Announcement of Capex Plan for FY2024
Announcement of Capex Plan for FY 2024
Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) on October 31, 2024, announced its capital expenditure plan of approximately KRW 56.7 trillion.
□ Details
|
Purpose |
To increase competitiveness of key businesses |
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Amount |
- Total planned capex: approximately KRW 56.7 trillion · Device Solutions: KRW 47.9 trillion · Samsung Display Corp: KRW 5.6 trillion |
|
Period |
Jan 1, 2024-Dec 31, 2024 |
|
Details |
- DS investments: investments in advanced technology to meet demand for high-value-added products and in the backend process and for R&D, etc. - SDC: investments in fabs for mobile display, 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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