SEOUL: Samsung Electronics Co Ltd announced a US$1bil (RM3.22bil) increase in investment on Friday, hoping a strong recovery in semiconductors will make up for weakening smartphone growth as it faces mounting pressure to produce eye-catching new gadgets.
The high-end smartphone market, which Samsung dominates along with Apple Inc, is slowing and the South Korean giant is struggling to convince investors it can crack the rapidly growing low-end segment, where its rivals include China's Huawei Technologies Co Ltd and ZTE Corp.
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