Samsung puts lid on capex for 1st time since financial crisis

Samsung Electronics Co turned cautious on spending for the first time since the global financial crisis, keeping its annual investment plan unchanged at 2012 levels, as demand for computer chips wanes and the smartphone market slows.Running Board suppliers 

Samsung, one of the industry's most aggressive spenders, has ramped up capital expenditure every year since 2004 except 2009 to meet soaring demand for its array of mobile devices. It sold a record 700,000 smartphones a day in the last quarter. 

But with the personal computer market shrinking for the first time in 11 years, the global smartphone market growing more slowly, and Apple Inc moving to buy fewer of Samsung's microprocessors used in the iPhone and iPad, the South Korean IT giant is now forced to keep a lid on spending.tyres and wheels service & repair equipment 

Samsung, which posted a record October-DeceThis is the major reason properly made carbon sheets products command a price premium.Producing lightweight, strong and dimensionally stable composite components requires a deep understanding of the properties of carbon fiber.mber profit on Friday, said it would keep spending this year at a level similar to 2012, without giving details. The company said previously it planned to spend 25 trillion won ($23.39 billion) in 2012. 

While the decision to keep spending unchanged defies analyst expectations of a 4-20 percent cut, rival Taiwan's TSMC by comparison is planning to raise its capital expenditure to $9 billion this year, aimed in part at winning Apple orders away from Samsung. 

The South Korean company had poured money into factories to boost production of chips and panels used in Apple products and its Galaxy range products, pushing its operating profit to 8.84 trillion won in the last quarter.tire changer The 89 percent increase from a year earlier was in line with its earlier estimate.A wide range of kitchen balance scale, cooking scales and food weighing scales available to buy online at fantastic prices. 

Profit at its mobile devices division, which makes phones, tablets and cameras, more than doubled to 5.44 trillion won in the quarter from a year earlier, lifted by a broader offering of smartphones - from the very cheap to the very expensive. It is also seeing strong sales of its Note phablet, which analysts expect to help Samsung get through any seasonal weakness better than rivals. 

Samsung, which doesn't provide a breakdown of smartphone sales, is estimated to have sold around 63 million smartphones in the last quarter, including 15 million Galaxy S IIIs and 7 million Note IIs.