[Concall] Samsung Electronics Reaffirms No Artificial Production Cuts... Maintains Investment Scale

[Asia Economy Reporter Park Sun-mi] Samsung Electronics reaffirmed its stance that there will be no artificial production cuts in the memory semiconductor sector, where demand is decreasing and selling prices are falling.

On the 31st, during the Q4 earnings conference call, Samsung Electronics stated, "We will continue infrastructure investments to respond to medium- to long-term demand." Samsung Electronics said, "This year's capital expenditure (CAPEX) will be at a level similar to last year," adding, "Although the weak market conditions are not favorable for immediate earnings, it is a good opportunity to thoroughly prepare for the future."

It continued, "We are also strengthening production line maintenance and equipment relocation to optimize the highest quality and line operations," and added, "We are efficiently promoting the transition to future advanced nodes." It also emphasized, "The proportion of research and development (R&D) within this year's capital investment may increase."