Samsung to invest $24 billion

Posted on Monday, December 06 2004 @ 21:20 CET by Thomas De Maesschalck
South Korean chipmaker Samsung is to invest 25 trillion won ($24bn; £12.36bn) building new chip production lines over the next six years. The plan was revealed by Samsung Group chairman Lee Kun-Hee as Samsung bosses met to mark the firm's 30th anniversary in the semiconductor business.

He also announced a chip sales target of 200 trillion won by 2010.

Read more at BBC

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