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Samsung to invest in chips, panels as smartphone outlook dims

Profits at its mobile division, which generates two thirds of its total earnings, slipped 3.5% from the previous quarter even with the launch of its flagship Galaxy S4

Reuters  |  Seoul 

  Samsung Electronics Co Ltd announced a $1 billion 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.   Samsung on Friday reported a ...

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First Published: Fri, July 26 2013. 10:42 IST