REG - Samsung Electronics - Announcement of Capex Result for FY2023

Samsung Electronics CoAnnouncement

31/01/2024 07:00

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RNS Number : 5028B  Samsung Electronics Co. Ld  31 January 2024

Announcement of Capex Result for FY 2023

 

Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD), on January 31,
2024, announced that its capital expenditure ("Capex") for FY 2023 was
approximately KRW 53.1 trillion.

 

□ Details

 Purpose          To increase competitiveness of key businesses
 Amount           - Total capex: approximately KRW 53.1 trillion

                  ·  Device Solutions: KRW 48.4 trillion

                  ·  Samsung Display Corp: KRW 2.4 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. 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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