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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (7116)	9/9/2003 11:52:22 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

Samsung adds $430 million to chip capex, says report Silicon Strategies 09/09/2003, 9:17 AM ET SEOUL, South Korea -- Samsung Electronics Co.'s board has approved a plan to invest 505.5 billion won (about US$430 million) on its memory production line in Hwasung, south of Seoul, according to a Dow Jones report Tuesday (September 9, 2003) that cited a disclosure to the South Korean Financial Supervisory Service. The funding is expected to boost production of DRAMs and flash memory chips. Samsung's board approved the investment at a meeting Monday, the reported the company as saying. The latest investment is additional to a 5.77 trillion won (about US$4.9 billion) capital spending budget the company has earmarked for semiconductor operations in 2003, the article said. According to a recent ranking from IC Insights Samsung is set to spend US$3.4 billion on capital expenditure in 2003 (see August 25 story). The investment is set to go to Samsung's 12th memory line, which makes memories on 300-millimeter diameter wafers, the article added.