Samsung has announced that it will invest a record $40.4 billion across its businesses this year, increasing the sum by 12 percent on last year’s figures, as it plans for what it has already labelled a “tough year”.
A Samsung statement, reported by the AFP (via ABS-CBN News), confirmed that the Korean electronics firm would plough increased funds into recruiting (up 4 percent on 2011), facilities (up 11 percent), research and development (up 13 percent) and capital investment (up 10 percent).
The group, which company chairman Lee Kun-Hee admitted would look to acquisitions and new technology for the year, confirmed that it will look to new areas and make sizeable investments:
We will make large investments in our core businesses as well as new business sectors.
According to Reuters, Samsung’s fourth-quarter operating profit rose by 73 percent year-on-year to reach 5.2 trillion won ($4.5 billion), with a reported 35 million 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 has already shown its intention to work differently this year, with an emphasis on cost, after forming a joint-venture to develop mobile chipsets alongside Japanese operator DoCoMo and tech firms Panasonic, Fujitsu and NEC.