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Samsung Boosts Capital Spending as High-End Phone Demand Slows

Samsung Electronics Co. will invest $18 billion in its memory-chip and display businesses this year as the world’s biggest smartphone maker tries to ward off slowing demand for high-end devices such as its Galaxy S4.

Capital spending for those divisions will increase to 19.5 trillion won as the company reported second-quarter earnings that missed analyst estimates. Net income, excluding minority interest, rose 50 percent to 7.58 trillion, compared with the