According to a South Korean published media report, Samsung Electronics is planing to invest 30 trillion won ($25.55 billion) next year in existing and new businesses.
“It’s difficult to set a clear plan for the coming year 2011, but we’re considering around 30 trillion won,” Samsung Electronics Chief Executive Choi Gee-sung was quoted saying in the report, by Dow Jones Newswires. Choi was speaking at the consumer-electronics show IFA in Germany. The company expects to invest 26 trillion won this year, the report said.
The report added that Choi also said chip demand remains very good and that current market conditions aren’t significantly different from the company’s initial expectations.