Samsung Boosts Dividend as Profit Beats Estimates on Chips
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Samsung Electronics Co. will spend more than $21.4 billion this year to help supply chips and displays to Apple Inc. and Chinese competitors eating away at its Galaxy smartphone sales.
Capital expenditure will top the 23.4 trillion won spent last year in an effort to boost processor chip output, the Suwon, South Korea-based company said Thursday as earnings fell for a third straight quarter. The spending plan comes as Apple surged into a tie with Samsung as the biggest smartphone maker with about 20 percent of shipments.