O~~o.. Meanwhile, BW reports that Samsung, Korean industrial giant, is selling off autos, petrochemicals, aerospace, and "other laggards" to focus on memory chips, liquid-crystal displays, telecom equipment, and financial services. Currely memory chips, PCs, and phones combined make up 20 percent of Samsung's sales. Samsun, nevertheless is identified as "the world's dominant memory chip maker".
Elsewhere in the article, it is reported that "betting is that Intel will pony up $500 million for an equity in Samsung, thus ensuring a steady supply of high-end memory chips...". I'm a bit disappointed that, now with the Koreans required to play by the world's financial rules, we have the U.S. supporting the companies like Samsung (by having the IMF bail out their financing banks, and then we see U.S. companies discussing further support... I'm happy to see the Koreans get into the world's economic fray in a big way -- competition is good for all ..... but FAIR competition, wouldn't you agree? TSO |
