Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: TREND1 who wrote (48422)	9/20/1999 1:29:00 AM
From: DJBEINO	Read Replies (1) \| Respond to of 53903

Samsung Says It Won't Build New 64-Megabit DRAM Plant Seoul, Sept. 20 (Bloomberg) -- Samsung Electronics Co., the world's largest memory chip maker, denied a report that it will raise production capacity for 64-megabit dynamic random access memory chips, or DRAMs, to 30 million per month next year from 20 million. The Maeil Business Newspaper, citing company officials, said the company will also delay building a 256-megabit DRAM chip plant on expectations that the shortage of 64-megabit and 128- megabit DRAM chips will continue for the next two years. ''It's groundless,'' said James Chung, a Samsung spokesman. ''We are now considering the selection of a supplier of production facilities since we have completed laying the foundation for a new chip plant. Still, no decision has been made.'' Chung said it's been decided that the planned facility won't produce 12-inch wafers, which are needed for the production of 256-megabit DRAMs and more advanced types of chips. Samsung Electronics' sales rose to 2 trillion won ($1.7 billion) in July, up 54 percent from a year earlier, raising hopes it will reap a record full-year profit of about 3 trillion won. Shares of Samsung Electronics, which makes about one-fifth of the world's memory chips, rose 0.2 percent to 219,000 won.