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Samsung to up chip capex by 50% to record in 2012

Samsung to up chip capex by 50% to record in 2012
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First Published: Mon, Oct 24 2011. 03 47 PM IST
Updated: Mon, Oct 24 2011. 03 47 PM IST
Seoul: Samsung Electronics, the world’s top memory chip maker, plans to expand its capital expenditure in semiconductors by 50% to a record 15 trillion won ($13 billion) next year, a media report said on Monday, citing Samsung and industry officials.
A Samsung spokesman said nothing has been decided regarding its 2012 investment plan.
The Maeil Business Newspaper said that out of the 15 trillion won, around 8 trillion won would be spent on non-memory businesses which includes mobile processors and image sensors.
Samsung makes mobile processors to run Apple’s iPhone and iPad as well as its own smartphone Galaxy S.
Strong sales of mobile processor chips, propelled by robust demand for smartphones and tablets, helped Samsung better cope with a sharp plunge in its bread-and-butter memory chips.
Samsung early this year said it had earmarked 10.3 trillion won in 2011 chip investment, including 5.8 trillion won in memory business and 4.2 trillion won in non-memory.
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First Published: Mon, Oct 24 2011. 03 47 PM IST