and further strengthen the Company's leadership in the global IT industry.

 

- Total Investment amount: KRW 26 trillion

 Total capital expenditure : KRW 18 trillion

* Semiconductors : KRW 11 trillion (KRW 9 trillion for memory business, KRW 2 trillion for System LSI business)

* LCD : KRW 5 trillion

 Investment in R&D : KRW 8 trillion

 

 

 

 

 

 

Management Committee Decision

 

On May 17, 2010, the management committee of Samsung Electronics authorized an investment in the expansion of the existing Memory Line 15 and initial construction of Memory Line 16.

 

- Investment amount: KRW 2.52 trillion

- Purpose: To meet the growing market demand and to strengthen competitiveness.

- The groundbreaking ceremony for the new Memory Line 16 was held today in Hwaseong, Gyeonggi Province. Investment in the new line is expected to total approximately KRW 12 trillion to completion.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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