FLGS – Global Finance Report

Samsung Electronics Co., projected revenue growth this year will encourage increased spending plans chip vendors, television, and mobile phones are the largest in Asia.

In the last year, Samsung plans spending reached U.S. $ 7 billion. Recovery of the global economy expected to drive demand for TV products, mobile phones and computers.

Samsung’s annual profit shot up 75%, the highest within the last five years, to U.S. $ 8.3 billion.

Choi Gee Sung, who was appointed CEO of Ericsson in the last month, faces competition to retain market share amid Samsung increasingly tight competition from other television vendors such as Sony Corp. and Apple Inc. in the mobile market.

Net income in the quarter Samsung IV/2009 reached 3.05 trillion won, up from the losses experienced by Samsung in the same period the previous year 22.2 billion won. Demand for chips and LCD at this year remains strong.

DisplaySearch research institute projected that the global LCD sales rose by 22% to 171 million units.

Previously, Samsung LCD sales target this year will reach 35 million units, while LG Electronics Inc., the second largest vendor, target will sell 25 million units.