经济学人:韩国财阀:三星的千亿美元投资(1)

 　　Samsung rarely talks in public about its corporate¹ strategy. 三星很少公开谈论其企业战略。

　　So when South Korea's biggest chaebol (conglomerate²) announced with much fanfare³ in early August 所以8月初，当韩国最大财阀（企业集团）多少带有炫耀意味地宣布

　　that it would invest 180trn won ($161bn) over the next three years, on top of another boost in spending last year, 未来三年，将在去年九月促进支出的基础上，再投资180万亿韩元（1610亿美元）时，

　　observers noted⁴ that it came days after a meeting between Lee Jae-yong, the group's de facto leader, and Kim Dong-yeon, South Korea's finance minister. 观察员注意到在该消息宣布前，三星实际领导者李在镕和韩国财务部长金东兖进行了会面。

　　Was Samsung trying to commend itself as a good corporate citizen to a government that has pledged to rein⁵ in the power of the chaebol? 三星是否是想通过保证公司会放慢对财阀的控制，从而向政府证明自己是个良好的企业公民呢？

　　Shovelling⁶ spare cash to research and development seems sensible enough for a company facing declining sales of smartphones, 智能手机一直都是三星的摇钱树，而如今三星面临智能手机销售额下滑，

　　which have long been its cash cow. 那么将闲钱投入研究和开发之中，是非常理智的。

　　Both smartphones and semiconductors⁷, another important source of profits, 手机和半导体都是其利润的重要来源，

　　look vulnerable to competition from China, where rivals can count on generous government support. 两者在与中国对手的竞争中看起来十分脆弱，因为这些对手可以依靠政府慷慨的支持。

　　That explains why around 90% of the extra money will go to Samsung Electronics, chiefly the chipmaking business. 这也就解释了为什么额外投资资金中的约90%会流入三星电子，主要是流入芯片制造业。

　　(Across the conglomerate, 25trn won has been set aside to dabble⁸ in artificial intelligence, biotechnology and other more speculative⁹ ideas.) （纵观整个企业集团，已拨出25万亿韩元用于尝试人工智能、生物技术和其他更多投机行业。）

　　But investors¹⁰, who have cooled on Samsung since May because of weak chip sales, 但是自5月起，由于芯片销量不佳而对三星冷淡的投资者

　　appear unconvinced that the plan will reverse a slowdown in profit growth. 似乎不相信这个计划会扭转利润增长缓慢的局面。

　　The share price has kept sliding this month, to its lowest level in over a year. 本月公司股价一直下滑，低至一年最低点。

　　This has fuelled suspicions that moneymen may not have been the plan's only, or even main, intended audience. 这更加刺激了大家的怀疑—投资者或许并不是该计划唯一或者甚至是主要的目标观众。

1 corporate   

adj.共同的，全体的；公司的，企业的

参考例句：

• This is our corporate responsibility.这是我们共同的责任。
• His corporate's life will be as short as a rabbit's tail.他的公司的寿命是兔子尾巴长不了。

2 conglomerate   

n.综合商社，多元化集团公司

参考例句：

• The firm has been taken over by an American conglomerate.该公司已被美国一企业集团接管。
• An American conglomerate holds a major share in the company.一家美国的大联合企业持有该公司的大部分股份。

3 fanfare   

n.喇叭；号角之声；v.热闹地宣布

参考例句：

• The product was launched amid much fanfare worldwide.这个产品在世界各地隆重推出。
• A fanfare of trumpets heralded the arrival of the King.嘹亮的小号声宣告了国王驾到。

4 noted   

adj.著名的，知名的

参考例句：

• The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。
• Jim is noted for arriving late for work.吉姆上班迟到出了名。

5 rein   

n.疆绳，统治，支配；vt.以僵绳控制，统治

参考例句：

• The horse answered to the slightest pull on the rein.只要缰绳轻轻一拉,马就作出反应。
• He never drew rein for a moment till he reached the river.他一刻不停地一直跑到河边。

6 shovelling   

v.铲子( shovel的现在分词 )；锹；推土机、挖土机等的)铲；铲形部份

参考例句：

• The workers are shovelling the sand. 工人们正在铲沙子。 来自辞典例句
• They were shovelling coal up. 他们在铲煤。 来自辞典例句

7 semiconductors   

n.半导体( semiconductor的名词复数 )

参考例句：

• Crystals may be insulators, semiconductors, or conductors. 晶体可以是绝缘体，半导体，或导体。 来自辞典例句
• Semiconductors containing such impurities are called p-type semiconductors. 含有这类杂质的半导体叫做P型半导体。 来自辞典例句

8 dabble   

v.涉足，浅赏

参考例句：

• They dabble in the stock market.他们少量投资于股市。
• Never dabble with things of which you have no knowledge.绝不要插手你不了解的事物。

9 speculative   

adj.思索性的，暝想性的，推理的

参考例句：

• Much of our information is speculative.我们的许多信息是带推测性的。
• The report is highly speculative and should be ignored.那个报道推测的成分很大，不应理会。

10 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会