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Technology Stocks : Alliance Semiconductor

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Jul 10 5:00 PM EST

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To: Ram Seetharaman who wrote (5081)	6/21/1999 8:11:00 AM
From: DJBEINO	Read Replies (1) of 9582

Samsung to boost non-memory chip output SEOUL, June 21 (Reuters) - South Korea's Samsung Electronics planned to invest $1.2 billion by 2001 to expand its monthly production capacity of non-memory chips, the company said on Monday. Samsung said in a statement it has been restructuring its business towards production of non-memory chips, including computer central processing units (CPUs), application-specific integrated circuits (ASICs) and some other value-added areas which the company believed would be the future direction of the electronics industry. Chin Daeje, executive vice president and chief executive officer of Samsung's non-memory chip division, said Samsung has targeted non-memory chip sales at $1.8 billion in 2000 and $2.5 billion in 2001 from an estimated $1.2 billion in 1999. Samsung is the world largest dynamic random access memory (DRAM) chip producer biz.yahoo.com

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