Samsung Electronics Co. Ld Announcement of Capex Plan for FY2023 (8396R)
October 31 2023 - 3:18AM
UK Regulatory
TIDMSMSN
RNS Number : 8396R
Samsung Electronics Co. Ld
31 October 2023
Announcement of Capex Plan for FY 2023
Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD)
on October 31, 2023, announced its capital expenditure plan of
approximately KRW 53.7 trillion.
Details
Purpose To increase competitiveness of key businesses
Amount
* Total planned capex: approximately KRW 53.7 trillion
* Device Solutions: KRW 47.5 trillion
* Samsung Display Corp: KRW 3.1 trillion
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Period Jan 1, 2023-Dec 31, 2023
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Details * DS investments: memory and foundry infrastructure as
well as R&D to address future demand; capacity
expansion and process migration to increase
production capacity of advanced processes; etc.
* SDC: mobile OLED infrastructure and capacity
expansion, etc.
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Expected Strengthen business capabilities by solidifying
effect technology leadership, primarily in the component
business
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The capital expenditure plan is subject to change based on
market conditions. The statements contained herein, including
management's plan to make capital investments and expenditures
(including but not limited to, in the amount and business segments
referenced above), include statements of future expectations and
other forward-looking statements that are based on management's
current views, expectations and assumptions and involve known and
unknown risks and uncertainties that could cause actual investments
and/or expenditures to differ materially from those expressed or
implied in such statements. Actual investments or expenditures
(including, but not limited to, the amount, timing or business
segment), performance or events may differ materially from those in
such statements due to, without limitation, (i) general economic
conditions, including in particular economic conditions in Samsung
Electronics Co., Ltd's ("SECL") core businesses and core markets,
(ii) performance of financial markets, including emerging markets,
and including market volatility, liquidity and credit events, (iii)
currency exchange rates, (iv) changing levels of competition, (v)
changes in laws and regulations, (vi) general competitive factors,
in each case on a local, regional, national and/or global basis.
The matters discussed herein may also be affected by risks and
uncertainties described from time to time in SECL's filings with
the Korea Stock Exchange (KRX), FSS (Korea), and Samsung Website.
Further information about risks and uncertainties affecting Samsung
Electronics Co., Ltd. is included throughout our most recent annual
and interim reports, as well as our most recent earnings release,
which are available on
https://www.samsung.com/us/aboutsamsung/ir/newsMain.do . Should one
or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual capital expenditures
and investments (including, but not limited to, the area, timing,
industry and amount) may vary materially from the announced capital
expenditure plan and those described in the relevant
forward-looking statement (if any), and all such statements and
plan are subject to certain risks and uncertainties that could
cause our actual investments and expenditures to be materially
different from those expressed herein. The company assumes no
obligation to update any forward-looking statement, including the
capital expenditure plan.
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END
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