Samsung to boost chip sales

October 10, 2003 – South Korea’s Samsung electronics Co. Ltd. says it will boost memory chip sales to $10 billion next year, largely on the back of its NAND flash memory chips.

The company has invested nearly $3 billion this year to boost output of flash memory chips, which have seen prices remain basically stable compared with DRAM.

Samsung is aiming for a 21% share in the global market for memory chips, which accounted for 20% of the company’s 2Q03 revenue, and plans to more than double its share in the flash memory market to 66% by 2005.

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