Even surpassing oil companies from China and Saudi Arabia.
This month, European experts selected Samsung Electronics as the top capex leader in 2021, Business Korea reports. According to the source, last year the South Korean giant spent more than 37 billion euros on related needs, which is 23.7% more than the results of the previous year. This is the highest figure among the 2,500 companies included in the sample.
Image Source: Samsung Electronics
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The Korean giant managed to bypass the Chinese oil company PetroChina (36.2 billion euros) and Saudi Saudi Arabian Oil (Aramco, 28.17 billion euros) in this rating. “Neighbors in the shop” spent even less: Intel limited itself to capital expenditures of 17.95 billion euros, and TSMC spent 26.8 billion euros on these needs last year. However, both companies should exceed these indicators with a margin this year, so it is not a fact that Samsung Electronics will remain the sector leader in 2022. The bulk of Samsung’s spending, it must be understood, was associated with the modernization and expansion of enterprises for the production of memory chips.
