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EE Times-Asia > Optoelectronics/Displays

Samsung to increase investment to $16B

Posted: 09 Jun 2004 ?? ?Print Version ?Bookmark and Share

Keywords:samsung? flat-panel displays? semiconductors? information technology?

Samsung Group will double its investment to $16.36 billion from the original $14.9 billion this year in accordance with the conglomerate's revised plan for investment and employment aimed at the company's expansion.

Spokesperson Lee Soon-dong says his company's investment will be allotted to the development and production of flat-panel displays, semiconductors and information technology products.

Samsung's revised plans comply with the government's efforts to shore up the flagging economy and create more jobs. The company already had hired 17,000 new workers this year.

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