Samsung to invest $296 million in memory-chip producing facilities

Feb. 27, 2003 – Seoul, Korea – Samsung Electronics Co. will invest 305 billion won (US$295.54 million) in memory-chip producing facilities during the first half of this year to meet increasing demand, the company said.

The memory chipmaker said it will pour 200.2 billion won into upgrading the system large-scale integration (LSI) assembly line and invest 104.9 billion won in expanding equipment to assemble and check memory-chips at its Onyang factory, reported Asia Pulse.

The investment plan was made to cope with increases in demand for memory chips like DRAM and flash memories and for system LSI products including SoC products, smart cards, and image sensors.

Samsung is expected to invest 840 billion won in enhancing System LSI products this year, a source at the company said.


Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.