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To: DJBEINO who wrote (8826)	10/25/2000 6:20:06 AM
From: Ram Seetharaman	Respond to of 9582

Samsung Announces New Vision for the Semiconductor Business Samsung Electronics forecasts Semiconductor Business sales to reach $30 billion by 2005. Samsung holds the number one market share in the memory market, which includes DRAM, SRAM, NAND Flash Memory and Rambus DRAM products. The System LSI division expects total sales of $5 billion by 2005 and aims to become the top manufacturer in 8 strategic product areas. Samsung aims to reach 20% market share and above for all 4 strategic application markets for TFT-LCDs. Samsung expects sales of $13 billion and investment of KRW5.7 trillion in 2000. SEOUL, Korea - September 6, 2000 - Ahead of operations at its new Line 10, Samsung Electronics announced its new vision for the semiconductor and TFT-LCD (This Film Transistor-Liquid Crystal Display) businesses. With the slogan "Becoming the World's Best Semiconductor and TFT-LCD Company", Samsung will embark on a new project that will distinguish it as the best in the semiconductor and TFT-LCD industries. The president and CEO of Samsung Electronics' Semiconductor Business Y. W. Lee states, "Samsung will improve its competitiveness in the Memory, System LSI and TFT-LCD businesses, reaching total sales of $30 billion by 2005." In order to accomplish this goal, Samsung Electronics will strengthen its position as the number one supplier of DRAM (Dynamic Random Access Memory), SRAM (Static Random Access Memory), NAND flash memory and next-generation Rambus DRAM products. The System LSI (Large Scale Integration) business will be organized around 8 key strategic product areas, becoming the top manufacturer in all of these fields by 2005. In answer to concerns over the recent oversupply of DRAM chips, Y. W. Lee states, "The mercurial growth of the Internet market and digital media products will lead to a shortage of DRAMs until the year 2002." In response to this expected shortage, Samsung Electronics will begin production at Line 10, which is located in a second fabrication facility in Hwasung, Korea, and the company expects to begin construction of Line 11 later this month. Production is expected to begin at Line 11 in the second-half of 2001. These additional lines will allow the company to become the first-to-market with next-generation, high-capacity memory products, such as Rambus DRAM and flash memory. Y. W. Lee adds, "Samsung Electronics was the first company in the industry to operate a 300mm wafer pilot line. We have secured the technology to construct a 300mm wafer line within Line 11. The line will be operational from the second-half of 2001." Samsung Electronics is also able to accommodate its buyers' growing demand of System LSI semiconductors. Next month, the company plans to break ground on a new 8-inch production line exclusively for System LSI semiconductors. Production of 0.13- to 0.18-micron design rule ASIC (Application Specific Integrated Circuit), CPU (Central Processing Unit) and SOC (System-on-a-Chip) products will begin from early 2002. Through these efforts, System LSI division sales will increase from this year's $1.7 billion by 24% every year to reach $3 billion in 2002 and $5 billion in 2005. In addition, Samsung will nurture its LDI (LCD Driver IC), MCU (Micro Controller Unit), CPU and System ASIC business, becoming a top-tier company by 2002. By 2005, the company will nurture its mixed signal, digital consumer, PC and peripheral, and telecommunications network chips to become the top company in these 4 strategic areas. In addition, Samsung will nurture its LDI (LCD Driver IC), MCU (Micro Controller Unit), CPU and System ASIC business, becoming a top-tier company by 2002. By 2005, the company will nurture its mixed signal, digital consumer, PC and peripheral, and telecommunications network chips to become the top company in these 4 strategic areas. Samsung has attained the number 1 position in the mid-to-large-size screen TFT-LCD market since 1998. Recent world's first developments in smaller screens such as the 2-inch product for IMT-2000 terminals and 6.6-inch high-resolution product will assure Samsung's overall position in the market. The company aims to secure 20% market share and above for all 4 major application markets, including the notebook PC, monitor, LCD TV and small-to-mid-size screen markets. With the added punch in growth from the memory, System LSI and TFT-LCD businesses, Samsung's Semiconductor Business expects to record 2000 sales of $13 billion. According to the technology research firm Dataquest, the world semiconductor market is expected to grow from this year's $220 billion to $320 billion by 2002. In particular, the memory market is expected to grow at an average yearly rate of 36% from this year to become a $99 billion market. About Samsung Electronics Samsung Electronics Co., Ltd., with 1999 sales revenue of US$22.8 billion is a world leader in the electronics industry. The Korea-based concern has operations in about 50 countries with 54,000 employees worldwide. The company consists of three main business units: Digital Media, Semiconductors and Information & Communications Businesses. For more information, please visit our website, samsungelectronics.com

To: DJBEINO who wrote (8826)	10/25/2000 6:22:14 AM
From: Ram Seetharaman	Read Replies (2) \| Respond to of 9582

Tuesday October 24 8:00 PM ET LSI Logic, Fairchild Semi Post Strong Earnings By Duncan Martell SAN FRANCISCO (Reuters) - Chipmaker LSI Logic Corp. on Tuesday posted third-quarter profits that more than doubled -- topping expectations by one cent per share -- as sales rose 35 percent, and the company said fourth-quarter revenues will rise about 10 percent from third-quarter levels. Milpitas, Calif.-based LSI Logic (NYSE:LSI - news) said net income before amortization of goodwill and other special items was $114 million or 33 cents a share, compared to $55 million or 17 cents a year ago. The third-quarter diluted share figures have been adjusted to reflect last February's two-for-one common stock split. Sales rose to $728 million from $540 million. The consensus earnings forecast for LSI Logic was 32 cents a share, according to First Call/Thomson Financial. LSI Logic's earnings came one day after National Semiconductor Corp. (NYSE:NSM - news) said that sales in its second and third quarters would likely come in below expectations amid an inventory correction by mobile phone makers and a slower than expected pick-up in demand by PC makers for its chips. ``Overall, demand looks pretty good for us,'' said Wilfred Corrigan, LSI Logic's chairman, president and chief executive officer, on a conference call. Demand is also looking good for other chipmakers, who either matched or topped consensus forecasts in reporting quarterly earnings on Tuesday, particularly those with limited exposure to the mobile phone and PC markets. Diversified chipmaker Fairchild Semiconductor International Inc. posted third-quarter profits that breezed past Wall Street profit forecasts as sales shot up 42 percent from a year ago. The Portland, Maine-based chipmaker said net income before one-time charges rose to $84.0 million, or 82 cents a share, compared with $25.9 million, or 28 cents a year ago, assuming the company's initial public offering had taken place at the beginning of 1999. On that basis, the results topped the consensus earnings forecast of 72 cents, according to First Call/Thomson Financial. Estimates ranged from 71 cents to 73 cents. ``I love it when the analysts say I had a blowout quarter,'' said Kirk Pond, chairman, chief executive and president of Fairchild in an interview. Given the jitters among investors the last couple of weeks in the chip industry, Pond said: ``We're quite pleased to be able to tell people that our multimarket model is working well.'' In a conference call with investors, LSI Logic executives said they were comfortable with the full-year 2000 earnings per share estimate of $1.78 and added they expect to post per-share earnings of 36 cents in the fourth quarter. Analog chipmaker Maxim Integrated Products Inc. also on Tuesday posted strong earnings for its fiscal first quarter, meeting expectations, as sales rose to a record. Sunnyvale, Calif.-based Maxim said net income rose 61 percent to $93.3 million, or 29 cents a share, from $58 million, or 19 cents, a year ago. Sales rose to $285 million from $180 million. Maxim stock fell 7/16 to $77-7/16 on Tuesday on Nasdaq. Fairchild Semiconductor shares fell $1-5/8 to $18-1/4 on the New York Stock Exchange (news - web sites). LSI Logic shares fell $3-9/16, or 11 percent, to $28-1/2 on the New York Stock Exchange amid a rout in semiconductor stocks. The stock is well of its year-high of $90-1/4 but up slightly from a year low of $22-7/16.