Samsung is the world's leader in CDMA handsets. Nok had better get on board or it will have a MOT-opian experience(MOT betting alot on analog and pagers, while the world went digital).
Samsung Elec to invest 32 trln won by end-2005
SEOUL, Feb 21 (Reuters) - Chipmaker Samsung Electronics Co <05930.KS> said on Monday it plans to spend 32 trillion won by the end of 2005 to expand production capacity and enhance its technology in seven key products.
Samsung said in a statement the seven products are memory chips, thin-film transistor liquid crystal displays (TFT-LCDs), computer monitors and printers, digital televisions, CDMA and IMT-2000 mobile telecom equipment.
It did not give a breakdown of the investment.
The company, flagship unit of the Samsung Group 1/8SAGR.CN 3/8, is already the world's largest supplier of memory chips, TFT-LCD panels, computer monitors and code-division multiple access (CDMA) telephone handsets.
Samsung aims to emerge as the world's biggest producer of the other three items while strengthening its dominance in the first four areas, Samsung said in the statement based on a meeting of executives held in Austin, Texas, late last week.
International Mobile Telecommunication or IMT-2000 service, yet to begin commercially, is expected to enable global roaming of mobile telephone and higher-quality multimedia telecommunications service.
Samsung Electronics said chairman Lee Kun-hee, also chairman of the group, is expected to return from cancer treatment in the United States in the middle of March as he has made good progress.
Shares of Samsung Electronics were unmoved by the fresh business plan and traded 2.64 percent or 7,000 won lower at 258,000 won early on Monday on the Korea Stock Exchange.
20:36 02-20-00
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