Hmmm, looks like Samsung is counting on some humungous growth.
June 22, 1999
Samsung Will Invest $1.2 Billion
In Non-Memory Chip Business
SEOUL, South Korea -- Samsung Electronics Co., South Korea's leading semiconductor manufacturer, said Tuesday that it intends to strengthen its non-memory chip, multimedia and telecommunication businesses.
Under the plan, the company said it plans to invest a total $1.2 billion by 2001 to expand the monthly production of its non-memory chip products, including large-scale integration chips.
Samsung said it expects sales of LSI chips to increase to $2.5 billion by 2001 from an estimated $1.2 billion this year.
By 2002, the company hopes its non-memory chip sales will make up around 35% of total semiconductor sales, rising from 20% currently. To support its plan, Samsung said it is looking to form a strategic alliance with a foreign company.
Samsung Electronics plans to build its operations on central processing units, application-specific integrated circuits and next-generation wireless communications products.
On Tuesday at the Korea Stock Exchange, Samsung's stock fell 1,000 won to 128,000 won. |
