Samsung Electronics plans to invest 618 billion won chip and panel factory

Samsung (Samsung Electronics Co.) board of directors recently approved expansion plan, plans to invest 618 billion won (about $639 million), the development of new chips and flat panel.

Among them, Samsung Electronics plans to invest 388 billion 200 million won, providing a new memory chip R & D production line, in addition to the LCD panel plant will invest $229 billion 400 million won.

The investment plan indicates that Samsung Electronics hopes to rely on new technologies, continue to maintain the leading edge of modern and competitive advantage of PHILPS LG.

Samsung's capital expenditure this year is expected to be 9 trillion and 200 billion won, exceeding LG PHILPS and Hyundai's total capital expenditure budget.

Samsung Electronics spokesman Ken Noh said the plant plans will be included in this year's investment budget.