SEOUL, South Korea (TheStreet) -- Samsung Electronics, the world's No. 1 maker of computer memory chips, is mulling investing 30 trillion won ($25.55 billion) next year in existing and new businesses, according to a published media report.
"It's difficult to set a clear plan for the coming year 2011, but we're considering around 30 trillion won [in investments]," Samsung Electronics Chief Executive Choi Gee-sung was quoted saying in the report, by Dow Jones Newswires. Choi was speaking at the consumer-electronics show IFA in Germany. The company expects to invest 26 trillion won this year, the report said. Choi also said chip demand remains very good and that current market conditions aren't significantly different from the company's initial expectations, the report added. > > Bull or Bear? Vote in Our Poll>To order reprints of this article, click here: ReprintsTheStreet Premium Services For Personal Service: 877-471-2967
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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