Samsung to Boost Investment by 18% in 2011
January 07, 2011
Samsung revealed its investment plan for 2011 and
said that the company plans to spend a total of 43.1 trillion won (US$38.23
billion; US$1=1127.5 won) this year, up 18% from last year's spending,
according to a January 5, 2011 report by the AFP. As per the investment plan,
10.3 trillion won (US$9.14 billion) will be spent on semiconductor plants, and
5.4 trillion won (US$4.79 billion) will be injected into boosting LCD (Liquid
Crystal Display) and OLED (Organic
Light Emitting Diode) production.
Samsung also plans to spend 2.1 trillion won (US$1.86 billion) on R&D. It
is reported that the company will hire 25,000 new employees in 2011, up 11% compared
to 2010.