Samsung is reportedly set to spend a “record” KRW43.1 trillion (US$38 billion) during 2011 in order to bolster its development of next-generation technologies, including a significant investment in OLED screens as used in smartphones such as the Galaxy S. According to Dow Jones Newswires, this is an 18 percent increase year-on-year, although the company is also slimming its investment in semiconductors somewhat. Last month, it was reported that LG Electronics, Samsung’s Korean rival, is intending to increase its investments by 12 percent, in order to strengthen the performance  of its core operating units.