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

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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