Samsung Electronics Co. Ltd.'s Q1 semiconductor sales were slightly higher than the year-ago results of $2.36 billion (2.97 trillion won), according to Reuters.

Samsung said the company expected a recovery in chip prices in 2004 and that the unit would stay with its $4.6 billion (5.7 trillion won) capital expenditure for 2003.

The statement came in as some analysts expect a 30 percent-plus decrease in Q1 semiconductor sales year-over-year, partially because of fallen DRAM prices.

Samsung further told Reuters that the compnay expects the market to pickup with consolidation among suppliers and the introduction of new mobile phones and digital televisions to boost sales.

By: DocMemory
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