Samsung's Semiconductor Sales to Increase to $30 Bil. in 2005
Samsung Electronics, the world's largest producer of memory chips, said yesterday that it will be targeting sales of $30 billion for semiconductors, including liquid crystal displays, in the year 2005.
``By concentrating on optimizing the competitiveness of our products, we are planning to drastically expand sales of memory and non-memory chips as well as LCDs,'' said semiconductor CEO Lee Yoon-woo.
He said the shortage of dynamic random access memory (DRAM) chips and other memory products is expected to continue through the year 2002 and Samsung will be launching the operation of its 10th line in Hwasong this month to meet the demands.
``In addition, we will be kicking off the construction of our 11th line for commercial operation, to begin in the second half of next year, to maintain our strong market position,'' Lee said.
``We are making strategic efforts to elevate the market position of products such as system LSI (large-scale integration) and make them the market leaders by the year 2005,'' he added. …