Samsung Electronics Co. plans to cut its investment in the
semiconductor business next year by half due to slowing demand and
declining prices, the Kyunghyang Shinmun reported Wednesday.
"The market conditions are not in good shape and the company has
executed a record investment this year," a high-ranking Samsung official
was quoted as saying.
Samsung Electronics had earmarked 14 trillion-15 trillion won ($12.5
billion-$13.4 billion) in the semiconductor operations this year despite
unfavorable business environments, said the report.
Recovery?
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