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Pin to quick picksSamsung El.gdr Regulatory News (SMSN)

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Announcement of Capex Plan for FY 2020

29 Oct 2020 07:53

RNS Number : 5999D
Samsung Electronics Co. Ld
29 October 2020
 

Announcement of Capex Plan for FY 2020

 

Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) on October 29, 2020, announced its capital expenditure plan of approximately KRW 35.2 trillion.

 

Details

Purpose

To increase competitiveness of key businesses

Amount

- Total planned capex: approximately KRW 35.2 trillion

Semiconductor: KRW 28.9 trillion

Display: KRW 4.3 trillion

Period

Jan 1, 2020-Dec 31, 2020

 

Details

- Semiconductor investments: Advanced process migration and infrastructure of

memory products; foundry capacity; etc.

- Display investments: Capacity in QD display, etc.

Expected Effect

Strengthen business capabilities by solidifying technology leadership, primarily in the component business

 

 

The capital expenditure plan is subject to change based on market conditions. The statements contained herein, including management's plan to make capital investments and expenditures (including but not limited to, in the amount and business segments referenced above), include statements of future expectations and other forward-looking statements that are based on management's current views, expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual investments and/or expenditures to differ materially from those expressed or implied in such statements. Actual investments or expenditures (including, but not limited to, the amount, timing or business segment), performance or events may differ materially from those in such statements due to, without limitation, (i) general economic conditions, including in particular economic conditions in Samsung Electronics Co., Ltd's ("SECL") core businesses and core markets, (ii) performance of financial markets, including emerging markets, and including market volatility, liquidity and credit events, (iii) currency exchange rates, (iv) changing levels of competition, (v) changes in laws and regulations, (vi) general competitive factors, in each case on a local, regional, national and/or global basis. The matters discussed herein may also be affected by risks and uncertainties described from time to time in SECL's filings with the Korea Stock Exchange (KRX), FSS (Korea), and Samsung Website. Further information about risks and uncertainties affecting Samsung Electronics Co., Ltd. is included throughout our most recent annual and interim reports, as well as our most recent earnings release, which are available on https://www.samsung.com/us/aboutsamsung/ir/newsMain.do. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual capital expenditures and investments (including, but not limited to, the area, timing, industry and amount) may vary materially from the announced capital expenditure plan and those described in the relevant forward-looking statement (if any), and all such statements and plan are subject to certain risks and uncertainties that could cause our actual investments and expenditures to be materially different from those expressed herein. The company assumes no obligation to update any forward-looking statement, including the capital expenditure plan.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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