Samsung Shows Balance Sheet Muscle–$41 Billion Capex For 2012
Samsung, one of the world’s largest electronics companies and the No.2 market of smartphones showed what large profits and a strong balance sheet can do for a firm’s ability to invest in its future. The Korean company will invest $41…
Samsung, one of the world’s largest electronics companies and the No.2 market of smartphones showed what large profits and a strong balance sheet can do for a firm’s ability to invest in its future. The Korean company will invest $41 billion in projects to continue growth and , hopefully, innovation.
Samsung’s most capital intensive businesses are in the chip and TV display businesses.
Samsung has quickly become a leader in the smartphone and handset business. It claims it will pass Nokia (NYSE: NOK) this year as the largest handset maker in the world. It has challenged Apple (NASDAQ: AAPL) around the world with its Google (NASDAQ: GOOG) Android powered smartphones, many of which work on new LTE 4G networks
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