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>> Samsung is doubling down on memory chips and phone screens. The South Korean tech giant planning to invest $18.6 billion in developing the products. It wants to extend its lead in the Smartphone components, and says the new plan could create almost half a million jobs. Samsung routinely invests $10 billion a year in chip research and production that helps keep it ahead of rivals SK Hynix and Toshiba.
But the new plan comes after South Korean President Moon Jae-in called on big firms to invest more. It's also aimed at calming jittery investors. Samsung shareholders on edge as group chief, Jay Y Lee, goes on trial charged with bribing the country's former president. The firm widely expected to have a good year for all that.
Memory chip makers forecast to post record results that as Smartphones grow ever more powerful and every more hungry for cutting edge silicon.