WSJ: Samsung Outspends Exxon and Shell Combined

Write : 2018-01-10 08:43:51 Update : 2018-01-10 09:06:21

WSJ: Samsung Outspends Exxon and Shell Combined

Samsung Electronics spent more on capital expenditures last year than any other publicly traded company. 

Quoting S&P Global Market Intelligence, the Wall Street Journal(WSJ) reported on Tuesday that the South Korean tech giant spent 44 billion U.S. dollars last year, nearly doubling its investment in new or existing facilities making semiconductors, displays and other products.

The WSJ said that the spending is larger than oil majors Exxon Mobil and Royal Dutch Shell combined and 50 percent larger than PetroChina, which came in second.

The U.S. daily said that it is a dramatic example of how technology and telecom firms have driven an uptick in global manufacturing investment.

The WSJ said that Samsung's investment was concentrated in smartphone displays and memory chips for smartphones and the recent surge in chip prices due to a short supply has given powerful influence to Samsung in the global supply chain.

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