Samsung Group, south-Korean’s biggest business conglomerate group, announced that it would invest $41.4 billion in 2012 on new technologies, research and development, mergers and acquisitions and building new facilities, told reporters.
Analysts strongly expect that company will raise its investment bar in mobile chips and next-generation OLED (organic light emitting diode) flat-screen displays. “Samsung’s got strong cash flow to make bold bets in new technologies,” Lee Sun-tae, an analyst at NH Investment & Securities. “No other IT company can beat it in terms of investment and that’s how Samsung finds new revenue sources ahead of rivals and widens its gap.”
The group also mentioned that it would be going to hire 26,000 employees this year in companies various facilities. The investment will be one of the biggest for the group.
The company is earlier in news on the note of its Bada OS merger with Intel’s Tizen project, which even might be in the process of getting delayed. Samsung Group of companies comprises of total of 80 companies. Its businesses expand from financial sector to construction and shipbuilding to medical services and consumer electronics.