Mad Ventures 24 Billion Dollars! Samsung wants to expand its panel production capacity

With the advent of the end of October 2016, the Q3 quarterly reports of major companies have also come out one after another. According to foreign media reports, Samsung Electronics released its third-quarter 2016 financial report yesterday. The financial report showed that the company’s net profit in the third quarter fell to 4.41 trillion won (approximately US$3.9 billion), due to the recall of Note7. Declined by 17%.

The most affected is naturally its mobile sector. The operating profit for the third quarter fell by 96% from the same period of last year to a record low. However, Samsung’s panel and chip business performed well during the quarter, with operating profits of 1.02 trillion won and 3.37 trillion won, respectively, up 10% year-on-year and down 9% year-on-year.

Therefore, this part of the more powerful business Samsung will inevitably attach great importance to the future. It is reported that Samsung will invest a record 24 billion U.S. dollars in order to increase the production capacity of its parts and components business. In addition to meeting their own mobile phones, these parts will be sold in the future.

In recent days, the new flagships of Chinese manufacturers have begun to use dual curved OLED screens, and rumors that Apple will become a big buyer of such screens next year. In addition, with the latest 10nm chip technology, next year, Samsung may also become a foundry of Xiaolong 830 and Apple A11 chips. Therefore, it is reasonable for Samsung to invest heavily in this field.

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