. Samsung Group, the parent company that owns Samsung Electronics and several other subsidiaries, said it plans to spend $41.1 billion investing in new technology this year. Reuters said most analysts expect the company to spend a large chunk of that money on OLED and mobile technologies in an effort to continue to stay on target with its rivals. The South Korea-based company uses its OLED displays on mobile phones and on televisions. “Samsung's got strong cash flow to make bold bets in new technologies,” NH Investment & Securities analyst Lee Sun-tae told Reuters.
Boy Genius Report, Samsung Group to boost investments to $41 billion this year
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