] Samsung Electronics
and SK hynix
are anticipated to make record investments to expand and upgrade their facilities this year, industry sources said on Aug. 2.
The two tech giants plan to allocated a whopping 30 trillion won (US$26.70 billion) to secure sustainable growth following their robust performances, sources said.
Samsung Electronics has injected some 12.5 trillion won in facility investment over the first half of the year, which is nearly equal to 13.1 trillion won spent for the whole of 2016.
Experts said Samsung’s combined investment for 2017 may reach 20 trillion won, with some analysts even forecasting 29 trillion won.
Korea’s No. 1 chipmaker is expected to focus investment on V-NAND flash and image sensor products, along with its foundry business.
SK hynix has also decided to invest 9.6 trillion won in facilities this year, seeking to expand production capacities for DRAM chips and NAND flash memory. The amount marks an increase from 7 trillion won originally planned earlier this year.
By Alex Lee and newswires (email@example.com