Samsung plans $41 billion logic, OLED investment
January 18, 2012 // Peter Clarke
Amidst a troubled global economy Samsung has set a record investment budget for 2012 of 47.8 trillion won (about $41.7 billion) for its operations, according to reports.
The company is expected to focus particularly on logic chips and OLED displays. The high-spending strategy is expected to augment its already dominant position in memory ICs and liquid crystal displays, as the company seeks to put distance between itself and rivals, reports said.
The company also plans to employ an additional 26,000 staff, up from the 25,000 new hires it made in 2011. Samsung now employs about 350,000 staff, according to a Reuters report.
Group capital spending is expected amount to 31 trillion won (about $27 billion) up 11 percent on 2011. Some 80 percent of that (about 25 trillion won or $22 billion) is to be spent by Samsung Electronics Co. Ltd. to boost manufacturing capacity for logic chips, MEMS sensors and OLED displays as well as memory and LCD production. The logic chip manufacturing is likely to focus on Samsung's ambitions to make application processors and system chips for mobile phones and tablet computers.
Investment in logic chips, at 7.5 trillion won (about $6.5 billion), is set to exceed investment in memory chips, at 6.5 trillion won (about $5.7 billion) for the first time. Investment in OLEDs is expected to go up from 6 trillion won in 2011 to 7 trillion won (about $6 billion).
Samsung had 22 trillion won (about $19 billion) in cash as of the end of September and is set to report a record 5.3 trillion won (about $4.5 billion) fourth-quarter operating profit after great Q4 success selling its Galaxy line of mobile phones. Samsung said Monday it planned to issue around $1 billion in bonds in the U.S. to help fund its chip unit.
Samsung is expanding spending while its local rival LG is cutting back and Japanese rivals Sony, Toshiba, Sharp and Hitachi are struggling to keep pace. Those four companies are set to spend a combined 1.3 trillion yen (about $16.6 billion) in the current fiscal year, which ends on March 31.
Samsung Group revenues account for about 20 percent of South Korea's 1,200 trillion won annual GDP.
Switch to LED lighting cuts cruising energy costs by 60 percent
February 27, 2015
Europe’s leading holiday cruise company, Costa Cruises has upgraded ten of the company's fleet of cruise liners with more ...
Semitrex' ultimate goal: "one size fits all" power conversion
Porsche rainmaker advocates platooning
Radar-based sensor network helps drivers finding a parking spot
Xilinx flexes its muscles in the ADAS arena
The future of custom ASICs
February 26, 2015
With the prevailing view that Moore's Law is slowing Donnacha O’Riordan, director of services strategy for S3 Group, gives ...
Dual nanowire structure absorbs light efficiently
5 trends to watch at Mobile World Congress
Infineon: CAN FD success goes at the expense of FlexRay
- Software-Defined Radio Handbook
- A Four-Quadrant DC/DC Switching Regulator Smoothly Transitions from Positive to Negative Output Voltages for FPGA and Other Applications
- LED Driver with Integrated Spread Spectrum Reduces EMI without Adding Flicker
- Accelerate SDN and NFV with Off-the-Shelf Software
InterviewInfineon: CAN FD success goes at the expense of FlexRay
The faster version of the venerable CAN bus, CAN FD is currently taking off at several carmakers. Infineon's Thomas Böhm, Head of Body / Automotive, believes this could well go at the expense of FlexRay. ...
Filter WizardCheck out the Filter Wizard Series of articles by Filter Guru Kendall Castor-Perry which provide invaluable practical Analog Design guidelines.
Linear video channel
READER OFFERRead more
To ensure you have a good start in 2015, Freescale is giving away five of its QorIQ TWR-LS1021A Tower system modules, worth USD269 each, for EETimes Europe's readers to win.
The module is the most feature-rich and high-performance Tower system offered by Freescale, enabling compatibility and interoperability with the growing list of Tower expansion modules, offering an easily accessible...MORE INFO AND LAST MONTH' WINNERS...
December 15, 2011 | Texas instruments | 222901974
Unique Ser/Des technology supports encrypted video and audio content with full duplex bi-directional control channel over a single wire interface.