REG - Samsung Electronics - Announcement of Capex Plan for FY2023

Samsung Electronics CoAnnouncement

31/10/2023 07:30

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RNS Number : 8396R  Samsung Electronics Co. Ld  31 October 2023

Announcement of Capex Plan for FY 2023

 

Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) on October 31,
2023, announced its capital expenditure plan of approximately KRW 53.7
trillion.

 

□ Details

 Purpose          To increase competitiveness of key businesses
 Amount           - Total planned capex: approximately KRW 53.7 trillion

                  ·  Device Solutions: KRW 47.5 trillion

                  ·  Samsung Display Corp: KRW 3.1 trillion
 Period           Jan 1, 2023-Dec 31, 2023
                  - DS investments: memory and foundry infrastructure as well as R&D to

                address future demand; capacity expansion and process migration to increase
 Details          production capacity of advanced processes; etc.

                  - SDC: mobile OLED infrastructure and capacity expansion, etc.
 Expected effect  Strengthen business capabilities by solidifying technology leadership,
                  primarily in the component business

 

※ The capital expenditure plan is subject to change based on market
conditions. The statements contained herein, including management’s plan to
make capital investments and expenditures (including but not limited to, in
the amount and business segments referenced above), include statements of
future expectations and other forward-looking statements that are based on
management’s current views, expectations and assumptions and involve known
and unknown risks and uncertainties that could cause actual investments and/or
expenditures to differ materially from those expressed or implied in such
statements.  Actual investments or expenditures (including, but not limited
to, the amount, timing or business segment), performance or events may differ
materially from those in such statements due to, without limitation, (i)
general economic conditions, including in particular economic conditions in
Samsung Electronics Co., Ltd’s (“SECL”) core businesses and core
markets, (ii) performance of financial markets, including emerging markets,
and including market volatility, liquidity and credit events, (iii) currency
exchange rates, (iv) changing levels of competition, (v) changes in laws and
regulations, (vi) general competitive factors, in each case on a local,
regional, national and/or global basis. The matters discussed herein may also
be affected by risks and uncertainties described from time to time in SECL’s
filings with the Korea Stock Exchange (KRX), FSS (Korea), and Samsung Website.
Further information about risks and uncertainties affecting Samsung
Electronics Co., Ltd. is included throughout our most recent annual and
interim reports, as well as our most recent earnings release, which are
available on https://www.samsung.com/us/aboutsamsung/ir/newsMain.do
(https://www.samsung.com/us/aboutsamsung/ir/newsMain.do) . Should one or more
of these risks or uncertainties materialize, or should underlying assumptions
prove incorrect, actual capital expenditures and investments (including, but
not limited to, the area, timing, industry and amount) may vary materially
from the announced capital expenditure plan and those described in the
relevant forward-looking statement (if any), and all such statements and plan
are subject to certain risks and uncertainties that could cause our actual
investments and expenditures to be materially different from those expressed
herein. The company assumes no obligation to update any forward-looking
statement, including the capital expenditure plan.

 

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