Samsung Allocates US$413.8 Mln for 8G LCD Expansion; to Boost CAPEX in 2010
December 20, 2009
Korea's Samsung Electronics has earmarked an
investment of 484.6 billion Won (US$413.8 million; US$1=1,171.0 Won) in the
expansion of an existing 8G LCD (Liquid Crystal Display) panel line, EE Times
reported on December 14. The line selected for expansion is located in
Tangjeong, Korea and is mainly engaged in the production of panels for LCD TVs
larger than 50 inches. It is reported that the investment will be made in the
first half of 2010. Moreover, Samsung plans to boost its overall CAPEX (Capital
Expenditure) in 2010. It is projected that more than 5.5 trillion Won (US$4.7 billion)
will be injected into its memory business and three trillion Won (US$2.6 billion)
will be set aside for LCD.