Electronics Production | January 19, 2005
Samsung invests despite profit decline
Samsung´s net profit dipped 32 percent to $1.7 billion in the fourth quarter compared to the third quarter 2004. Despite that Samsung Electronics prepares investments on advanced LCD and chip-making facilities in 2005.
About $5.7 billion will be invested in its system LSI and memory plants and an amount of about $5.1 billion will also be spent on R&D. However the profit over year rose by 81% to $9.5 billion accelerated by 32 percent increasing sales where its LCD business acted as locomotive. Semiconductors was the next best business area.