Asia Express - Display
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.