Samsung to Hike Production of LCDs - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |

Samsung to Hike Production of LCDs

Updated:
SEOUL, South Korea (AP) _ Samsung Electronics Co. said Monday its board has approved 229.4 billion won ($236.9 million) in spending to increase production of liquid crystal displays to meet rising demand.

The company, the world's largest memory chip maker and a major manufacturer of consumer electronics, made the announcements in a regulatory filing to the Financial Supervisory Service.

Samsung has benefited from demand for LCDs, used in sleek flat screen televisions, as consumers increasingly replace older, bulky cathode-ray tube TVs.

The company said in January that its net profit for the fourth quarter of 2005 surged 40 percent, thanks to strong demand for flat panel TVs and semiconductors.

In a separate filing, Samsung said it will invest 388.2 billion won ($400.9 million) in a research and development production line for DRAM, or dynamic random access memory, chips, used in personal computers.

Samsung has earmarked a total of 9.23 trillion won ($9.53 billion) in capital spending this year, including investments in its semiconductor operations.
Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103
Newson6.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2017 KOTV. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.