Samsung reins in capex, sets budget at 2012 level

01/24/2013 | Reuters

Samsung Electronics, which has traditionally boosted its budget for capital expenditures every year except during the global financial crisis, has turned more cautious this year, putting its capital spending at about the same level as 2012, this article notes. "The key word for us in investment in 2013 is flexibility. We'll decide as the market demand dictates," Samsung's Robert Yi said.

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