Samsung considers capex increase, sees higher demand

SEOUL, Jan 29 (BestGrowthStock) – South Korea’s Samsung Electronics
(005930.KS: ) said on Friday it was “seriously considering” raising
its investment in memory chips to strengthen cost competitiveness
and expected overall product demand would steadily improve.

“Overall demand would steadily increase in line with global
economic recovery,” Samsung’s head of investor relations, Robert
Yi, told analysts.

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(Reporting by Rhee So-eui and Miyoung Kim; Editing by
Jonathan Hopfner)

Samsung considers capex increase, sees higher demand