Samsung invests $18.6 billion in South Korea
 

Needs more memory and smartphone displays

Samsung is to invest $18.6 billion in South Korea as part of a cunning plan to extend its lead in memory chips and next-generation smartphone displays.



The move is expected , to create almost half a million jobs by 2021. Normlly it invests more than $10 billion in chips annually, helping it stay ahead of competitors such as cross-town rival SK Hynix and Toshiba.

The huge investment is also likely to alleviate shareholder fears of major decisions being delayed in the absence of Vice Chairman Jay Y. Lee. The leader of Samsung Groupis on trial charged with bribing former president Park Geun-hye for political favors.

http://fudzilla.com/news/memory/4402...in-south-korea