Samsung Electronics to invest US$24bil by 2010


SEOUL: Samsung Electronics Co Ltd, the world’s largest maker of memory chips, said yesterday it will invest 25 trillion won (US$24bil) in its semiconductor business by 2010. 

Hwang Chang-gyu, president of the South Korean firm’s chip business, also forecast in a press statement that semiconductor sales would surge 60% this year to a record high. 

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