Samsung will invest $237 million to expand LCD production line

In February 21, South Korea's Samsung Electronics announced on 20, the board of directors of the company has been through an investment plan, will invest 229 billion 400 million won ($237 million) to expand the LCD production line.

Samsung announced the plan in a document submitted to the South Korean financial supervisory commission. As one of the world's largest chipmaker and major consumer electronics manufacturers, Samsung Corp has a lot of benefits from the global demand for liquid crystal displays.

Samsung Corp's financial report released in January this year, driven by strong demand for flat-panel TVs and semiconductors in the fourth quarter of 2005, the company's net profit increased by a large margin of 40%.

In addition, Samsung Corp also said it would invest 388 billion 200 million won (about $400 million) for dynamic random access memory (DRAM) R & D and production. Since the beginning of this year, Samsung Corp's capital expenditure has reached 9 trillion and 230 billion won (about $9 billion 530 million).