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Seoul (pte026/06.12.2004/15:00) - The South Korean electronics company Samsung Electronics http://www.samsung.com wants to invest 25 trillion Korean won (17.9 billion euros) by 2010 on chip manufacturing. According to Samsung, the move is expected to create 10,000 new jobs, reports the Wall Street Journal online (WSJ) http://www.wsj.com .
According to the WSJ, the world's largest memory-chip manufacturer is expecting turnover from its semiconductor operations this year to jump 60 per cent from the previous year. This would be a company record. In 2003, Samsung's semiconductor division generated revenue of about 10.5 billion dollars (7.81 billion euros). In the third quarter of 2004, revenue from semiconductors made up about a third of total sales.
However, Samsung is expecting prices of its dynamic random access memory (DRAM) chips to fall by about 30 per cent in the coming year. The company also makes mobile handsets and liquid crystal display panels for computer monitors and televisions.
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