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Samsung, which supplies semiconductors to Apple's (AAPL.O) iPhone and iPad tablet, is considering selling the 5-year bond to secure operational funds for its chip operations in Austin, Texas, and has sent requests for proposals to banks to manage the deal, a Samsung spokesman said. The South Korean firm had around 22 trillion won ($19.2 billion) in cash as of end-September and mainly uses its internal cash to fund investments. The company plans to increase investment this year mainly to boost production of mobile chips and next-generation OLED (organic light-emitting diode) display panels. It has yet to announce detailed investment plans for 2012. ($1 = 1148.2000 Korean won) (Reporting by Miyoung Kim; Editing by Jonathan Hopfner) Tech Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. 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Other News on Monday, 16 January 2012
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UK's Cameron offers talks on Scottish independence vote |
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Car bomb kills at least 8 in Iraq's Mosul: hospital |
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Samsung plans $1 billion debt sale to fund U.S. chip plant |
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Egypt : Mohammed Morsi won with 52 percent
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