South Korean Tech firm Samsung Electronic has stated that they will invest a staggering $40 Billion in 2012 to continue its growth in its Chip and display business. World’s largest chip makers revealed that its affiliates represent a 12 percent increase from last year, the group said in an e-mailed statement today. Until now Samsung has not confirmed on how the money will be allocated. “We will make large investments in our core businesses as well as new business sectors,” said the group whose flagship is Samsung Electronics, the world’s largest technology company by sales.
Samsung Q4 operating profit grew by 73% year on year to reach $4.5 Billion, with reported 35 millions smartphones sold over the three-month period.. Samsung’s third-quarter saw sales of around 28 million smartphones, highlighting a 7 million rise October through December. Samsung also revealed that despite economic struggles it wanted to expand future growth engines and contribute to the national economy.
