Tuesday, September 9, 2003
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.
The latest investment is additional to a 5.77 trillion won (about US$4.9 billion) capital spending budget the company has allocated for semiconductor operations in 2003, the report said.
The investment is set to go to Samsung's 12th memory line, which makes memories on 300-millimeter diameter wafers, the article added. It is expected to boost production of DRAMs and flash memory chips.
By: DocMemory
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