Samsung is well known for investing in new technology ahead of the curve, with recent successes in LCD flat screen TVs, computer memory chips and Flash chips.
Now the Korean conglomerate is looking towards logic chips and OLED displays as it announces its investment plans for the year ahead.
Samsung Group, including Samsung Electronics, has revealed the record breaking rise in its planned 2012 investment to $41.4 billion (47.8 trillion won).
Investments are to be made in new factories, research and development
Full staff
"Samsung's got strong cash flow to make bold bets in new technologies," said Lee Sun-tae, an analyst at NH Investment & Securities.
"No other IT company can beat it in terms of investment and that's how Samsung finds new revenue sources ahead of rivals and widens its gap."
It's also been reported that, despite the global level of financial problems some companies facing, Samsung is intending to increase its staff numbers by 26,000, adding to the existing 350,000 employees currently on its books.
OLED by example
A total amount of 31 trillion won ($27 billion) of the investment will be capital spending, up by 11 percent from the previous year.
Around 80 percent of that capital spending (25 trillion won, $21 billion) will be spent by Samsung Electronics.
It's thought by analysts that this money will mainly be spent on boosting its capacity to make system chip and OLEDs.
Samsung US recently revealed it will be raising $1 billion in bonds to increase capacity at its Austin, Texas facility.
Also predicted is that spending on mobile processors and chips used in smartphones, tablets and cameras will, for the first time, rise above spending on memory chips, up to 7.5 trillion won (about $6.5 billion).
OLED investment will rise to 7 trillion won ($6 billion) from 2011's 5 trillion ($4 billion), with the rest to be spent on LCDs, rechargeable batteries and LEDs.
According to research from DisplaySearch, Samsung are due for revenues from OLED displays of over $20 billion by 2018, accounting for up to 16 percent of the display industry.
Go compare
This record breaking investment comes as LG cuts its 2012 investment by $3 billion dollars.
The combined investments of Japanese firms Sony, Toshiba, Hitachi and Sharp reached 1.3 trillion yen ($16.6 billion) in the current fiscal year, less than Samsung Group's total global capital spending (27.9 trillion won, $24 billion) in 2011.
[source: Reuters]
News
When Matt was 7 years old he didn't write to Santa like the other little boys and girls. He wrote to Mario. When the rotund plumber replied, Matt's dedication to a life of gaming was established. Like an otaku David Carradine, he wandered the planet until becoming a writer at Pocket Gamer.
Related Articles
Interview
Apr 9th, 2024
Saga CEO Rebecca Liao on the launch of publishing division and mass market web3 games
Top Stories
as
News
5 hours, 51 minutes ago
Supercell's Hay Day returns to China's App Store after four year absence
News
7 hours, 4 minutes ago
Take-Two's mobile bookings make 53% of their total and GTA 6's release date gets locked in
News
7 hours, 16 minutes ago
Minecraft celebrates its 15th birthday with discounts, in-game surprises and daily rewards
Feature
9 hours, 34 minutes ago
New release roundup: The best new mobile games from a battle royale to a console classic remake
Feature
May 16th, 2024
Behind the scenes: How adding sandwich offers to an idle merge game boosted three metrics at once
Events
Valencia Indie Summit 2024 | Europe | May 16th |
Digital Dragons | Europe | May 19th |
GamesBeat Summit 2024 | North America | May 20th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Nordic Game Spring 2024 | Nordic | May 21st |
Impact 2024 - Indie Games | May 23rd | |
MomoCon 2024 | North America | May 24th |
Morocco Gaming Expo | Africa | May 24th |
Popular Stories
Feature
May 14th, 2024
53 top mobile games in soft launch: Squad Busters, Battle Guys: Royale, Plants vs. Zombies 3, LEGO Hill Climb Adventures, and more
Feature
May 13th, 2024