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

To: Proud_Infidel who wrote (8455)	1/13/2004 8:13:46 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

Samsung to spend $1 billion on flash, DRAM, says report Silicon Strategies 01/13/2004, 7:59 AM ET SEOUL, South Korea -- Samsung Electronics Co. Ltd. announced $1 billion of fresh investment in its semiconductor business and promoted two key executives on Tuesday (January 13, 2003), according to a Reuters report. The company said it would spend 1.2 trillion won ($1.02 billion) on a production line to boost output of DRAM and flash memory chips and promoted to joint vice chairman Lee Yoon-woo, 58. He was previously president of the semiconductor division, a job that will be taken by memory chip president Hwang Chang-gyu, 52, according to the report. The report said analysts credit the two executives for keeping Samsung profitable in the memory area, while most of Samsung's rivals have suffered from many quarters of losses. Samsung's earlier emphasis on technology meant it was able to switch production from DRAM to flash during 2003 and optimize its product mix for the market conditions.