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SEOUL, South Korea – Samsung Electronics Vice President Lee Jae-yong pledged to maintain robust investments in key companies, as South Korea's largest company is resilient to slowing demand and the impact of trade disputes between Washington and Beijing.
In a meeting this weekend with senior Samsung executives, Lee called for "an unwavering focus on long-term and fundamental technology leadership" and reaffirmed his intention to invest 133,000 billion won ($ 112 billion) to strengthen the company's presence in the non-memory chip market.
Samsung is the world's leading manufacturer of memory chips and smartphones, with a strong presence of components and finished products.
The company saw its operating profit decrease more than 60% in the last quarter compared to the previous year due to falling chip prices and weak demand for billboards. .
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