Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Samsung to Focus on Flash Memory as Growth Engine
Oct 10, 2003
 Printable format
 Email this Article
 Search

Samsung Electronics Co. said that it set a U.S. $10-billion sales goal for its flash memory chips next year and made them the company's new growth engine.

The decision was made at a special strategy meeting, presided over by Chairman Lee Kun-hee, where senior company officials reviewed products with next-generation growth potential, according to officials.

"Samsung will intensify efforts to develop the flash memory chip as its new growth engine because it is expected to enjoy a golden period over the next five or 10 years," a Samsung official said.

Samsung Electronics is attempting to offset a reduction in profit from sales of dynamic random access memory (DRAM) chips. It aims to control the largest share of the overall flash memory chip market.

The company also plans to bolster its semiconductor complex in Hwaseong, south of Seoul, into a production center to prepare for its leap into global competition.

The company had decided to convert its assembly line in Giheung, south of Seoul, to flash memory chip production in addition to two other lines already in operation.

Samsung's monthly sales of NAND-type flash memory chips has increased to more than $130 million due to the growing market for personal digital assistants (PDAs) and mobile phones supporting video and USB (universal serial bus) drives.

Company officials are hoping that the focus on flash memory chips will give Samsung an advantage in the NAND market.

NAND chips, which can retain data even without an external power source, are an integral part of 3G information gear, digital appliances, and other high-tech gadgets. (Yonhap, Asia Pulse)

Back to Daily News

 

Daily News

...........................................................

Oct 23, 2014: Whirlpool Corporation to Showcase Resource-Efficient Technologies at Greenbuild

Oct 23, 2014: CWIEME Chicago exhibition had record attendees

Oct 22, 2014: Middleby to add U-Line to residential appliance business

Oct 22, 2014: iRobot's 3Q exceeds expectations, driven by Home Robots growth

Oct 22, 2014: Whirlpool Canada named 2014 Energy Star Manufacturer of the Year

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows