Samsung announced that the company will invest 15 trillion won (US$13.5 billion; US$1=1106.9 won) in memory and semiconductor contract manufacturing business in 2012, according to an October 25, 2011 report by the Maeil Business Newspaper of Korea. Samsung said that out of the total investment, approximately 8 trillion won (US$7.2 billion) will be allocated to non-memory chipset business, including mobile processors and image sensors. The rest 7 trillion won (US$6.3 billion) is reported to be spent on memory chipset business.