Chief Executive Officer Yun Jong-yong and other officials met for the first time with industry analysts and investors to share information about the company's outlook
....Yun said the South Korean firm aimed to be "one of the top three electronics companies in the world in quantity and quality by 2010, by increasing the number of our leading market share products from the current eight to more than 20 products and also by more tha doubling our 2004 sales."
....Samsung, the world's largest memory chip maker and a top producer of consumer electronics, including flat-screen televisions, mobile phone handsets, MP3 players and laptop computers, recorded sales of 78.9 trillion won ($76 billion) in 2004.
[ One could understand why the market has been manipulated such that MP3 players - all competitors to Samsung - would not be able to get their supply of NAND memory. If Samsung can't do price fixing anymore the next best thing is to manipulate the market by locking-up the supply of available NAND such as Samsung has done so their MP3 competitors go out of business.]
The company, which employees over 113,000 people in 48 countries
....the company has suffered from some negative publicity, including a huge price-fixing fine of $300 million levied recently in the United States over accusations it secretly conspired with industry rivals to fix chip prices and cheat customers.
Besides being South Korea's largest company in terms of market capitalization and sales, Samsung is the world's second-biggest semiconductor maker after Intel Corp
...In September, the company announced an ambitious seven-year, $33 billion capital investment plan that it expects to create 14,000 new jobs in South Korea. Semiconductor revenue will reach $61 billion in 2012 a near quadrupling from 2004.
"As of last year we has 26,000 R&D researchers," Lee Yoon-woo, Samsung's chief technology officer, told reporters Thursday. "We plan to increase that to 52,000 by 2010."
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