Thursday, September 29, 2005
Samsung Electronics announced a $33 billion investment plan to add new production lines, in a move to widen the gap with its smaller rivals while adding capacity in the relatively weak non-memory area, analysts said.
"It is Samsung's intention to be completely out of reach of smaller memory chip makers," said Kim Ik-sang, an analyst of CJ Investment & Securities.
In the first quarter, Samsung had a 31 percent share of the DRAM (dynamic random access memory) market, followed by U.S. company Micron Technology Inc. with 16.8 percent and South Korea's Hynix Semiconductor Inc. with 16.5 percent.
Lifted by the investment, Samsung expects its semiconductor sales to reach $61 billion in 2012, more than treble the $17.5 billion in sales in 2004, the company said in a statement.
Samsung also said it was considering building new production facilities in the United States, although nothing was set.
By: DocMemory
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