SEOUL (Reuters) - Samsung Electronics Co <005930.KS> said on Monday its U.S. operation plans to sell around $1 billion in bonds, its first major overseas debt sale in more than a decade, to fund its chip plant operations.
Samsung, which supplies semiconductors to Apple's
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)