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Samsung, SK Hynix Reportedly Set to Unveil Record Spending Plans

Samsung, SK Hynix Reportedly Set to Unveil Record Spending Plans
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Samsung, SK Hynix Reportedly Set to Unveil Record Spending Plans Samsung Electronics Co. and SK Hynix Inc. are preparing to announce hundreds of billions of dollars worth in new investments on Monday, according to South Korean media reports this week. Samsung Group is set to unveil a 1,000 trillion won ($646 billion) spending package over the next decade, Maeil Business Newspaper reported Friday, in what would be the largest such plans in the country’s history. Top executives from Samsung...

Samsung, SK Hynix Reportedly Set to Unveil Record Spending Plans Samsung Electronics Co. and SK Hynix Inc. are preparing to announce hundreds of billions of dollars worth in new investments on Monday, according to South Korean media reports this week. Samsung Group is set to unveil a 1,000 trillion won ($646 billion) spending package over the next decade, Maeil Business Newspaper reported Friday, in what would be the largest such plans in the country’s history. Top executives from Samsung and SK Hynix, South Korea’s two most valuable companies and the world’s leading memory chipmakers, are expected to attend a presidential briefing at the Blue House at the start of next week, the report added.
Samsung (ORG) SK Hynix (ORG) Samsung Electronics Co. (ORG) SK Hynix Inc. (ORG) South Korean (ORG) Samsung Group (ORG) Maeil Business Newspaper (ORG) South Korea’s (LOCATION) the Blue House (LOCATION)
Originally published by Bloomberg Technology Read original →