Samsung to invest record £29.6bn in 2012
Samsung Group is investing a record £26.9billion in expansion throughout 2012, adding a record 26,000 employees in the process.
Analysts believe the South Korean company will raise investment in mobile chips and next generation organic light emitting diode (oled) flat screen displays.
The group did not provide a breakdown of the investment, but it is expected to be spent on new factories, research and development activities, mergers and acquisitions. With the addition of 26,000 employees in 2012, the company's total workforce will increase to 376,000.
Samsung Electronics also plans to merge its own bada mobile phone operating software with the open source Tizen platform in a bid to find alternatives to Google's Android in its devices. Two Linux software groups, one backed by Samsung and another by Intel, agreed to develop Tizen four months ago. Devised as a new operating system for smartphones, the companies merged their LiMo and Meego platforms.
