Samsung vows to keep up investment as trade war raises risks – The Associated Press

Samsung vows to keep up investment as trade war raises risks  The Associated Press

SEOUL, South Korea (AP) — Samsung Electronics’ Vice Chairman Lee Jae-yong has vowed to keep up robust investments in key businesses as South Korea’s leading company weathers slowing demand and the impact of trade clashes between Washington and Beijing. In a weekend meeting with top Samsung executives, Lee called for “unwavering focus on long-term, fundamental leadership in technology” and reaffirmed plans to invest 133 trillion won ($112 billion) to strengthen the company’s presence in the non-memory chip market. Samsung is the world’s biggest maker of memory chips and smartphones, strong b…

Source: Investment New Feed