Samsung Matches Record Sales With Big Spending on Chip Tech
- Foldables already contributing to mobile and display growth
- Cost of raw materials and logistics to weigh on 2022 profits
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Samsung Electronics Co. is stepping up spending on advanced chipmaking technology as it sees growing demand for its smartphones, displays and memory products.
South Korea’s biggest company reported 43.6 trillion won ($36.3 billion) in semiconductor capital expenditure in 2021, eclipsing rivals as it acquired extreme ultraviolet lithography (EUV) machines to pursue aggressive expansion of its most lucrative memory and system chipmaking. It expects a recovery in server and PC memory demand and said foldables are already helping its sales growth, though declined to offer a forecast due to the high degree of uncertainty around supply chains and the pandemic.