Samsung Shows Balance Sheet Muscle–$41 Billion Capex For 2012

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By Douglas A. McIntyre Published

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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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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