Samsung Electronics invests US$5B to expand production facilities

Sept. 20, 2002 – Seoul, Korea – Samsung Electronics plans to invest about 6 trillion won (US$5 billion) next year for expansion of manufacturing facilities.

The company has decided to increase the portion of flash memory out of its memory chip business from today’s 16% to 34% in 2005, and 40% in 2010, reported the Financial Times.

Also, its long-term plan calls for expanding its market share for 10-in. or larger thin film transistor-LCDs to more than 20% to maintain it market share.


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