Samsung Announces $20 billion US Investment Plan

Electronics giant’s 2010 investment budget is largest in company history

Samsung has committed to this historic investment as it sees the demand for consumer electronics and IT gradually improving in the market. The global company seeks to capitalize on the upward curve by investing in semiconductor facilities, expanding LCD panel production, and R&D. New manufacturing lines being invested in by Samsung is expected to add 10,000+ new jobs this year.

TechConnect Note: Bill Byun of Samsung Ventures will be participating at the upcoming TechConnect Summit (link TCS home page) conference June 22-24 in Anaheim, CA. Mr. Byun will be a featured speaker at the US-Korea TechConnect Program on June 23, and the TechConnect Corporate Partnering Session on June 24.

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