Samsung to invest in chips, panels as smartphone outlook dims

By Miyoung Kim SEOUL (Reuters) - 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 47. ...

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