Sources: Samsung Group to spend up to $44.8B on facilities in 2013

03/21/2013 | Korea Times (Seoul), The

Samsung Group will increase its expenditures on facilities to $44.8 billion this year, sources say. Much of that budget is expected to go to Samsung Electronics, which is building a wafer fabrication facility in Xi'an, China, for NAND flash memory devices and reconfiguring its wafer fab in Austin, Texas, to make logic chips. Sanford C. Bernstein's Mark Newman wrote Thursday that "Samsung is one of the few survivors in semiconductors and will continue to grow semiconductor earnings ... as the market continues to grow rapidly powered by smartphones and further improve DRAM margins and share as the DRAM industry moves closer towards a profitable oligopoly."

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Korea Times (Seoul), The

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