Samsung confirmed that its management committee has approved a $908 million (946.8 billion South Korea won) to expand and upgrade its existing memory lines, according to the report.

The investment is part of Samsung’s 2008 investment plan of $10.5 billion (11 trillion won), with about 64% it earmarked for memory products such as DRAM and flash, news reports said.

Samsung, along with other memory makers are expecting the memory industry to turn a corner in the second half of the year following severe memory price drops of the recent past. 

By: DocMemory
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